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

    98 Main St East Windsor, CT 06016

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,500 /Mo ($3 SF/Yr)

    Mixed-use property with retail and banquet hall space for lease.

    Property size:
    6,000 SF
    Lot size:
    0.46 Acres

    Property Features for 98 Main St

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Lot size
    0.46 Acres

    Building Details

    Year built
    1850

    We can help!

    Listing Contact
    Jonathan Hayes
    Source: Corcoran

    Listing Agency: Barile Realty Group Listing Agent: Jonathan Hayes

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

    Learn more

    Overview

    Mixed-Use Property in Broad Brook

    This mixed-use property is located in the heart of Broad Brook and is zoned B2, allowing for residential, commercial, and retail uses. The main level features three units, each offering 480 square feet of space, and two ADA-accessible bathrooms (men's and women's). Each unit is available for lease at $1500 per month. The second floor includes a large 3000 square foot cathedral-style banquet hall with skylights, previously used as an art studio. The entire building, totaling 6000 square feet, is also available for lease.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    East Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5465866
    Latitude
    41.9177504

    Nearby Similar for Lease

    • New
      $16 SF/Yr
      3,000 SF

      East Windsor Commercial Space Available

      3,000 SF space suitable for dance, office, medical, or retail.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • New
      $16 SF/Yr
      1,800 SF

      East Windsor Commercial Space Available

      1,800 SF office, medical, or retail space for lease.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • New
      $16 SF/Yr
      1,200 SF

      East Windsor Commercial Space Available

      1,200 SF retail, office, or medical space for lease.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • New
      $16 SF/Yr
      1,200 SF

      East Windsor Retail/Office/Medical Space

      1,200 SF space suitable for retail, office, or medical use.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • New
      $16 SF/Yr
      1,200 SF

      East Windsor Commercial Space Available

      1,200 SF space suitable for office, medical, or retail.
      2 North Rd, East Windsor, CT 06088
      View Details
    • New
      $16 SF/Yr
      1,080 SF

      East Windsor Commercial Space Available

      Versatile 1,080 SF space suitable for office, medical, or retail.
      2 North Rd, East Windsor, CT 06088
      View Details
    • New
      $1,750 /Mo
      1,312 SF

      East Windsor Commercial Space For Lease

      Commercial space for lease in high-traffic East Windsor location.
      25 S Main St Unit, East Windsor, CT 06088
      View Details
    • $2,000 /Mo

      Freestanding Office on Main Street

      Office space suitable for office or medical use for rent.
      90 S Main St, East Windsor, CT 06088
      View Details
    • $16 SF/Yr
      3,000 SF

      Versatile Retail/Office/Medical Space Available

      3,000 SF space suitable for retail, office, or medical use.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • $16 SF/Yr
      1,800 SF

      Versatile Space in East Windsor

      1,800 SF space suitable for office, medical, or retail.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • $2,200 /Mo

      East Windsor Commercial Space

      Move-in ready space for healthcare, wellness, or professional services.
      4 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • $2,750 /Mo

      Industrial Space with Overhead Doors

      3,000 sqft industrial space featuring double overhead doors.
      22 Wagner Ln, East Windsor, CT 06088
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail and banquet hall space for lease.
    Where is this mixed-use property located?
    The property is located at 98 Main St East Windsor, CT.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the Heart of Broad Brook.; - Zoned B2, allowing for residential, commercial, and retail use.; - Potential rental income from 3 downstairs units (480 sqft each) at $1500/month per unit.
    (860) 627-2885
    Request Owner's contact information
    98 Main St East Windsor, CT 06016
    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.
    98 Main St
    East Windsor, CT 06016
    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
    98 Main St East Windsor, CT 06016
    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
    Jonathan Hayes
    (860) 627-2885
    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!