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

    309 Talcottville Rd Vernon, CT 06066

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

    2.06 acre lot with 2,300 SF building for lease.

    Property Features for 309 Talcottville Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Matt Halprin
    Source: Crexi

    Listing Agency: New England Retail Properties Inc Listing Agent: Matt Halprin

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

    Learn more

    Overview

    Redevelopment Opportunity on 2.06 Acres

    This property presents an excellent redevelopment opportunity. It features a 2,300-square-foot building situated on a 2.06-acre lot. The property is suitable for retail, service, medical, or convenience-oriented businesses.
    Location Intelligence

    Current Use by Public Records

    Calla Lily's Gift ... (Bike/Boat/Book/etc) Store Calla Lily's Gifts (Bike/Boat/Book/etc) Store

    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
    Vernon
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.4907342
    Latitude
    41.8397031

    Nearby Similar for Lease

    • $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
    • $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
    • $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
    • $3,583 /Mo

      Adaptable Office/Retail Space Available

      Versatile 4,300 SF space in historic district, near hospital.
      33 W Main St, Vernon, CT 06066
      View Details
    • $12 SF/Yr
      3,000 SF

      Industrial Flex Space For Rent

      4,000 SF industrial flex space with office suite.
      77 Industrial Park Rd, Vernon, CT 06066
      View Details
    • $1,200 /Mo

      Retail/Office Space in Rockville

      Retail or office space available with ample parking.
      35 W Main St, Vernon, CT 06066
      View Details
    • $16 SF/Yr

      Vernon Office/Retail Space Available

      1,917 sq ft office/retail space with highway access.
      62 Hyde Ave, Vernon, CT 06066
      View Details
    • $5,000 /Mo

      Dealership Space on Route 30

      Former auto sales site with high visibility and expansive space.
      985 Hartford Tpke, Vernon, CT 06066
      View Details
    • $1,500 /Mo
      1,200 SF

      Commercial Unit on High-Traffic Corner

      Versatile 1200 sqft commercial unit in high-traffic area.
      903 Hartford Tpke, Vernon, CT 06066
      View Details
    • $3,583 /Mo
      4,300 SF

      Versatile Space in Historic District

      Adaptable 4300 SF unit in a high-traffic location.
      33 West Main St, Vernon, CT 06066
      View Details
    • $5,000 /Mo
      2,028 SF

      Dealership Space on Route 30

      Dealership space for lease on well-traveled Route 30.
      985 Hartford Tpke, Vernon, CT 06066
      View Details
    • $1,200 /Mo
      1,400 SF

      Retail/Office Space in Vernon Rockville

      Retail or office space with ample parking in historic district.
      35 West Main St, Vernon, CT 06066
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.06 acre lot with 2,300 SF building for lease.
    Where is this commercial land located?
    The property is located at 309 Talcottville Rd Vernon, CT.
    What are key features of this property?
    This property features: - Large 2.06 Acre Lot Size; - Excellent Redevelopment Opportunity; - Building Size: 2,300 SF
    Request Owner's contact information
    309 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.
    309 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
    309 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!
    Listing Contact
    Matt Halprin
    Real Estate License ID: CT 0292130
    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!