Subdividable Retail Building with
862 Silas Deane Hwy Wethersfield, CT 06109
For Sale
Contact for pricing
A 7,000± SF retail building with on-building signage, subdividable to 3,500 SF and site parking totaling 44 spaces.
Property Size7,000 SF
Lot Size0.53 Acres
Price / SF$135.71
Days on Market114
Property Features for 862 Silas Deane Hwy
General Information
Standard status
Active
Size
7,000 SF
Lot size
0.53 Acres
Property subtype
RETAIL
Listing Agency:
O,R&L Commercial, LLC
(860) 841-0774
Listed By:
Robert Gaucher · License #REB.0755257
(860) 841-0774
Source:
Moodyscre
Added: Apr 7
Changed: Jul 26
Last Checked: Jul 29 at 3:14PM
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, LLC
Investment Insights
Based on property information with market context.
The property is a 7,000± SF commercial retail building on 0.53 acres, offering flexibility for future occupancy. The space is subdividable to 3,500 SF and includes on-building signage. The site provides 25 spaces on-site, with an additional 19 spaces leased for a total of 44 spaces.
It is located on Silas Deane Hwy, with reported traffic of 16,700 ADT. The site is about 1.3 miles to I-91 (exit 24 or 25).
Updates include a new roof, windows, HVAC, and paving completed in 2015. The property is in an RC zone.
It is located on Silas Deane Hwy, with reported traffic of 16,700 ADT. The site is about 1.3 miles to I-91 (exit 24 or 25).
Updates include a new roof, windows, HVAC, and paving completed in 2015. The property is in an RC zone.
Key Highlights
- 7,000± SF commercial retail building in RC zone, with on‑building signage
- Option to subdivide: space can be split to 3,500 SF
- Parking for 25 spaces on site plus rear 19 leased spaces (44 total)
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
Retail
$1.13M
$988.9K – $1.32M
NOI $79,115 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - A 7,000± SF retail building with on-building signage, subdividable to 3,500 SF and site parking totaling 44 spaces.
Where is this retail space located?
The property is located at 862 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 commercial retail building in RC zone, with on‑building signage; Option to subdivide: space can be split to 3,500 SF; Parking for 25 spaces on site plus rear 19 leased spaces (44 total)
