Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Vernon Office/Retail Space For Rent Title is generated by Realmo AI

    62 Hyde Avenue, Vernon, CT 06066

    View on Map
    Claim this Listing
    For Lease
    $16 SF/Yr $2,556/Mo (calc)

    1,917 sq ft office/retail space with highway access.

    Type:Commercial
    Property size:
    1,917 SF
    Lot size:
    0.89 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    69
    Last Refresh:
    Apr 1 at 9:02 pm

    Property Features for 62 Hyde Avenue

    General Information

    Standard status
    Active
    Size
    1,917 SF
    Lot size
    0.89 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1959

    We can help!

    Listing Contact
    MARK RIESBECK
    MARK RIESBECK

    Listing agent MARK RIESBECK License #RES.0798345

    Listing office Berkshire Hathaway NE Prop.

    Listing date Mar 24, 2026

    Source Corcoran

    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 Berkshire Hathaway NE Prop.

    HighLights

    • High‑visibility location on Hyde Ave with strong daily traffic flow.
    • Direct access to CT Route 30 and immediate proximity to I‑84.
    • Flexible 1,917 sq ft office/retail space suitable for various business types.
    • Includes eight private offices, dedicated kitchen/break area, and two half baths.
    • Features 14 on‑site parking spaces.
    • Signage opportunities available for increased exposure.

    Overview

    Located on a high-visibility corridor at 62 Hyde Ave in Vernon, this 1,917 sq ft space is suitable for office or retail use. It offers direct access to CT Route 30 and is one minute from I-84. The interior features eight private offices, a kitchen/break area, and two half baths. The property is situated on approximately 0.89 acres and includes 14 on-site parking spaces. Signage opportunities are available. This configuration is suited for professional services, retail, or service-based users seeking convenient highway access and strong daily traffic flow. The location and functional layout make this a practical option for owner-users or tenants looking to establish or expand in Vernon.
    Location Intelligence

    Current Use by Public Records

    Timothy J Johnston ... Law Firm Balskus & Johnston Attorneys ... Law Firm Finex Credit Union Credit Union Mortgage Markets CUSO, ... Loan Service Caron & Parris LLC Law Firm

    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
    Vernon
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.4273255
    Latitude
    41.8613465

    Nearby Similar for Lease

    • $12 SF/Yr
      4,000 SF

      Versatile Industrial Flex Space Available

      4,000 SF industrial flex space with office and warehouse.
      77 Industrial Park Rd, Vernon, CT 06066
      View Details
    • $16 SF/Yr
      1,917 SF

      Vernon Office/Retail Space Available

      1,917 sq ft office/retail space with highway access.
      62 Hyde Ave, Vernon, CT 06066
      View Details
    • $750/Mo
      550 SF

      Commercial Space on Route 83

      Retail/office space on a high-traffic road with parking.
      624 Talcottville Road, Vernon, CT 06066
      View Details
    • $900/Mo
      600 SF

      Commercial Space on Route 83

      Commercial space for lease on highly trafficked Route 83.
      624 Talcottville Road, Vernon, CT 06066
      View Details
    • $12 SF/Yr
      3,000 SF

      Industrial Flex Space For Rent

      4,000 SF industrial flex space with office suite.
      77 Industrial Park Road, Vernon, CT 06066
      View Details
    • $1,600/Mo

      Versatile Retail Space in Vernon

      Highly visible retail space with ample parking and highway access.
      154 Talcottville Rd, Vernon, CT 06066
      View Details
    • $3,583/Mo
      4,300 SF

      Versatile Space in Historic District

      Adaptable 4300 SF unit in a high-traffic location.
      33 West Main Street, Vernon, CT 06066
      View Details
    • $5,000/Mo
      2,028 SF

      Dealership Space on Route 30

      Dealership space for lease on well-traveled Route 30.
      985 Hartford Turnpike, Vernon, CT 06066
      View Details
    • $1,500/Mo
      1,200 SF

      Commercial Unit on High-Traffic Corner

      Versatile 1200 sqft commercial unit in high-traffic area.
      903 Hartford Turnpike, Vernon, CT 06066
      View Details
    • $2,250/Mo
      2,011 SF

      Stand Alone Commercial Building

      Commercial space for lease with street exposure and parking.
      140 Union Street, Vernon, CT 06066
      View Details
    • $1,200/Mo
      1,400 SF

      Vernon Office Space For Rent

      1400 sqft office space available for rent.
      35 West Main Street, Vernon, CT 06066
      View Details
    • $1,300/Mo

      Updated 1-Bedroom Apartment For Rent

      Clean, updated 1-bedroom apartment with great views and parking.
      9 Morrison St Ext 4, Vernon, CT 06066
      View Details

    FAQs

    What type of property is this?
    Office units - 1,917 sq ft office/retail space with highway access.
    Where is this office units located?
    The property is located at 62 Hyde Avenue Vernon, CT.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on Hyde Ave with strong daily traffic flow.; Direct access to CT Route 30 and immediate proximity to I‑84.; Flexible 1,917 sq ft office/retail space suitable for various business types.
    (860) 648-2045
    We can help!
    Listing Contact
    MARK RIESBECK
    MARK RIESBECK
    Real Estate License ID: RES.0798345
    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
    62 Hyde Avenue, Vernon, CT 06066
    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!