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    High Bay Industrial/Recreational Space Title is generated by Realmo AI

    13 Francis J Clarke Circle, Bethel, CT 06801

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    For Lease
    $12 SF/Yr $21,321/Mo (calc)

    21,321 SF high bay space suitable for industrial or recreational use.

    Property size:
    21,321 SF
    Added:
    Jul 4, 2025
    Days on Market:
    318
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 13 Francis J Clarke Circle

    General Information

    Standard status
    Active
    Size
    21,321 SF

    Building Details

    Year Built
    1989

    We can help!

    Listing Contact
    MICHAEL STRUNA

    Listing agent MICHAEL STRUNA

    Listing office Advantage Realty, Inc.

    Listing date Jul 4, 2025

    Source Corcoran

    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 Advantage Realty, Inc.

    HighLights

    • High bay industrial space totaling 21,321 s.f., expandable to 35,794 s.f.
    • Located in the Clarke Business Park, offering a peaceful environment with walking/hiking/biking/jogging trails.
    • Zoned "IP" Industrial Park on 9.2 acres, suitable for various uses including recreational facilities.
    • Convenient location 4.5 miles from I‑84 (Exit 5) and accessible to multiple towns.
    • Features include partial air‑conditioning, full sprinkler system, and ceiling heights up to 22'.
    • Includes existing reception, waiting, arcade, office, food service areas, and large bathrooms from previous tenant.

    Overview

    Located in the Clarke Business Park in Bethel, CT, this property offers approximately 21,321 square feet of high bay industrial space on 9.2 acres zoned "IP" Industrial Park. It can be combined with an additional 14,750 square feet of high bay space for a total of 35,794 square feet. The space is partially air-conditioned and fully sprinklered, with ceiling heights up to 22 feet. Column spacing is 22' X 60' and 24' X 24'. The property features three loading docks. The location is 4.5 miles from Exit 5 of I-84, providing convenient access to Bethel, Danbury, Redding, Easton, Weston, Wilton, Brookfield, Newtown, and Ridgefield. The property is situated in a peaceful environment with walking trails, hiking, biking, and jogging paths. The space is suited for various uses, including a sports training facility, volleyball academy, location for soccer or lacrosse leagues, basketball courts and competitions, indoor tennis or pickleball courts, or a gymnastics academy. The existing layout includes reception areas, waiting areas, arcade areas, offices, food service areas, and large men's and women's bathrooms from the previous tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kratos Gymnastics Gym & Fitness Center Real Moving & Storage Moving Company Blingle Premier Lighting Electrical Service Sky Zone Trampoline ... Gym & Fitness Center Certified Van Service ... Moving Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethel
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4264
    Latitude
    41.3604

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      13 Francis J Clarke Circle, Bethel, CT 06801
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    FAQs

    What type of property is this?
    Flex space - 21,321 SF high bay space suitable for industrial or recreational use.
    Where is this flex space located?
    The property is located at 13 Francis J Clarke Circle Bethel, CT.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High bay industrial space totaling 21,321 s.f., expandable to 35,794 s.f.; Located in the Clarke Business Park, offering a peaceful environment with walking/hiking/biking/jogging trails.; Zoned "IP" Industrial Park on 9.2 acres, suitable for various uses including recreational facilities.
    (203) 798-9345
    We can help!
    Listing Contact
    MICHAEL STRUNA
    Learn More
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    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.

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