Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Bristol, CT Title is generated by Realmo AI

    40 Preston Street, Bristol, CT 06010

    View on Map
    Claim this Listing
    New
    For Lease
    $1,495/Mo $14 SF/Yr (calc)

    COMMERCIAL - Bristol, CT

    Property size:
    1,248 SF
    Lot size:
    0.58 Acres
    Added:
    May 15, 2026
    Days on Market:
    4
    Last Refresh:
    May 18 at 10:06 am

    Property Features for 40 Preston Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    R-10
    Standard status
    Active
    Size
    1,248 SF
    Lot size
    0.58 Acres

    Utilities

    Utilities
    Cable Available, Phone Available
    Sewer type
    Public Sewer
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Christine Mac Rae
    Christine Mac Rae

    Listing agent Christine Mac Rae License #RES.0785542

    Listing office Century 21 Bay-Mar Realty 765 Farmington Avenue, BRISTOL, CT

    Listing date May 15, 2026

    MLS# 24175907

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Stand alone building
    • Benefit from the open floor plan.
    • Public water source
    • Public sewer
    • Cable available
    • Phone available

    Overview

    This commercial property, located in Bristol, CT, is a stand-alone building featuring an open floor plan. The property is zoned R-10 and is suitable for retail use. The building has a size of 1248 square feet and is situated on a lot of 0.58 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.9136401
    Latitude
    41.6735663

    Nearby Similar for Lease

    • $12 SF/Yr
      10,976 SF

      Commercial Building with Multiple Spaces

      Remodeled commercial building with warehouse, office, gym, and apartment.
      300 Riverside Avenue, Bristol, CT 06010
      View Details
    • $2,000/Mo
      2,840 SF

      Retail Space in Bristol, CT

      2840 SF retail space available for rent.
      259 W Washington Street, Bristol, CT 06010
      View Details
    • $1,400/Mo
      615 SF

      Commercial Space on Farmington Avenue

      Mixed-use building with parking, suitable for salon or office.
      780 Farmington Avenue, Bristol, CT 06010
      View Details
    • $1,800/Mo
      1,400 SF

      Bristol Retail Space with Permits

      1400 SF retail space with multiple permits available for sublease.
      485 Farmington Ave, Bristol, CT 06010
      View Details
    • $400/Mo
      200 SF

      Professional Office Space Available

      Professional office space with shared amenities in prime location.
      515 Broad St, Bristol, CT 06010
      View Details
    • $2,000/Mo
      2,840 SF

      Retail Space Available For Rent

      2840 SF retail space for rent at $2000/month.
      259 W Washington St, Bristol, CT 06010
      View Details
    • $12 SF/Yr
      5,732 SF

      Professional Office Building For Lease

      Professional office building on Rt 6 with ample parking.
      751 Farmington Avenue, Bristol, CT 06010
      View Details
    • $1,150/Mo
      1,064 SF

      First-Floor Office Space Available

      Highly visible office space suitable for various professional businesses.
      6 North Street #1st flr, Bristol, CT 06010
      View Details
    • $1,150/Mo
      1,064 SF

      First-Floor Office Space Available

      Highly visible 1,064 sq ft office space for rent.
      6 North St 1st flr, Bristol, CT 06010
      View Details
    • $2,000/Mo
      2,840 SF

      Retail Space Available For Rent

      2840 SF retail space for rent. Deli/Grocery equipment intact.
      259 West Washington Street, Bristol, CT 06010
      View Details
    • $1,800/Mo

      Updated Storefront on Farmington Avenue

      Updated commercial storefront in high-traffic area, suitable for various businesses.
      831 Farmington Ave, Bristol, CT 06010
      View Details
    • $1,800/Mo
      1,400 SF

      Bristol Retail Space with Permits

      1400 SF retail space with multiple permits available for sublease.
      485 Farmington Avenue, Bristol, CT 06010
      View Details

    FAQs

    What type of property is this?
    Retail space - Stand-alone retail building with an open floor plan.
    Where is this retail space located?
    The property is located at 40 Preston Street Bristol, CT.
    What is the lease rate?
    The lease rate is $1,495 /Mo.
    What are key features of this property?
    This property features: Stand alone building; Benefit from the open floor plan.; Public water source
    (860) 478-4133
    We can help!
    Listing Contact
    Christine Mac Rae
    Christine Mac Rae
    Real Estate License ID: RES.0785542
    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
    40 Preston Street, Bristol, CT 06010
    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!