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    Industrial Facility in Bristol, CT Title is generated by Realmo AI

    70 Horizon Drive, Bristol, CT 06010

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    Claim this Listing
    For Lease
    $7 SF/Yr $31,224/Mo (calc)

    Single tenant industrial facility with manufacturing space for lease.

    Type:Industrial
    Property size:
    49,959 SF
    Lot size:
    4.78 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    68
    Last Refresh:
    Mar 16 at 10:16 am

    Property Features for 70 Horizon Drive

    General Information

    Standard status
    Active
    Size
    49,959 SF
    Lot size
    4.78 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Kyle Roberts

    Listing agent Kyle Roberts

    Listing office CBRE | Hartford

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Hartford

    HighLights

    • 49,959 SF single tenant industrial facility suitable for manufacturing
    • Convenient location near Route 229 and Interstate 84 (Exit 31)
    • Fully air‑conditioned with gas heat and a wet sprinkler system
    • Two (2) 800 amp power services (208 volt and 480 volt)
    • Features 5 docks and 1 drive‑in door
    • Includes 6,500 SF of office space within the building

    Overview

    The property at 70 Horizon Drive in Bristol, CT, is a 49,959 square foot single-tenant industrial facility currently used as manufacturing space. Constructed in 1987, the building features masonry block and steel construction with a flat rubber membrane roof. The interior provides a 20'6" clear ceiling height and column spacing of 30' x 30'. It is fully air-conditioned and heated by gas. The building is equipped with a wet sprinkler system, 5 docks, and 1 drive-in door. Power is supplied by two 800 amp services, one at 208 volts and the other at 480 volts. The property includes 6,500 square feet of office space. Situated on a 4.78-acre lot in an Industrial Park (IP-1) zoning district, the site offers 60 parking spaces with the potential for expansion. Public water and sewer services are provided by the City of Bristol, with gas and electric utilities supplied by Eversource. The property is conveniently located near Route 229 (Middle Street) and Interstate 84 via Exit 31.
    Property Profile Location Intelligence

    Current Use by Public Records

    HRF Fasteners Systems ... Metal Fabrication Plant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.9132717
    Latitude
    41.6516061

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    FAQs

    What type of property is this?
    Manufacturing property - Single tenant industrial facility with manufacturing space for lease.
    Where is this manufacturing property located?
    The property is located at 70 Horizon Drive Bristol, CT.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 49,959 SF single tenant industrial facility suitable for manufacturing; Convenient location near Route 229 and Interstate 84 (Exit 31); Fully air‑conditioned with gas heat and a wet sprinkler system
    (860) 987-4730
    We can help!
    Listing Contact
    Kyle Roberts
    Request Owner's contact information
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    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.

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