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    7365 Main St Stratford, CT 06614

    Sponsored
    For Lease
    $18 SF/Yr

    Stratford, CT Restaurant Space Available

    Lot size:
    28,292 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    Oronoque Shopping Plaza, located at 7365 Main St, Stratford, CT 06614, offers an exceptional retail opportunity. This single-story, 28,292 square foot building, constructed in 1978, features one suite with 1,200 square feet currently available for immediate occupancy. The space is ideal for a restaurant, benefiting from a high-traffic location and ample parking. The property boasts 200 surface parking spaces, ensuring convenient access for customers. Its prime location across from Sikorski Aircraft Aviation Company, a major employer with over 15,000 employees, guarantees significant foot traffic and visibility. Situated conveniently between Merritt Parkway Exit 53 and Route 8, the plaza benefits from easy access and high daily traffic counts, estimated at approximately 23,000 vehicles. The property sits less than a mile from the Oronoque Village Condo Complex, adding to its already substantial customer base. The 7-acre site is zoned CA. The asking rent is $18.00 per square foot, NNN. Don't miss this chance to establish your business in a thriving commercial center. The minimum divisible space is 1,200 square feet, and the maximum contiguous space is also 1,200 square feet.

    Property Features for 7365 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,292 SF
    Total Rate
    42438

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Spaces 1
    Size
    1,200 SF
    Rate per SF
    $18
    Space
    Available Space 2
    Size
    1,200 SF
    Rate per SF
    $18

    We can help!

    Listing Contact
    Read Auerbach
    Read Auerbach

    Learn more

    Property Insight Report

    HighLights

    • Exceptional retail opportunity in Stratford, CT at 7365 Main St.
    • Single‑story, 28,292 SF building with 1,200 SF immediately available.
    • High‑traffic location with 200 surface parking spaces.
    • Prime location across from Sikorsky Aircraft, offering high visibility and foot traffic.
    • Excellent access via Merritt Parkway Exit 53 and Route 8, with 23,000+ daily vehicles.
    • 7‑acre site zoned CA; asking rent $18/SF, NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Smooth Drywall Finish ... Contractor JV Hair Design Beauty Salon Children's Dentistry of Stratford Pediatric Dentist Oronoque Shopping Plaza Shopping Mall Oronoque Cleaners Dry Cleaner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Stratford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1007432
    Latitude
    41.2539207

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    FAQs

    What type of property is this?
    Retail property - Stratford, CT Restaurant Space Available
    Where is this retail property located?
    The property is located at 7365 Main St Stratford, CT.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Exceptional retail opportunity in Stratford, CT at 7365 Main St.; Single-story, 28,292 SF building with 1,200 SF immediately available.; High-traffic location with 200 surface parking spaces.
    Request Owner's contact information
    7365 Main St Stratford, CT 06614
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    Stratford, CT 06614
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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.

    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
    7365 Main St Stratford, CT 06614
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    We can help!
    Listing Contact
    Read Auerbach
    Read Auerbach
    Real Estate License ID: CT
    Learn more
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