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

    380 Talcottville Rd Vernon, CT 06066

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime CT Commercial Land: Build-to-Suit Opportunity

    Property Features for 380 Talcottville Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Spaces For Lease

    at 380 Talcottville Rd, Vernon, CT 06066 Contact us

    We can help!

    Listing Contact
    Carl Berman
    Carl Berman

    Listing Agency: ELITE Commercial Real Estate Services, LLC Listing Agent: Carl Berman

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 5.631-acre commercial land parcel in Vernon, Connecticut, presents a unique investment opportunity. Located at 380 Talcottville Rd, 06066, this property boasts a highly visible 406-foot frontage on Route 83, ensuring excellent exposure for any development. The site is zoned for commercial use and offers a single-tenant occupancy. The land itself encompasses 2.7 acres of developable space, complemented by two approved pad sites ready for immediate construction. One pad site measures 4,000 square feet, while the other is a more substantial 8,000 square feet. This strategic location within Tolland County places the property in a thriving commercial area, enjoying easy access and high visibility. The property benefits from a signalized entrance, further enhancing its accessibility and appeal. The existing infrastructure and approved pad sites significantly reduce development time and costs, making this an attractive proposition for businesses seeking a turnkey solution or developers looking for a quick return on investment. This is an exceptional opportunity to establish a presence in a high-traffic area with significant potential for growth. The property is available for sale, lease, or build-to-suit arrangements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernon
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.4877494
    Latitude
    41.8432423

    Nearby Similar for Lease

    • New
      $1,500 /Mo
      1,200 SF

      Vernon Commercial Space For Lease

      Commercial unit in high-traffic area suitable for various businesses.
      903 Hartford Tpke, Vernon, CT 06066
      View Details
    • New
      $900 /Mo
      600 SF

      Commercial Space on Route 83

      Commercial space for lease on highly trafficked Route 83.
      624 Talcottville Rd, Vernon, CT 06066
      View Details
    • New
      $750 /Mo
      550 SF

      Commercial Space on Route 83

      Retail/office space on a high-traffic road with parking.
      624 Talcottville Rd, Vernon, CT 06066
      View Details
    • Contact for pricing
      2,300 SF

      Retail Space with High Visibility

      Retail space with high traffic and easy access.
      309 Talcottville Rd, Vernon Rockville, CT 06066
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space Near I-84 Ramp

      Retail space in a high-traffic Vernon shopping center.
      135 Talcottville Rd, Vernon, CT 06066
      View Details
    • Contact for pricing
      12,000 SF

      Retail Pad Sites Available

      Pad sites for lease or sale, 3,000-12,000 SF units.
      243 Talcottville Rd, Vernon, CT 06066
      View Details
    • Contact for pricing
      900 SF

      Professional Office Suites For Rent

      Multiple office suites available in a highly visible location.
      281 Hartford Tpke, Vernon Rockville, CT 06066
      View Details
    • Contact for pricing
      3,400 SF

      Retail Space Near Parks, Lakes

      Retail spaces available near parks, lakes, and trail system.
      253-273 Talcottville Rd, Vernon, CT 06066
      View Details
    • $1,950 /Mo

      Half-Duplex Rental with Modern Amenities

      Newly finished 2-bedroom half-duplex with modern features for rent.
      6 Morrison Street Ext, Vernon, CT 06066
      View Details
    • $1,300 /Mo

      Remodeled Apartment in Historic Rockville

      Recently remodeled 3-room apartment with modern features and parking.
      94 W Main St, Vernon, CT 06066
      View Details
    • $1,500 /Mo

      Updated 2 Bedroom Unit

      Newly updated 2 bedroom unit with easy highway access.
      23 Ward St, Vernon, CT 06066
      View Details
    • Contact for pricing
      15,000 SF

      Versatile Retail/Office Space Available

      15,000 SF retail/office space with ample parking.
      295 Talcottville Rd, Vernon Rockville, CT 06066
      View Details

    FAQs

    What type of property is this?
    Land - Prime CT Commercial Land: Build-to-Suit Opportunity
    Where is this land located?
    The property is located at 380 Talcottville Rd Vernon, CT.
    What are key features of this property?
    This property features: Sale, lease, or build-to-suit options available.; Two approved pad sites: 4,000 SF and 8,000 SF.; 2.7-acre development site.
    (877) 327-3755 Call to check price and availability
    Request Owner's contact information
    380 Talcottville Rd Vernon, CT 06066
    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.
    380 Talcottville Rd
    Vernon, CT 06066
    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
    380 Talcottville Rd Vernon, CT 06066
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Carl Berman
    Carl Berman
    Real Estate License ID: REB.0795185
    (877) 327-3755 (860) 841-3821
    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!