Add Listing
    For Lease
    • 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

    10 Bokum Road Essex, CT 06426

    View on Map
    Claim this Listing
    For Lease
    $10 SF/Yr

    COMMERCIAL - Essex, CT

    Property size:
    9,864 SF
    Added:
    May 1, 2025
    Days on Market:
    353
    Last Refresh:
    Apr 18 at 8:06 am

    Property Features for 10 Bokum Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    RLC
    Exterior features
    Lighting
    Standard status
    Active
    Size
    9,864 SF

    Utilities

    Utilities
    Cable Available, Phone Available
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1830
    Floors in Building
    2

    We can help!

    Listing Contact
    Susan Malan
    Susan Malan

    Listing agent Susan Malan License #0801539

    Listing office William Pitt Sotheby's Int'l 13 Main Street, Stamford, CT

    Listing date May 1, 2025

    MLS# 24092242

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Essex Office Space For Rent

    Located in Essex, this office space offers approximately 3,956 square feet on the second floor. The property features a flexible floor plan with a variety of options and ample parking. Its location provides proximity to Route 9 and Route 95. The space benefits from abundant natural light due to numerous windows. Neighboring properties include medical offices. The property is within walking distance of the Scotch Plains Tavern, a pharmacy, and a fitness facility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Soundings Publications Publishing House Intrepid Powerboats (Bike/Boat/Book/etc) Store Hudson, Kilby and McCauley, ... Law Firm Power & Motoryacht Magazine Publishing House Woodshop News Publishing House

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.4128138
    Latitude
    41.3388933

    Nearby Similar for Lease

    • Contact for pricing

      Distinctive Office Space in Essex

      First-floor office with river views in historic Essex Village.
      8 Novelty Lane, Essex, CT 06426
      View Details
    • $13/mo

      Historic Office Building in Essex

      Unique office space with river views and historic charm.
      31 N Main Street, Essex, CT 06426
      View Details
    • $10/mo

      Essex Office Space For Rent

      First floor office space in prime Essex location.
      10 Bokum Road, Essex, CT 06426
      View Details
    • $7/mo

      Essex Commercial Space For Lease

      Industrial, warehouse, and office space with ample parking available.
      11-C Bokum Road, Essex, CT 06426
      View Details
    • Contact for pricing

      Downtown Ivoryton Office Space Available

      Office space for lease in downtown Ivoryton with great visibility.
      108 Main Street, Essex, CT 06442
      View Details
    • Contact for pricing

      Historic Building in Ivoryton space available

      525 SF space for lease in historic Ivoryton. Available 2026.
      104 Main St, Unit #3, Essex, CT 06442
      View Details
    • Contact for pricing

      First-Floor Office Space in Essex

      Bright office space in historic Essex Village with river views.
      8 Novelty Ln, Essex, CT 06426
      View Details
    • Contact for pricing

      Commercial Storefront in Mapleridge Center

      Commercial storefront in premier Essex location with modification potential.
      33 Main St 2, Essex, CT 06442
      View Details
    • Contact for pricing

      Essex Village Office Space

      First-floor office with river views in historic Essex Village.
      8 Novelty Lane, Essex, CT 06426
      View Details
    • Contact for pricing

      Renovated Office Space in Essex

      Bright, open office space in the heart of Essex Village.
      5 Essex Square unit: 2B, Essex, CT 06426
      View Details
    • $14/mo

      Essex Commercial Space For Lease

      Highly visible Essex commercial space suitable for multiple uses.
      192 Westbrook Road, Essex, CT 06426
      View Details
    • Contact for pricing

      Main Street Office/Retail Space

      Office/Retail space in Centerbrook, renovated with separate entrances.
      3 Main Street, Essex, CT 06409
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in prime Essex location with flexible floor plan.
    Where is this office units located?
    The property is located at 10 Bokum Road Essex, CT.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Essex with proximity to Route 9 and Route 95.; Approximately 3,956 sf of office space.; Ample parking.
    (617) 645-4392
    We can help!
    Listing Contact
    Susan Malan
    Susan Malan
    Real Estate License ID: 0801539
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!