188 Westminster Rd Canterbury, CT 06331
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.