Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    35 Northridge Dr Windham, CT 06256
    Back to Search
    Property profile & analytics

    35 Northridge Dr, Windham, CT 06256

    View on Map
    • Land
    • 38.97 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 35 Northridge Dr

    Lot size
    38.97 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering in Windham, Connecticut presents a rare opportunity for development. Comprising two parcels, totaling 38.97 acres (5.75 acres and 1.85 acres), this property boasts a highly desirable C-4 zoning designation, opening doors to a wide range of commercial uses. The land is strategically located at 35 Northridge Drive, 06256, in Windham County, offering unparalleled visibility and accessibility. Its prime location on busy Route 6, situated between Willimantic and Putnam, ensures high traffic volume and excellent exposure. The property enjoys a coveted position within the largest retail center in the Windham-Mansfield area, directly adjacent to established businesses such as Home Depot, Walmart, and Ruby Tuesday's, creating a synergistic environment for potential development. This established commercial power center setting and site layout provides a strong foundation for a variety of projects, including potential mixed-use developments. The property's APN is 1475, 1476 & 1477. This is a truly exceptional opportunity to capitalize on a high-traffic location with significant development potential in a thriving commercial area. Don't miss this chance to secure a prime piece of Connecticut real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Windham
    County
    Windham
    State
    Connecticut
    Longitude
    -72.1721
    Latitude
    41.739

    Comparable in this City

    • Value Estimation by Request
      0.87 Acres

      19 Crystal Rd

      Land
      19 Crystal Rd, Windham, CT 06256
      View Details
    • Value Estimation by Request
      23.00 Acres

      9 Northridge Dr

      Land
      9 Northridge Dr, Windham, CT 06256
      View Details
    • Value Estimation by Request
      2.64 Acres

      351 Boston Post Rd

      COMMERCIAL (GENERAL)
      351 Boston Post Rd, North Windham, CT 06256-1037
      View Details
    • Value Estimation
      $1,195,000
      4,862 SF

      184 Clb Rd

      SHOW ROOM, WAREHOUSE
      184 Clb Rd, North Windham, CT 06256-1308
      View Details
    • Value Estimation
      $2,070,000
      6,776 SF

      320 Boston Post Rd

      SHOW ROOM, WAREHOUSE
      320 Boston Post Rd, North Windham, CT 06256-1008
      View Details
    • Value Estimation by Request
      3,061 SF

      577 Boston Post Rd

      SHOW ROOM, WAREHOUSE
      577 Boston Post Rd, North Windham, CT 06256-1080
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Approved Multifamily Development Project

      Approved 136-unit multifamily development project near universities.
      9 Northridge Dr, Windham, CT 06256
      View Details
    • Contact for pricing

      Commercial Land with High Visibility

      Commercial land with high visibility and convenient highway access.
      11-19 Crystal Rd, Windham, CT 06256
      View Details
    • $1,500,000

      Approved Car Wash Development Site

      1.15-acre development site approved for a car wash.
      322 Boston Post Rd, North Windham, CT 06256
      View Details
    • Contact for pricing

      Commercial Land Near Aldi's

      0.87 acre commercial land for sale, ideal for development.
      19 Crystal Rd, Windham, CT 06256
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space on Boston Post

      Retail space available for lease on Boston Post Road.
      351 Boston Post Rd, Windham, CT 06256
      View Details
    • $2,000 /Mo
      1,500 SF

      Retail Space in Shopping Center

      1500 SF retail space with ample parking and lavatory.
      319 Boston Post Rd, Windham, CT 06256
      View Details
    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.
    35 Northridge Dr
    Windham, CT 06256
    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
    35 Northridge Dr, Windham, CT, 06256
    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!