Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    99 Elm St Enfield, CT 06082
    Back to Search
    Property profile & analytics

    99 Elm St Enfield, CT 06082

    View on Map
    • Neighborhood centers
    • 49,048 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Famous Footwear / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store

    Property Details for 99 Elm St

    Property size
    49,048 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Elm Plaza, located at 99 Elm Street in Enfield, Connecticut (zip code 06082), offers exceptional retail space for lease. This Hartford County property is a multi-tenant strip center totaling 49,048 square feet, currently featuring two suites. A significant opportunity exists with 5,000 square feet of vacant space immediately available. The minimum leasable area is 2,000 square feet, with a maximum contiguous space of 3,000 square feet, making it ideal for a variety of retail businesses. The property boasts ample parking, providing 750 spaces for customers and employees. The property's prime location in Enfield, CT offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for patrons. This is a fantastic opportunity to establish or expand your retail presence in a thriving Connecticut community. The property is classified as Retail, Subtype Shop, Strip Center. Interested parties should inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Enfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5833
    Latitude
    41.9989

    Comparable in this City

    • Value Estimation by Request
      214,030 SF

      10-38 Hazard Ave

      Lifestyle centers • 214,030 SF
      10-38 Hazard Ave, Enfield, CT 06082
      View Details
    • Value Estimation by Request
      10,640 SF

      181 Raffia Rd

      Individual retail properties • 10,640 SF
      181 Raffia Rd, Enfield, CT 06082
      View Details
    • Value Estimation by Request
      1,305 SF

      780 Enfield St

      Retail properties & Spaces • 1,305 SF
      780 Enfield St, Enfield, CT 06082
      View Details
    • Value Estimation by Request
      4,000 SF

      96 Alden Ave

      Retail properties & Spaces • 4,000 SF
      96 Alden Ave, Enfield, CT 06082
      View Details
    • Value Estimation by Request
      2,520 SF

      10 Cranbrook Blvd

      Automotive properties • 2,520 SF
      10 Cranbrook Blvd, Enfield, CT 06082
      View Details
    • Value Estimation by Request
      3,268 SF

      100 Elm St

      SHOW ROOM, WAREHOUSE • 3,268 SF
      100 Elm St, Enfield, CT 06082-3732
      View Details

    Similar Nearby for Sale

    • $35,000

      Retail Business Opportunity For Sale

      Retail business for sale including all materials, inventory, and equipment.
      93 Raffia Rd, Enfield, CT 06082
      View Details
    • Contact for pricing
      7,790 SF

      Enfield Retail Strip Center Investment

      Three-tenant retail strip center in Enfield, Connecticut for sale.
      841 Enfield St, Enfield, CT 06082
      View Details
    • $599,999
      3,170 SF

      Established Salon on High-Traffic Road

      Fully upgraded hair and beauty salon with long-term lease.
      651 Enfield St, Enfield, CT 06082
      View Details
    • $999,900
      20,779 SF

      High-Visibility Commercial Property For Sale

      20,779 sq ft commercial property with high traffic exposure.
      66 Enfield St, Enfield, CT 06082
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,300 SF

      Retail Space in Enfield, CT

      Retail space available in shopping center with ample parking.
      95 Elm St, Enfield, CT 06082
      View Details
    • Contact for pricing
      1,577 SF

      Retail Space in Enfield Corridor

      Retail space available in high-traffic Enfield retail corridor.
      153 Elm St, Enfield, CT 06082
      View Details
    • Contact for pricing
      3,070 SF

      Retail Space in Enfield Square

      Retail space available in a prominent location off I-91.
      9 Hazard Ave, Enfield, CT 06082
      View Details
    • $13 SF/Yr
      39,897 SF

      Retail Spaces in Scitico Plaza

      Retail and former salon spaces available in busy shopping plaza.
      585 Hazard Ave, Enfield, CT 06082
      View Details
    • Contact for pricing

      Retail Space in Enfield, CT

      Retail spaces available near major retailers with ample parking.
      99 Elm St, Enfield, CT 06082
      View Details
    • $13 SF/Yr

      Retail Spaces in Scitico Plaza

      Retail spaces for lease in a busy shopping plaza.
      585 Hazard Ave, Enfield, CT 06082
      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.
    99 Elm St
    Enfield, CT 06082
    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
    99 Elm St, Enfield, CT, 06082
    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!