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

    542 Main St Cromwell, CT 06416

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,800 /Mo

    Mixed-use property with retail and office space available for rent.

    Lot size:
    0.18 Acres

    Property Features for 542 Main St

    General Information

    Standard status
    Active
    Lot size
    0.18 Acres

    Building Details

    Year built
    1954

    We can help!

    Listing Contact
    Qin Lin
    Source: Corcoran

    Listing Agency: Sovereign Properties Listing Agent: Qin Lin

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

    Learn more

    Overview

    Main Street Mixed-Use Property

    Located on Main Street, this property features a mix of commercial spaces. The first floor is currently occupied by a Chinese restaurant and a smoke shop. The second floor provides office space. This mixed-use property offers opportunities for various business ventures.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6535077
    Latitude
    41.6182813

    Nearby Similar for Lease

    • $3,400 /Mo
      2,000 SF

      Retail Space in Cromwell, CT

      Retail property for lease in Cromwell, Connecticut.
      309 Main St, Cromwell, CT 06416
      View Details
    • New
      $1,600 /Mo
      850 SF

      Unique Retail Space in Cromwell

      Retail space for lease in a unique Cromwell location.
      309 Main St Unit, Cromwell, CT 06416
      View Details
    • New
      $2,100 /Mo
      1,200 SF

      Unique Commercial Space in Cromwell

      Retail/office space in a unique location, must see!
      309 Main St Unit, Cromwell, CT 06416
      View Details
    • Contact for pricing

      Cromwell Retail Space For Lease

      Retail spaces available in high-traffic Cromwell shopping center.
      136 Berlin Rd, Cromwell, CT 06416
      View Details
    • $2,800 /Mo

      Main Street Commercial Space Available

      Retail and office spaces for rent on Main Street.
      542 Main St, Cromwell, CT 06416
      View Details
    • Contact for pricing
      19,000 SF

      Cromwell Office Space Sublease

      Office space available for sublease in Cromwell, Connecticut.
      106 Sebethe Dr, Cromwell, CT 06416
      View Details
    • $1,600 /Mo

      Unique Specialty Property for Rent

      Unique property in a desirable location, must see!
      309 Main St Suite, Cromwell, CT 06416
      View Details
    • $2,100 /Mo

      Unique Property and Location

      Unique property available for rent in a desirable location.
      309 Main St Suite, Cromwell, CT 06416
      View Details
    • Contact for pricing
      5,522 SF

      Retail Space in Cromwell Center

      Highly visible end-cap location at a busy Cromwell intersection.
      195 West St, Cromwell, CT 06416
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Cromwell Center

      Retail space available in well-located Cromwell shopping center.
      45-61 Shunpike Rd, Cromwell, CT 06416
      View Details
    • Contact for pricing
      5,400 SF

      Cromwell Flex Space Available

      5,400 SF flex space in Cromwell Tech Center.
      104 Sebethe D, Cromwell, CT
      View Details
    • Contact for pricing
      4,800 SF

      New Construction Industrial Flex Space

      New construction industrial condominium units for lease, convenient location.
      60 Countyline Dr, Cromwell, CT 06416
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail and office space available for rent.
    Where is this mixed-use property located?
    The property is located at 542 Main St Cromwell, CT.
    What is the lease rate?
    The lease rate is $2,800 /Mo.
    What are key features of this property?
    This property features: - Located on busy Main St.; - First floor features a Chinese restaurant.; - First floor features a smoke shop.
    (860) 628-2212
    Request Owner's contact information
    542 Main St Cromwell, CT 06416
    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.
    542 Main St
    Cromwell, CT 06416
    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
    542 Main St Cromwell, CT 06416
    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
    Qin Lin
    (860) 628-2212 (646) 919-5695 (203) 722-2451
    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!