Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    16 Mullen Rd Enfield, CT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    130,548 SF Class A distribution center available for lease.

    Type:INDUSTRIAL
    Property size:
    130,548 SF
    Lot size:
    14.57 Acres
    Added:
    Apr 7, 2025
    Days on Market:
    394
    Last Refresh:
    Apr 5 at 9:50 pm

    Property Features for 16 Mullen Rd

    General Information

    Standard status
    Active
    Size
    130,548 SF
    Lot size
    14.57 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 16 Mullen Rd Contact us

    We can help!

    Listing Contact
    Shawn McMahon
    Shawn McMahon

    Listing agent Shawn McMahon License #NULL8

    Listing office JLL | Hartford

    Listing date Apr 7, 2025

    Source Moodyscre

    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 JLL | Hartford

    Overview

    Industrial Distribution Center for Lease

    An industrial distribution center, classified as Class A, is now available for lease. The property offers between 40,000 and 130,548 square feet of space. The property is fully approved and located at 16 Mullen Rd in Enfield, CT.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Enfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5975
    Latitude
    41.944

    Nearby Similar for Lease

    • $18 SF/Yr

      Commercial Space in Enfield, CT

      New customizable commercial space for lease in Enfield's Scitico district.
      619 Hazard Avenue, Enfield, CT 06082
      View Details
    • $18 SF/Yr

      Commercial Space in Enfield, CT

      New build-to-suit commercial space for lease on Hazard Ave.
      619 Hazard Avenue, Enfield, CT 06082
      View Details
    • Contact for pricing

      Retail Spaces in Scitico Plaza

      Retail spaces for lease in a busy shopping plaza.
      585 Hazard Ave, Enfield, CT 06082
      View Details
    • Contact for pricing

      Enfield Retail/Warehouse Space Available

      4,000 SF retail/warehouse space in high-traffic Enfield location.
      96 Alden Avenue, Enfield, CT 06082
      View Details
    • Contact for pricing

      Class A Office Space Available

      First floor office space for sublease in Enfield, CT.
      1699 King St, Enfield, CT 06082
      View Details
    • Contact for pricing

      Corporate Office Building with Solar

      13,800 SF office building with high-end finishes.
      15 Mullen Road, Enfield, CT 06082
      View Details
    • $2,000/Mo

      Former Car Wash For Lease

      Former self-serve car wash available for lease on Hazard Avenue.
      301 Hazard Ave rear, Enfield, CT 06082
      View Details
    • $1,895/Mo

      Charming Remodeled Office Building

      Remodeled office building with parking and prominent signage.
      265 Hazard Avenue, Enfield, CT 06082
      View Details
    • Sponsored
      Contact for pricing

      CT, Enfield - King St

      1699 King St, Enfield, CT 06082
      View Details
    • $500/Mo

      Enfield Office Space For Rent

      Professional office space in well-maintained building, utilities included.
      103 Phoenix Avenue, Enfield, CT 06082
      View Details
    • Contact for pricing

      Enfield Shop Space For Rent

      1,700 SF shop with office space, convenient highway access.
      1654 King St, Enfield, CT 06082
      View Details
    • $2,500/Mo

      Enfield Retail or Office Space

      Flexible retail/office space in Thompsonville area with renovated bathrooms.
      9 N Main St 4, Enfield, CT 06082
      View Details

    FAQs

    What type of property is this?
    Distribution center - 130,548 SF Class A distribution center available for lease.
    Where is this distribution center located?
    The property is located at 16 Mullen Rd Enfield, CT.
    What are key features of this property?
    This property features: 130,548 SF Class A Distribution Center; Fully Approved, ready for occupancy; Available for Lease
    (860) 214-2828 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shawn McMahon
    Shawn McMahon
    Real Estate License ID: NULL8
    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
    16 Mullen Rd, Enfield, CT
    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!