Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1266 Storrs Rd Mansfield, CT 06268

    • Retail properties
    • 139,707 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1266 Storrs Rd

    Property size
    139,707 SF
    Property type
    Retail properties

    Description

    Located at 1266 Storrs Road in Storrs Mansfield, Connecticut (zip code 06268), Storrs Center II offers exceptional retail space for lease in Tolland County. This multi-tenant property boasts a total of 139,707 square feet, with 11,133 square feet currently vacant and available for immediate occupancy. Units range from a minimum of 2,000 square feet to a maximum contiguous space of 3,912 square feet, providing flexibility for businesses of various sizes. The property's prime location in the vibrant Storrs Mansfield area ensures high visibility and accessibility for customers. The property is classified as retail, offering a fantastic opportunity for businesses seeking a well-established and thriving retail environment. The address is easily accessible and benefits from strong local foot traffic and convenient parking. This is an ideal location for businesses looking to establish a presence in a growing community. Interested parties are encouraged to inquire about available spaces and lease terms. The property is situated at latitude 41.8052638 and longitude -72.2543138.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.2543
    Latitude
    41.8053

    Comparable in this City

    • Value Estimation by Request
      1,320 SF

      1019 Stafford Rd

      Individual retail properties • 1,320 SF
      1019 Stafford Rd, Mansfield, CT 06268
      View Details
    • Value Estimation by Request
      2,004 SF

      887 Stafford Rd

      Restaurants • 2,004 SF
      887 Stafford Rd, Mansfield, CT 06268
      View Details
    • Value Estimation by Request
      174,000 SF

      195 Dog Ln Rte

      Retail properties • 174,000 SF
      195 Dog Ln Rte, Mansfield, CT 06268
      View Details
    • Value Estimation by Request
      12,551 SF

      1717 Storrs Rd

      Retail properties • 12,551 SF
      1717 Storrs Rd, Mansfield, CT 06268
      View Details
    • Value Estimation by Request
      1,588 SF

      644 Middle Tpke

      SHOW ROOM, WAREHOUSE • 1,588 SF
      644 Middle Tpke, Storrs Mansfield, CT 06268-1308
      View Details
    • Value Estimation by Request
      7,888 SF

      34 Professional Park Rd

      SHOW ROOM, WAREHOUSE • 7,888 SF
      34 Professional Park Rd, Storrs Mansfield, CT 06268-1659
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,953 SF

      Retail Property Near UConn Tech

      Retail property in opportunity zone near UConn Technology Park.
      575 Middle Tpke, Storrs Mansfield, CT 06268
      View Details
    • $449,900

      Storrs Heights Specialty Property

      Specialty property available for sale in Mansfield, CT.
      9 Storrs Heights Rd, Storrs Mansfield, CT 06268
      View Details
    • $88,000

      Remodeled Mobile Home Near UConn

      Remodeled mobile home in Mansfield, minutes from UConn.
      35 Fern Dr, Storrs Mansfield, CT 06268
      View Details
    • $595,000

      Mansfield Specialty Property For Sale

      Specialty property available for purchase in Mansfield, Connecticut.
      685 Wormwood Hill Rd, Mansfield, CT 06268
      View Details
    • $149,900

      New Ranch Home in Park

      Two-bedroom, two-bath ranch-style home in Valley View Mobile Home Park.
      28 Barlow Dr, Storrs Mansfield, CT 06268
      View Details
    • $69,900

      Cozy Mobile Home in Mansfield

      2-bedroom mobile home near UConn, shopping, and restaurants.
      20 Barlow Dr, Storrs Mansfield, CT 06268
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      174,000 SF

      Storrs Center Retail Space Available

      Prime Mansfield, CT retail center near UConn.
      0 Dog Ln Rte 195, Mansfield, CT 06268
      View Details
    • Contact for pricing
      139,707 SF

      Storrs Center II Retail Space

      Prime Mansfield Retail, Multiple Units Available
      1266 Storrs Rd, Mansfield, CT 06268
      View Details
    • $25 SF/Yr
      881 SF

      Prime Retail Space in Mansfield

      881 SF retail space in new development near UConn.
      1717 Storrs Rd, Mansfield, CT 06268
      View Details
    • $25 SF/Yr
      12,551 SF

      Retail Space Near UConn

      Retail space available in a large development near UConn.
      1717 Storrs Rd, Mansfield, CT 06268
      View Details
    • $25 SF/Yr
      1,382 SF

      Prime Retail Space in Mansfield

      Retail space available in new development near UConn.
      1717 Storrs Rd, Mansfield, CT 06268
      View Details
    • $25 SF/Yr
      1,423 SF

      Prime Retail Space in Mansfield

      Retail space for lease in a high-traffic UConn adjacent development.
      1717 Storrs Rd, Mansfield, CT 06268
      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.
    1266 Storrs Rd
    Mansfield, CT 06268
    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

    Google sign-in failed. Please try again or use another login method.