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    900 Main St Southbury, CT 06488

    Sponsored
    For Lease
    $16 SF/Yr

    Premium Southbury Office Space, Multiple Sizes Available

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    900 Main Street South in Southbury, Connecticut offers exceptional executive office space within a three-story building totaling 30,000 square feet. This prime location boasts 14.39 acres of land and provides convenient access to I-84 and numerous other amenities. The property, built in 1988, is zoned B-3B and features a single building with 9-foot ceilings. Multiple tenancy options are available, with spaces ranging from a minimum of 1,681 square feet to a maximum contiguous space of 3,029 square feet. Currently, 9,010 square feet of space is vacant and ready for immediate occupancy. The building offers ample parking for tenants and their clients. Leases are available on a modified gross basis, with utilities included, at a rate ranging from $16.00 to $22.00 per square foot. This presents a unique opportunity for businesses seeking high-quality office space in a desirable Southbury location. The property's strategic location and ample parking make it an ideal choice for companies seeking a professional and convenient work environment. Inquire today to learn more about the available spaces and lease terms.

    Property Features for 900 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF
    Total Rate
    40000

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 2-200
    Size
    3,029 SF
    Rate per SF
    $22
    Space
    Suite 2-301
    Size
    1,475 SF
    Rate per SF
    $22
    Space
    Suite 2-300
    Size
    2,600 SF
    Rate per SF
    $22
    Space
    Suite 200
    Size
    1,300 SF

    HighLights

    • Rent: $16-$22/SF Modified Gross + Utilities
    • Suite 2‑201: 1,681 SF
    • Suite 2‑300: 2,600 SF
    • Suite 2‑200: 3,029 SF
    • Suite 2‑101: 1,700 SF (Available November 2022)
    • 5% Brokerage Commission
    Property Profile Location Intelligence

    Current Use by Public Records

    Melick & Porter, LLP Legal Services Chipman Mazzucco Emerson ... Attorney Reardon Michael J Attorney Secor Cassidy & Mc ... Attorney Southbury Clinic Doctor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Southbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.234799
    Latitude
    41.4622472

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    FAQs

    What type of property is this?
    Office Property / Space - Premium Southbury Office Space, Multiple Sizes Available
    Where is this office property / space located?
    The property is located at 900 Main St Southbury, CT.
    What is the lease rate?
    The lease rate is $0.00-$22 SF/Yr.
    What are key features of this property?
    This property features: Rent: $16-$22/SF Modified Gross + Utilities; Suite 2-201: 1,681 SF; Suite 2-300: 2,600 SF
    Request Owner's contact information
    900 Main St Southbury, CT 06488
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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.

    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
    900 Main St Southbury, CT 06488
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