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Property profile & analytics
OFF-MARKET
Neighborhood centers

188 Westminster Rd Canterbury, CT 06331

12,000 SF Built 2006
Property ID
Property summary
AI-generated overview

This exceptional Canterbury, CT commercial property, located at 188 Westminster Rd, offers a prime opportunity for businesses seeking flexible office space. The single-story, 12,000 square foot building, constructed in 2006, is classified as Class B and sits on a 2.33-acre lot. The property features a convenient "VC Village Commercial" zoning designation and boasts ample parking with 50 spaces. Currently, 4,000 square feet of space is available, divisible into units as small as 1,000 square feet, with a maximum contiguous space of 4,000 square feet. Five contiguous 1,000 square foot units are available. The building offers central air conditioning and is handicapped-accessible. This retail and office space is part of Knollwood Plaza, a modern retail plaza anchored by a new Cumberland Farms, experiencing an average daily traffic count of 6,800 vehicles. Rental rates are competitive, starting at $900 per month plus utilities for a 1,000 square foot unit and $1,650 per month plus utilities for a 2,000 square foot unit. Rates for spaces over 2,000 square feet are negotiable. The landlord may consider a relocation subsidy for established businesses. This property presents a compelling opportunity for businesses seeking a well-located, versatile, and amenity-rich office space in a thriving commercial area.

Property profile
Verified
Property type Neighborhood centers
Year built 2006
Total area 12,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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