Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    290 New Britain Ave Plainville, CT 06062

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic location, multiple suites available

    Lot size:
    38,626 SF

    Property Features for 290 New Britain Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,626 SF

    Spaces For Lease

    at 290 New Britain Ave, Plainville, CT 06062 Contact us

    We can help!

    Listing Contact
    Tyler Lyman
    Tyler Lyman

    Listing Agency: TRUE Commercial Real Estate LLC Listing Agent: Tyler Lyman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail strip center, located at 290 New Britain Avenue in Plainville, Connecticut, offers a total of 38,626 square feet of space across six suites. Currently, the entire center is available for lease, presenting a unique opportunity for a single tenant or multiple businesses seeking a prominent location. Individual suites range in size from a minimum of 5,063 square feet to a maximum contiguous space of 17,548 square feet, providing flexibility for various business needs. The property boasts excellent visibility and accessibility, situated in the thriving Connecticut Commons area with convenient access to major transportation arteries, including I-84 and Route 72. This prime location ensures high traffic volume and exposure to a large customer base. The property is located in Hartford County. The building's design and layout are ideal for a variety of retail uses, making it an attractive investment for businesses seeking a strong presence in a high-growth market. The ample space and strategic location make this property an exceptional opportunity for businesses looking to establish or expand their operations in a vibrant and accessible retail environment. This is a rare chance to secure a significant retail presence in a highly desirable area. Contact us today to learn more about leasing opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eliza Garage Corporate Office Precious Cuts (Bike/Boat/Book/etc) Store Connecticut Commons Shopping Center & Mall

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainville
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8381048
    Latitude
    41.673124

    Nearby Similar for Lease

    • New
      $15 SF/Yr
      2,378 SF

      Plainville Commercial Space Available

      Office and retail spaces available in a high-visibility Plainville plaza.
      17 Farmington Ave, Plainville, CT 06062
      View Details
    • New
      $12 SF/Yr
      8,800 SF

      Retail/Wholesale Space for Lease

      Retail/wholesale space available for lease in a well-located commercial area.
      87 Whiting St, Plainville, CT 06062
      View Details
    • $5,000 /Mo
      5,061 SF

      Industrial Building with Office Space

      5,000 SF industrial building with warehouse and office space.
      62 Newton Ave, Plainville, CT 06062
      View Details
    • $1,695 /Mo
      1,017 SF

      Renovated Retail Space in Plainville

      High-visibility retail suite ideal for salon, boutique, or shop.
      333 East St, Plainville, CT 06062
      View Details
    • $300 /Mo

      Downtown Plainville Office Space

      One-room office with natural light, utilities included in rent.
      22 Whiting St, Plainville, CT 06062
      View Details
    • $500 /Mo
      100 SF

      Prime Office Space in Mill

      Corner office in historic mill building with modern amenities.
      125 West Main St, Plainville, CT 06062
      View Details
    • $950 /Mo

      Warehouse and Distribution Space Available

      Two spaces available for lease, ideal for storage and distribution.
      17 N Washington St, Plainville, CT 06062
      View Details
    • Contact for pricing

      Retail Space in Plainville, CT

      Retail property available for ground lease or build-to-suit.
      Plainville, CT 06062
      View Details
    • $400 /Mo
      126 SF

      Updated Mill-Style Office Unit

      Office unit with utilities included and move-in special.
      125 West Main St, Plainville, CT 06062
      View Details
    • $700 /Mo
      225 SF

      Updated Mill-Style Office Space

      Updated office space with utilities included in rent.
      125 West Main St, Plainville, CT 06062
      View Details
    • Contact for pricing
      3,724 SF

      Plainville Office Building For Rent

      Office building with subdivision options available for lease.
      56 W Main St, Plainville, CT 06062
      View Details
    • Contact for pricing
      3,845 SF

      Retail Space Near I-84

      Retail space available in Plainville, close to I-84.
      14 Farmington Ave, Plainville, CT 06062
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - High-traffic location, multiple suites available
    Where is this neighborhood center located?
    The property is located at 290 New Britain Ave Plainville, CT.
    What are key features of this property?
    This property features: Retail strip center totaling 38,626 square feet.; Multiple suites available, ranging from 5,063 to 17,548 contiguous square feet.; Currently 100% vacant.
    Request Owner's contact information
    290 New Britain Ave Plainville, CT 06062
    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.
    290 New Britain Ave
    Plainville, CT 06062
    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
    290 New Britain Ave Plainville, CT 06062
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tyler Lyman
    Tyler Lyman
    Real Estate License ID: RES.0787447
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!