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

    585 Hazard Ave Enfield, CT 6082

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces for lease in a busy shopping plaza.

    Type:Retail
    Property size:
    5,200 SF
    Added:
    Sep 1, 2023
    Days on Market:
    950
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 585 Hazard Ave

    General Information

    Standard status
    Active
    Size
    5,200 SF
    Property subtype
    Retail

    Spaces For Lease

    at 585 Hazard Ave Contact us

    Available Space $13 /Mo

    Size
    1,200 SF
    Type
    Retail
    Lease Rate: $13.00 SF/yr (NNN)
    Contact us

    Available Space 1 $13 /Mo

    Size
    1,600 SF
    Type
    Retail
    Lease Rate: $13.00 SF/yr (NNN)
    Contact us

    Available Space DC1 $13 /Mo

    Size
    2,400 SF
    Type
    Retail
    $13.00 SF/month
    Contact us

    585 Hazard Ave $13 /Mo

    Size
    2,262 SF
    Type
    Retail
    Date Available Now!
    Contact us

    We can help!

    Listing Contact
    Jim Reardon

    Listing agent Jim Reardon License #MA 9564256

    Listing office NAI Plotkin

    Listing date Sep 1, 2023

    Source Crexi

    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 NAI Plotkin

    Overview

    Retail Spaces in Scitico Plaza

    Located in Scitico Plaza on Route 190, this property offers retail spaces for lease. Available spaces include a 5,200-square-foot area, a 1,600-square-foot retail space, and a 1,200-square-foot former salon/retail space. The plaza is anchored by Family Dollar and Healthtrax Fitness Center, and also includes McDonald's, a dance studio, a car wash, and a laundromat. With approximately 500 feet of frontage on Route 190 (Hazard Avenue), the plaza benefits from high visibility. The location is situated on a busy road, four miles east of I-91, and offers ample parking and a strong tenant mix.
    Location Intelligence

    Current Use by Public Records

    Olympia Sales, LLC Department Store Magic Minit Car ... Car Wash Specialty Plumbing Supply ... Plumbing Service Your Neighborhood Laundromat (Bike/Boat/Book/etc) Store 1stoppsmokeshop (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Accounting Firm Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Enfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5118891
    Latitude
    41.9864945

    Nearby Similar for Lease

    • $18/mo

      Commercial Space in Enfield, CT

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

      Enfield Commercial Office Building For Rent

      Remodeled office space with parking and high-visibility location.
      265 Hazard Avenue, Enfield, CT 06082
      View Details
    • $18/mo

      Commercial Space in Enfield, CT

      New customizable commercial space for lease in Enfield's Scitico district.
      619 Hazard Avenue unit: B, Enfield, CT 06082
      View Details
    • $15/mo

      Class A Office Space Available

      First floor office space for sublease in Enfield, CT.
      1699 King St, Enfield, CT 06082
      View Details
    • $13/mo

      Retail Spaces in Scitico Plaza

      Retail spaces for lease in a busy shopping plaza.
      585 Hazard Ave, Enfield, CT 06082
      View Details
    • $20/mo

      Corporate Office Building with Solar

      13,800 SF office building with high-end finishes.
      15 Mullen Road, Enfield, CT 06082
      View Details
    • $11/mo

      Enfield Retail/Warehouse Space Available

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

      CT, Enfield - King St

      1699 King St, Enfield, CT 06082
      View Details
    • Contact for pricing

      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
    • $11/mo

      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

      Enfield Shop Space For Rent

      1,700 SF shop with office space, convenient highway access.
      1654 King St, Enfield, CT 06082
      View Details
    • Contact for pricing

      Modern Office Space Available

      Modern 540 SF office space for lease with ample parking.
      1654 King Street , Enfield, CT 06082
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces for lease in a busy shopping plaza.
    Where is this retail space located?
    The property is located at 585 Hazard Ave Enfield, CT.
    What are key features of this property?
    This property features: High visibility with approximately 500 feet of frontage on heavily traveled Route 190 (Hazard Ave).; Located in Scitico Plaza, a large shopping center anchored by Family Dollar and Healthtrax Fitness Center.; Ample parking available for customers and employees.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jim Reardon
    Real Estate License ID: MA 9564256
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!