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

    370 Main St Durham, CT 06422

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

    Retail space available, approximately 1,350 square feet.

    Property Features for 370 Main St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Nicholas Morizio
    Nicholas Morizio
    Source: Crexi

    Listing Agency: Colliers - Hartford, Connecticut Listing Agent: Nicholas Morizio

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

    Learn more

    Overview

    Retail Space Available For Rent

    The property at 470 Main Street features a retail space of approximately 1,350 square feet. It is located next to The Whole Enchilada Mexican Restaurant.
    Location Intelligence

    Current Use by Public Records

    The Whole Enchilada Restaurant New England Homes ... Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.681872
    Latitude
    41.486268

    Nearby Similar for Lease

    • $2,500 /Mo
      2,500 SF

      Versatile Commercial Space in Durham

      Flexible space in Durham Center, ideal for various businesses.
      350 Main St, Durham, CT 06422
      View Details
    • $5,000 /Mo
      5,000 SF

      Versatile Commercial Space in Durham

      Flexible commercial space in central Durham, ideal for various businesses.
      350 Main St, Durham, CT 06422
      View Details
    • $975 /Mo
      900 SF

      Durham Commercial Space For Rent

      900 sq ft commercial space in Durham, CT for rent.
      350 Main St, Durham, CT 06422
      View Details
    • $513 /Mo
      1,020 SF

      Downtown Durham Retail Space Available

      Retail spaces for rent in downtown Durham with parking.
      16 Main St, Durham, CT 06422
      View Details
    • $2,500 /Mo
      2,500 SF

      Versatile Commercial Space in Durham

      Flexible commercial space in Durham Center, ideal for various businesses.
      350 Main St, Durham, CT 06422
      View Details
    • $5,000 /Mo
      5,000 SF

      Versatile Commercial Space in Durham

      Flexible commercial space in Durham Center, ideal for various businesses.
      350 Main St, Durham, CT 06422
      View Details
    • Contact for pricing
      1,700 SF

      Industrial Flex Space For Rent

      3,400± SF industrial flex space with office and warehouse.
      42 Ozick Dr, Durham, CT 06422
      View Details
    • Contact for pricing
      3,500 SF

      Industrial Flex Space For Rent

      2,000-6,000± SF industrial flex space available for lease.
      51 Ozick Dr, Durham, CT 06422
      View Details
    • Contact for pricing

      Former Bank Building for Lease

      Office/retail space in a former bank building.
      376 Main St, Durham, CT 06422
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space on Main Street

      Retail space available in Durham, Connecticut, with parking.
      370 Main St, Durham, CT 06422
      View Details
    • Contact for pricing
      3,328 SF

      Former Bank Building Office/Retail Space

      Office/retail space in a former bank building with parking.
      376 Main St, Durham, CT 06422
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available, approximately 1,350 square feet.
    Where is this retail space located?
    The property is located at 370 Main St Durham, CT.
    What are key features of this property?
    This property features: - Retail space available.; - Located at 470 Main Street.; - Space is ±1,350 sf.
    (860) 616-4022
    Request Owner's contact information
    370 Main St Durham, CT 06422
    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.
    370 Main St
    Durham, CT 06422
    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
    370 Main St Durham, CT 06422
    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!
    Listing Contact
    Nicholas Morizio
    Nicholas Morizio
    Real Estate License ID: REB.0480628
    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!