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

    1001 Farmington Ave Bristol, CT 6010

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Medical Office Space

    Type:Office
    Property size:
    1,750 SF
    Added:
    Sep 25, 2024
    Days on Market:
    567
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 1001 Farmington Ave

    General Information

    Standard status
    Active
    Size
    1,750 SF
    Property subtype
    Office

    Spaces For Lease

    at 1001 Farmington Ave Contact us

    Available Space 1 $16 /Mo

    Size
    1,750 SF
    Type
    Office
    Suite 201, first floor, 1,750 sq.ft. with waiting/receptionist area, corridor with...
    show more
    Contact us

    Available Space 2 $13 /Mo

    Size
    860 SF
    Type
    Office
    Suite 304. second floor, receptionist area with private offices and coat closet....
    show more
    Contact us

    We can help!

    Listing Contact
    Joel Witkiewicz, CCIM

    Listing agent Joel Witkiewicz, CCIM License #CT REB.0734877

    Listing office Advance Realty CT LLC

    Listing date Sep 25, 2024

    Source Crexi

    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 Advance Realty CT LLC

    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spray tans on the glow Tanning Salon Bolt 738 llc Building Supply Karen Deville Physician Ann Murillo Physician Laurel Whalen Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.9106472
    Latitude
    41.6954076

    Nearby Similar for Lease

    • $12/mo

      Commercial Building with Multiple Spaces

      Remodeled commercial building with warehouse, office, gym, and apartment.
      300 Riverside Avenue, Bristol, CT 06010
      View Details
    • Contact for pricing

      Retail Space in Bristol, CT

      2840 SF retail space available for rent.
      259 W Washington Street, Bristol, CT 06010
      View Details
    • Contact for pricing

      Commercial Space on Farmington Avenue

      Mixed-use building with parking, suitable for salon or office.
      780 Farmington Avenue unit: 1, Bristol, CT 06010
      View Details
    • Contact for pricing

      Move-In Ready Office Space

      Office space with open floor plan and private office.
      35F Wooster Court unit: 35F, Bristol, CT 06010
      View Details
    • $12/mo

      Professional Office Building For Lease

      Professional office building on Rt 6 with ample parking.
      751 Farmington Avenue, Bristol, CT 06010
      View Details
    • Contact for pricing

      First-Floor Office Space Available

      Highly visible 1,064 sq ft office space for rent.
      6 North St 1st flr, Bristol, CT 06010
      View Details
    • Contact for pricing

      Bristol Retail Space with Permits

      1400 SF retail space with multiple permits available for sublease.
      485 Farmington Avenue, Bristol, CT 06010
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      2840 SF retail space for rent. Deli/Grocery equipment intact.
      259 West Washington Street, Bristol, CT 06010
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office space for rent with shared amenities in prime location.
      515 Broad Street, Bristol, CT 06010
      View Details
    • Contact for pricing

      Mixed-Use Space on Farmington Avenue

      Mixed-use space suitable for salon, office, or retail.
      780 Farmington Avenue #1, Bristol, CT 06010
      View Details
    • $7/mo

      Industrial Facility in Bristol, CT

      Single tenant industrial facility with manufacturing space for lease.
      70 Horizon Drive, Bristol, CT, 06010
      View Details
    • Contact for pricing

      Downtown Bristol Apartment For Rent

      Spacious 2-bedroom apartment in walkable downtown Bristol location.
      301 Main St 28, Bristol, CT 06010
      View Details

    FAQs

    Where is this medical office space located?
    The property is located at 1001 Farmington Ave Bristol, CT.
    What are key features of this property?
    This property features: Up to $12,000 in Tenant Improvements offered.; Suite 202 is a 1,750 sq.ft. first floor medical office.; Well maintained attractive professional office building.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joel Witkiewicz, CCIM
    Real Estate License ID: CT REB.0734877
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!