Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Furnished Downtown Meriden Office Space Title is generated by Realmo AI

    61 Colony St Office, Meriden, CT 06451

    View on Map
    Claim this Listing
    For Lease
    $875 /Mo

    Newly renovated, furnished office space in downtown Meriden near train.

    Type:Commercial
    Added:
    May 18, 2026
    Days on Market:
    13
    Last Refresh:
    May 18 at 10:54 am

    Property Features for 61 Colony St Office

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1921

    We can help!

    Listing Contact
    Yvonne Bailey

    Listing agent Yvonne Bailey License #REB.0794372

    Listing office I'Lann Realty, LLC

    Listing date May 18, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of I'Lann Realty, LLC

    HighLights

    • Prime Downtown Meriden location within walking distance of the train station.
    • All utilities included in rent (water, electricity, heating).
    • Newly renovated office space with modern fixtures.
    • Generously sized 15' x 15' office suitable for various setups.
    • Off‑street parking for convenient access.
    • Access to a conference room.

    Overview

    This furnished 15' x 15' office space is located in downtown Meriden, within walking distance of the train station. The newly renovated office offers convenience, style, and all-inclusive amenities. The space is suitable for various setups, from private offices to collaborative workstations. All utilities, including water, electricity, and heating, are included in the rent. Off-street parking is available. The office has been recently renovated with fresh paint, modern fixtures, and updated interiors. Access to a conference room is also available. The location has a walk score of 81, indicating it is very walkable, a bike score of 48, indicating it is somewhat bikeable, and a transit score of 40, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    I'Lann Properties, LLC Real Estate Agency Child Care Connection Daycare Center I'Lann Realty Real Estate Agency Eric Rice Marriage Or Relationship Counselor Fukami Mizuno Marriage Or Relationship Counselor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Meriden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8012251
    Latitude
    41.5397204

    Nearby Similar for Lease

    • $1,000/Mo
      900 SF

      Commercial Office Space on East Main

      Conveniently located office space in the heart of Meriden, CT.
      264 E Main Street, Meriden, CT 06450
      View Details
    • $20 SF/Yr
      1,400 SF

      Meriden Office Suite For Rent

      Modern office building with 1,400 SF suite available.
      1501 E Main Street, Meriden, CT 06450
      View Details
    • $1,200/Mo
      500 SF

      Meriden Commercial Office Space

      Commercial office space for rent in Meriden with front-street exposure.
      615 E Main Street, Meriden, CT 06450
      View Details
    • $1,200/Mo
      350 SF

      Meriden Commercial Office Space Available

      Commercial office space for rent in Meriden with front-street exposure.
      615 E Main Street, Meriden, CT 06450
      View Details
    • $1,300/Mo
      850 SF

      Meriden Office Space For Rent

      Commercial office space for rent in Meriden with front-street exposure.
      615 E Main Street, Meriden, CT 06450
      View Details
    • $4,000/Mo
      5,500 SF

      Industrial Flex Space For Lease

      5,500 SF industrial flex space suitable for various businesses.
      5 Cross St, Meriden, CT 06451
      View Details
    • $20 SF/Yr
      1,400 SF

      Professional Office Suite For Rent

      Modern 1,400 sq ft office suite with three individual offices.
      1501 E Main St, Meriden, CT 06450
      View Details
    • $5,000/Mo
      1,600 SF

      Prime Retail Space Available

      High-visibility retail space suitable for various businesses.
      325 Chamberlain Highway #4, Meriden, CT 06451
      View Details
    • $5,000/Mo

      Retail Space with Highway Exposure

      Ideal location for restaurant or retail business with high visibility.
      325 Chamberlain Hwy 4, Meriden, CT 06451
      View Details
    • $4,749/Mo

      Modern Facility with Recent Upgrades

      Move-in-ready flex space with modern upgrades and convenient location.
      1777 N Colony Rd, Meriden, CT 06450
      View Details
    • $1,000/Mo
      900 SF

      Meriden Office Space For Rent

      Conveniently located office space in the heart of Meriden.
      264 East Main Street, Meriden, CT 06450
      View Details
    • $20 SF/Yr
      1,400 SF

      Professional Office Suite Available

      1,400 sq ft office suite for rent.
      1501 East Main Street, Meriden, CT 06450
      View Details

    FAQs

    What type of property is this?
    Office units - Newly renovated, furnished office space in downtown Meriden near train.
    Where is this office units located?
    The property is located at 61 Colony St Office Meriden, CT.
    What is the lease rate?
    The lease rate is $875 /Mo.
    What are key features of this property?
    This property features: Prime Downtown Meriden location within walking distance of the train station.; All utilities included in rent (water, electricity, heating).; Newly renovated office space with modern fixtures.
    (860) 930-4050
    We can help!
    Listing Contact
    Yvonne Bailey
    Real Estate License ID: REB.0794372
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    61 Colony St Office, Meriden, CT 06451
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!