Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Retail/Office Space Available Title is generated by Realmo AI

    29 Boston Post Rd, Madison, CT 06443

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Highly visible retail/office space with ample parking and private bathroom.

    Type:Retail, Office
    Added:
    May 3, 2024
    Days on Market:
    765
    Last Refresh:
    May 12 at 10:59 pm

    Property Features for 29 Boston Post Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Spaces For Lease

    at 29 Boston Post Rd Contact us

    $22/Mo

    Size
    900 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Susan Malan

    Listing agent Susan Malan License #CT 0801539

    Listing office William Pitt Sotheby's International

    Listing date May 3, 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 William Pitt Sotheby's International

    HighLights

    • Incredible visibility on Route 1/Boston Post Road
    • Ample parking available
    • Flexible layout suitable for office or retail use
    • Minutes from I‑95
    • Private bathroom included
    • Enjoy marsh views from the back deck

    Overview

    This office/retail space offers a flexible layout and has been freshly painted with newer wall-to-wall carpeting. The property benefits from significant visibility on Route 1/Boston Post Road and is located minutes from I-95. Ample parking is available. The unit includes a private bathroom and features marsh views from the back deck. An illuminated sign panel is included with the rental.
    Property Profile Location Intelligence

    Current Use by Public Records

    Autism Intervention Specialist Counselor Bancpoint Commercial Loan Service Psychic & Healing Center ... Spiritual Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.6450828
    Latitude
    41.2861147

    Nearby Similar for Lease

    • $750/Mo
      100 SF

      Commercial Space in Madison, CT

      Medium-sized room suitable for body work and therapy practices.
      147 Durham Road, Madison, CT 06443
      View Details
    • $700/Mo
      500 SF

      Downtown Madison Second Floor Office

      Bright 500 sq ft office space in downtown Madison.
      762 2nd flr Boston Post Rd 2 Room Office, Madison, CT 06443
      View Details
    • $750/Mo
      100 SF

      Versatile Room for Body Work

      Medium-sized room ideal for massage, Reiki, or ketamine therapy.
      147 Durham Road #STE 13, Madison, CT 06443
      View Details
    • $23 SF/Yr
      1,825 SF

      Madison Office Suite For Lease

      1825+/-SF office suite in downtown Madison's business district.
      64 Wall Street #150, Madison, CT 06443
      View Details
    • $1,650/Mo
      1,200 SF

      Madison Office Space For Rent

      Office space in downtown Madison with easy highway access.
      6 Samson Rock Drive, Madison, CT 06443
      View Details
    • $1,800/Mo
      1,200 SF

      Downtown Madison Office Space Available

      Office space in downtown Madison with easy access and parking.
      6 Samson Rock Drive #1H, Madison, CT 06443
      View Details
    • $20 SF/Yr
      1,760 SF

      Medical/Creative Office Suites For Rent

      Renovated medical and creative office suites available for lease.
      1353 Boston Post Road, Madison, CT 06443
      View Details
    • $1,500/Mo
      1,150 SF

      Madison Office Space For Rent

      Office space available for lease in Madison, Connecticut.
      762 Boston Post Road, Madison, CT 06443
      View Details
    • Contact for pricing
      1,921 SF

      Professional Office Space Available

      1,921 SF office space for lease near downtown Madison.
      90 Wall Street, Madison, CT 06443
      View Details
    • $2,600/Mo
      1,223 SF

      Downtown Retail Space For Lease

      Updated retail space in a classic building with parking.
      73 Wall St, Madison, CT
      View Details
    • $25 SF/Yr
      2,500 SF

      Professional Office Space in Madison

      Premier office space for lease in downtown Madison.
      724 Boston Post Rd, Madison, CT 06443
      View Details
    • Contact for pricing
      1,250 SF

      Office Spaces Near I-95

      Office units available for rent, convenient location near I-95.
      82 Bradley Rd, Madison, CT 06443
      View Details

    FAQs

    What type of property is this?
    Retail space - Highly visible retail/office space with ample parking and private bathroom.
    Where is this retail space located?
    The property is located at 29 Boston Post Rd Madison, CT.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Incredible visibility on Route 1/Boston Post Road; Ample parking available; Flexible layout suitable for office or retail use
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Susan Malan
    Real Estate License ID: CT 0801539
    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
    29 Boston Post Rd, Madison, CT 06443
    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!