Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wethersfield Retail Space For Rent Title is generated by Realmo AI

    708 Silas Deane Highway, Wethersfield, CT 06109

    View on Map
    Claim this Listing
    For Lease
    $4,000/Mo $26 SF/Yr (calc)

    Prime retail space suitable for various businesses, high-traffic location.

    Type:Commercial
    Property size:
    1,800 SF
    Lot size:
    0.51 Acres
    Added:
    Sep 8, 2025
    Days on Market:
    270
    Last Refresh:
    Apr 5 at 11:22 pm

    Property Features for 708 Silas Deane Highway

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Lot size
    0.51 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    CHRIS FRANCIS

    Listing agent CHRIS FRANCIS

    Listing office Francis Realty&Consulting LLC

    Listing date Sep 8, 2025

    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 Francis Realty&Consulting LLC

    HighLights

    • Prime commercial/retail space available for immediate occupancy.
    • High‑traffic location with excellent visibility and accessibility.
    • Approx. 1800 square feet of versatile space suitable for various businesses.
    • Adjacent to Mobil Gas Station and Oakland Fresh Market, providing additional foot traffic and exposure.
    • Suitable for a bakery, coffee shop, smoke shop, or take‑out operation (no dine‑in).
    • Year Built: 1960

    Overview

    This commercial retail space, comprising approximately 1800 square feet, is available for immediate occupancy. The space is suitable for a bakery, coffee shop, smoke shop, or take-out operation, but not for dine-in services. Interested parties should confirm permitted uses with the Town of Wethersfield. The property benefits from its location adjacent to a Mobil Gas Station and Oakland Fresh Market, which provides additional foot traffic and exposure. The location offers excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Express Lube Auto Repair Shop Mobil Gas Station Cross Auto And Tire ... Gas Station

    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
    Wethersfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.661
    Latitude
    41.7054

    Nearby Similar for Lease

    • $2,000/Mo
      1,100 SF

      Silas Deane Highway Office Suites

      Move-in ready office suites on Silas Deane Highway available for lease.
      239 Silas Deane Hwy, Wethersfield, CT 06109
      View Details
    • $1,100/Mo
      200 SF

      Modern Office Suite For Rent

      Turnkey office suite with flexible layout and highway access.
      350 Silas Deane Hwy Suite 301-3, Wethersfield, CT 06109
      View Details
    • $25 SF/Yr
      4,800 SF

      Customizable Retail Space in Plaza

      4,800 SF retail space in high-traffic Silas Deane Highway.
      657 Silas Deane Hwy C, Wethersfield, CT 06109
      View Details
    • $20 SF/Yr
      1,612 SF

      Medical Office Space For Rent

      First floor medical office space near major medical centers.
      465 Silas Deane Hwy First Floor, Wethersfield, CT 06109
      View Details
    • $2,000/Mo
      1,100 SF

      Move-in Ready Office Suites Available

      Renovated office suites on Silas Deane Highway for lease.
      239 Silas Deane Highway, Wethersfield, CT 06109
      View Details
    • $25 SF/Yr
      4,800 SF

      Customizable Retail Space on Silas

      4,800 SF retail space in high-traffic area.
      657 Silas Deane Highway #C, Wethersfield, CT 06109
      View Details
    • $975/Mo
      10,080 SF

      Modern Office Suite For Rent

      High-visibility office suite with utilities included and flexible lease terms.
      350 Silas Deane Highway #Suite 102-4, Wethersfield, CT 06109
      View Details
    • $1,100/Mo
      10,080 SF

      Modern Office Suite For Rent

      High-visibility office suite with flexible layout and modern amenities.
      350 Silas Deane Highway #Suite 301-1, Wethersfield, CT 06109
      View Details
    • $1,100/Mo
      10,080 SF

      Modern Office Suite For Rent

      Turnkey office suite with flexible layout and highway access.
      350 Silas Deane Highway #Suite 301-3, Wethersfield, CT 06109
      View Details
    • $1,100/Mo
      10,080 SF

      Modern Office Suite For Rent

      High-visibility office suite with utilities included and flexible lease terms.
      350 Silas Deane Highway #Suite 203-1, Wethersfield, CT 06109
      View Details
    • $16 SF/Yr
      1,732 SF

      Wethersfield Office Space For Lease

      Two-story office building with highway access and ample parking.
      1331 Silas Deane Highway, Wethersfield, CT, 06109
      View Details
    • $3,200/Mo
      1,800 SF

      Spacious Apartment in Old Wethersfield

      First-floor apartment with 3-4 bedrooms, patio, and included utilities.
      119 State St 1, Wethersfield, CT 06109
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime retail space suitable for various businesses, high-traffic location.
    Where is this retail space located?
    The property is located at 708 Silas Deane Highway Wethersfield, CT.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: Prime commercial/retail space available for immediate occupancy.; High‑traffic location with excellent visibility and accessibility.; Approx. 1800 square feet of versatile space suitable for various businesses.
    (860) 967-8776
    We can help!
    Listing Contact
    CHRIS FRANCIS
    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
    708 Silas Deane Highway, Wethersfield, CT 06109
    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!