Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail/Office Build To Suit Title is generated by Realmo AI

    154 Sullivan Ave, South Windsor, CT 06074

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Build-to-suit opportunity near major routes with ample frontage.

    Type:Retail, Restaurant, Office
    Added:
    Dec 9, 2020
    Days on Market:
    2002
    Last Refresh:
    May 12 at 10:50 pm

    Property Features for 154 Sullivan Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant, Office

    Building Details

    Year Built
    2025

    Spaces For Lease

    at 154 Sullivan Ave Contact us

    We can help!

    Listing Contact
    Phil Tartsinis

    Listing agent Phil Tartsinis License #REB.0793912

    Listing office AMF Property Management Corporation

    Listing date Dec 9, 2020

    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 AMF Property Management Corporation

    HighLights

    • Build‑to‑suit opportunity with custom‑designed space delivery.
    • Prime location: just 0.2 miles from the intersection of Sullivan Ave, Rye St, and RT‑5.
    • High visibility: boasts 900 ft of road frontage on a signalized intersection.
    • Dual entrances for convenient access.
    • Ample and convenient parking.
    • Year Built: 2025 (New Construction)

    Overview

    This property presents a build-to-suit opportunity with the potential for a turn-key, custom-designed space. It is located approximately 0.2 miles from the intersection of Sullivan Avenue, Rye Street, and Route 5, known as "The Corners of Sullivan - Rye - & - 5." The property features approximately 900 feet of road frontage, a signalized intersection, and dual entrances. Ample and convenient parking is available. Its location is designed to serve travelers on Sullivan Avenue, Rye Street, and Route 5. The property is suitable for retail, office, restaurants, commercial land and other commercial real estate purposes.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5972748
    Latitude
    41.8573875

    Nearby Similar for Lease

    • $1,900/Mo
      1,500 SF

      South Windsor Commercial Space Available

      High bay space in industrial park with highway access.
      1518 John Fitch Boulevard, South Windsor, CT 06074
      View Details
    • $10 SF/Yr
      30,242 SF

      South Windsor Warehouse/Flex Facility

      30,242 SF industrial facility suitable for manufacturing or sports.
      481 Sullivan Avenue, South Windsor, CT 06074
      View Details
    • $175 SF/Yr
      230 SF

      South Windsor Garage Bay Rental

      Enclosed garage bay for seasonal equipment or storage.
      249Garage - 1 bay rental Felt Road, South Windsor, CT 06074
      View Details
    • $22 SF/Yr
      1,690 SF

      Sullivan Corner Plaza Retail Space

      Retail space in a new three-building shopping center complex.
      154 Sullivan Avenue #2, South Windsor, CT 06074
      View Details
    • $1,900/Mo
      1,500 SF

      High Bay Warehouse Space Available

      Industrial park space with warehouse, office, and storefront options.
      1518 John Fitch Boulevard, South Windsor, CT 06074
      View Details
    • $10 SF/Yr
      30,242 SF

      South Windsor Warehouse/Flex Facility

      30,242 SF industrial facility with manufacturing capabilities for lease.
      481 Sullivan Avenue, South Windsor, CT 06074
      View Details
    • $10 SF/Yr
      10,342 SF

      South Windsor Industrial Space Available

      Versatile industrial space with high ceilings and convenient location.
      34 Patria Road #2, South Windsor, CT 06074
      View Details
    • $10 SF/Yr
      3,450 SF

      Versatile Studio Space For Lease

      Studio space ideal for dance, yoga, fitness, or performing arts.
      34 Patria Road #1, South Windsor, CT 06074
      View Details
    • $1,250/Mo

      Versatile Commercial Space for Rent

      Flexible commercial space suitable for office, retail, or distribution.
      400 Chapel Rd 1E, South Windsor, CT 06074
      View Details
    • $239,900 SF/Yr

      Professional Office Condominium For Rent

      Professional office condominium in South Windsor's Westview Office Park.
      A-1-1050 Sullivan Ave, South Windsor, CT
      View Details
    • $10 SF/Yr
      2,400 SF

      South Windsor Flex/Industrial Space

      Flex/industrial space for lease with convenient highway access.
      681 John Fitch Blvd, South Windsor, CT
      View Details
    • $25 SF/Yr
      26,388 SF

      Versatile Retail/Restaurant Space on Route 194

      Adaptable commercial space on a high-traffic thoroughfare, ready for customization.
      942 Sullivan Avenue, South Windsor, CT 06074
      View Details

    FAQs

    What type of property is this?
    Retail space - Build-to-suit opportunity near major routes with ample frontage.
    Where is this retail space located?
    The property is located at 154 Sullivan Ave South Windsor, CT.
    What are key features of this property?
    This property features: Build‑to‑suit opportunity with custom‑designed space delivery.; Prime location: just 0.2 miles from the intersection of Sullivan Ave, Rye St, and RT‑5.; High visibility: boasts 900 ft of road frontage on a signalized intersection.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Phil Tartsinis
    Real Estate License ID: REB.0793912
    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

    Thank You for Inquiry
    154 Sullivan Ave, South Windsor, CT 06074
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!