Single-Story Commercial
860 -62 Silas Deane Hwy Wethersfield, CT 06109
860 -62 Silas Deane Hwy, Wethersfield, CT, 06109
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For Sale
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Single-story, fully renovated building with 112' frontage, on-building signage, and on-site parking, positioned along Route 99.
Property Size7,000 SF
Price / SF$135.71
Days on Market141
Property Features for 860 -62 Silas Deane Hwy
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1968
Listing agency
O, R&L Commercial
(860) 721-0033
Listed by
Jay Morris · License #CT REB.0755257
Source
Crexi
Added: Mar 3 Updated: Jul 21 at 3:38PM Checked: Jul 21 at 3:38PM
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 O, R&L Commercial
Investment Insights
Based on property information with market context.
A highly visible single-story commercial building with 7,000± SF and the ability to subdivide to 3,500± SF. Built in 1968 and fully renovated in 2015, the property features updated roof, windows, HVAC, and paving, along with central air conditioning. It offers rooftop gas units with forced hot air, 9.5’ clear height to the suspended ceiling (10.5’ to bar joist), and one loading dock. Constructed of concrete masonry with a membrane roof (2015), the building includes 25 on-site parking spaces plus 19 additional rear spaces leased from CL&P.
The property is located along Silas Deane Highway (Route 99) and provides 112’ of frontage with on-building signage. Public remarks note approximately 16,700± vehicles per day and convenient access about 1.3 miles from I-91 (Exits 24 & 25). The property is zoned RC (Regional Commercial).
Currently, the entire building is leased to a math school through 6/30/26, with the tenant relocating thereafter, creating a future owner-user or lease-up opportunity.
The property is located along Silas Deane Highway (Route 99) and provides 112’ of frontage with on-building signage. Public remarks note approximately 16,700± vehicles per day and convenient access about 1.3 miles from I-91 (Exits 24 & 25). The property is zoned RC (Regional Commercial).
Currently, the entire building is leased to a math school through 6/30/26, with the tenant relocating thereafter, creating a future owner-user or lease-up opportunity.
Key Highlights
- 7,000± SF single‑story commercial building on 0.53± acres along Silas Deane Highway (Route 99), with 112' frontage and on‑building signage
- Highly accessible location: 1.3 miles to I‑91 (Exits 24 & 25) and reported 16,700± vehicles per day
- Fully renovated in 2015 with updated roof, windows, HVAC, and paving; constructed of concrete masonry with membrane roof (2015)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.0k | $18.00 |
| − Vacancy | −$13.0k | −$1.85 |
| EGI | $113.0k | $16.15 |
| − OpEx | −$33.9k | −$4.84 |
| NOI | $79.1k | $11.30 |
7,000 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Healthcare Medical
$1.62M
$1.42M – $1.89M
NOI $113,400 @ 7.0% cap · market cap 11.94%
Second Best
Office B
$1.55M
$1.36M – $1.81M
NOI $108,580 @ 7.0% cap · market cap 11.43%
Theoretical Best
Office A
$2.09M
$1.83M – $2.43M
NOI $146,055 @ 7.0% cap · market cap 15.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Single-story, fully renovated building with 112' frontage, on-building signage, and on-site parking, positioned along Route 99.
Where is this office units located?
The property is located at 860 -62 Silas Deane Hwy Wethersfield, CT.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 7,000± SF single‑story commercial building on 0.53± acres along Silas Deane Highway (Route 99), with 112' frontage and on‑building signage; Highly accessible location: 1.3 miles to I‑91 (Exits 24 & 25) and reported 16,700± vehicles per day; Fully renovated in 2015 with updated roof, windows, HVAC, and paving; constructed of concrete masonry with membrane roof (2015)
