Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1501 East Main St Meriden, CT 06450

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $20 SF/Yr ($2,333 /Mo)

    1,400 sq ft office suite for rent.

    Property size:
    1,400 SF
    Lot size:
    1.81 Acres

    Property Features for 1501 East Main St

    General Information

    Standard status
    Active
    Size
    1,400 SF
    Lot size
    1.81 Acres

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Mark Foreman
    Mark Foreman
    Source: Corcoran

    Listing Agency: Press/Cuozzo Realtors Listing Agent: Mark Foreman

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

    Learn more

    Overview

    Professional Office Suite Available

    A 1,400 sq ft suite is available in a modern, well-maintained professional office building. The suite includes 3 individual offices. The property offers ample on-site parking and convenient location to major roadways. The lease rate is $20 per square foot, full gross, with all utilities included. This space is ideal for businesses seeking a reliable and efficient workspace.
    Location Intelligence

    Current Use by Public Records

    Shorr Law Offices ... Law Firm Solimene & Secondo, LLP Law Firm Earnest & Associates LLC (Bike/Boat/Book/etc) Store Central Connecticut Regional ... Government Office Express Employment Professionals Employment Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Meriden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.7515388
    Latitude
    41.5258975

    Nearby Similar for Lease

    • New
      $1,000 /Mo
      900 SF

      Commercial Office Space on East Main

      Conveniently located office space in the heart of Meriden, CT.
      264 E Main St, 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 St, Meriden, CT 06450
      View Details
    • New
      $1,300 /Mo
      850 SF

      Meriden Office Space For Rent

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

      Meriden Commercial Office Space Available

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

      Meriden Commercial Office Space

      Commercial office space for rent in Meriden with front-street exposure.
      615 E Main St, Meriden, CT 06450
      View Details
    • New
      $4,000 /Mo
      3,400 SF

      Prime Retail Space in Meriden

      3400 sq ft retail space in high-traffic Meriden location.
      711 E Main St, Meriden, CT 06450
      View Details
    • $1,300 /Mo

      East Main Street Storefront

      Storefront for rent includes heat, water, and sewer.
      303 East Main St, Meriden, CT 06450
      View Details
    • $20 SF/Yr
      1,400 SF

      Meriden Office Space Available

      1400 square foot office space for rent in Meriden.
      1501 E Main St, Meriden, CT 06450
      View Details
    • $1,900 /Mo
      1,292 SF

      Two-Bay Garage with Office

      Two-bay garage with office and parking area for lease.
      417 South Colony St, Meriden, CT 06451
      View Details
    • $1,000 /Mo
      900 SF

      Meriden Office Space For Rent

      Conveniently located office space in the heart of Meriden.
      264 East Main St, Meriden, CT 06450
      View Details
    • $4,500 /Mo
      3,944 SF

      Meriden Auto Repair Shop Rental

      Established auto repair shop for rent in high-traffic Meriden corridor.
      327 West Main St, Meriden, CT 06451
      View Details
    • $4,749 /Mo
      4,896 SF

      Modern Facility with Recent Upgrades

      Move-in-ready flex space with modern upgrades and convenient location.
      1777 North Colony Rd, Meriden, CT 06450
      View Details

    FAQs

    What type of property is this?
    Office units - 1,400 sq ft office suite for rent.
    Where is this office units located?
    The property is located at 1501 East Main St Meriden, CT.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Full Gross Lease: $20 per SF includes all utilities.; - **1,400 sq ft Suite:** Modern, well-maintained professional office space.; - 3 Individual Offices: Provides dedicated workspaces.
    (203) 981-4551
    Request Owner's contact information
    1501 East Main St Meriden, CT 06450
    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.
    1501 East Main St
    Meriden, CT 06450
    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
    1501 East Main St Meriden, CT 06450
    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

    We can help!
    Listing Contact
    Mark Foreman
    Mark Foreman
    Real Estate License ID: RES.0827812
    (203) 981-4551 (203) 288-1900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!