Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    132 Main St, Unit lower level 1 Southington, CT 06489
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    132 Main St, Unit lower level 1 Southington, CT 06489

    View on Map
    • Banks
    • 12,064 SF
    • 1.03 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Downtown Southington Office Suite For Lease
    $20 SF/Yr
    300 SF

    Downtown Southington Office Suite

    Office for Lease with Walk in Vault

    132 Main St, Unit Lower Level 1, Southington, CT 06489
    View Listing
    Property ID
    US15-0114986
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $520,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Marinosci Law Group, PC / Law Firm
    • Therese Lise / Alternative Medicine Practice / Spa & Massage Center
    • Positive Living Center / Physician / Alternative Medicine Practice
    • Energy Healing | Practical Energy Medicine / Physician / Alternative Medicine Practice
    • Lotus Moon Studios / Alternative Medicine Practice

    Property Details for 132 Main St

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.03 lot acres
    Property size
    12,064 SF
    Zone code
    CB
    Property type
    Banks
    APN
    SOUT M:100 L:036
    APU
    SOUTM100L036

    Description

    This exceptional 2,100-square-foot Class A office space is available for lease in downtown Southington, Connecticut. Located at 132 Main St, 06489, this unit boasts high-end wood finishes, brand new vinyl flooring, and fresh paint. The space features a large main room, three private offices, a reception area, and ample storage. Enjoy a dedicated entrance directly from a large parking lot (50+ spaces), a private half bathroom, 24/7 access with electronic keypad locks, and security cameras. Common areas have been recently renovated (2024), and the space includes energy-efficient HVAC. The building and unit bathroom are ADA compliant. This versatile space is ideal for various uses, including retail or office. Additional storage space is available in the lower level. The monthly rent is $2,550. The building totals 14,000 square feet with 3,000 square feet currently vacant. This is a multiple tenancy building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $578,000
      Market price range: $578k - $1.55M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Southington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8789
    Latitude
    41.5997
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,883
    $113,560
    $574,290
    $687,850
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      888 Queen St

      FINANCIAL BUILDING • 2,400 SF
      888 Queen St, Southington, CT 06489-1235
      View Details
    • Value Estimation by Request
      5,284 SF

      158 Main St

      FINANCIAL BUILDING • 5,284 SF
      158 Main St, Southington, CT 06489-2514
      View Details
    • Value Estimation by Request
      429 SF

      30 Berlin Ave

      FINANCIAL BUILDING • 429 SF
      30 Berlin Ave, Southington, CT 06489
      View Details
    • Value Estimation by Request
      840 SF

      17 Ctr Pl

      FINANCIAL BUILDING • 840 SF
      17 Ctr Pl, Southington, CT 06489
      View Details
    • Value Estimation by Request
      4,000 SF

      359 Queen St

      Individual retail properties • 4,000 SF
      359 Queen St, Southington, CT 06489
      View Details
    • Value Estimation by Request
      10,574 SF

      121 Main St

      FINANCIAL BUILDING • 10,574 SF
      121 Main St, Southington, CT 06489-2505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,481 SF

      Versatile Office/Retail Space For Sale

      Office/Retail space with modern industrial charm, commuter access, parking.
      56 Center St, Southington, CT 06489
      View Details
    • Contact for pricing
      14,581 SF

      Southington Walgreens NNN Investment Opportunity

      Walgreens NNN lease with 4 years remaining in Southington.
      359 Main St, Southington, CT 06489
      View Details
    • Contact for pricing
      49,108 SF

      Southington Retail and Office Investment

      Multi-tenant retail and office property in Southington, Connecticut.
      29 N Main St, Southington, CT 06489
      View Details
    • Contact for pricing
      1,700 SF

      Prime Retail/Office Space Available

      High-visibility commercial space in a bustling Hartford County location.
      474 North Main St, Southington, CT 06489
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,665 SF

      Prime Southington Retail/Office Space

      1,665 SF space in a high-traffic Southington location.
      360 North Main St, Southington, CT 06489
      View Details
    • Contact for pricing
      1,869 SF

      Historic Mill Retail/Office Space

      Renovated retail/office space in downtown Southington.
      168 Center St, Southington, CT 06489
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space on Queen Street

      High-visibility retail space with strong demographics and easy highway access.
      166 Queen St, Southington, CT 06489
      View Details
    • Contact for pricing
      3,404 SF

      Retail Space in Shop Rite Plaza

      Retail space for lease in a busy shopping center.
      720-774 Queen St, Southington, CT 06489
      View Details
    • $1,650 /Mo
      1,180 SF

      Retail Space on Busy Route

      Retail space with high visibility and easy highway access.
      1783 Meriden Waterbury Tpke, Southington, CT 06489
      View Details
    • $18 SF/Yr
      1,989 SF

      Downtown Southington Retail Space

      Prime retail space in Southington's thriving downtown district.
      83 Center Street Ext, Southington, CT 06489
      View Details
    View Listing
    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.
    132 Main St, Unit lower level 1
    Southington, CT 06489
    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
    132 Main St, Southington, CT, 06489
    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!