Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Construction Commercial Space Title is generated by Realmo AI

    33 Old Tavern Road, Orange, CT 06477

    View on Map
    Claim this Listing
    For Lease
    $25 SF/Yr $6,875/Mo (calc)

    COMMERCIAL - Orange, CT

    Property size:
    3,300 SF
    Added:
    Jul 17, 2025
    Days on Market:
    312
    Last Refresh:
    May 24 at 7:06 am

    Property Features for 33 Old Tavern Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    lsc
    Standard status
    Active
    Size
    3,300 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    1

    We can help!

    Listing Contact
    Robert Benedetto

    Listing agent Robert Benedetto

    Listing office Property World 962 Boston Post Road, Milford, CT

    Listing date Jul 17, 2025

    MLS# 24112551

    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.

    HighLights

    • New construction built in 2024
    • Move‑in ready condition
    • 3300 SF space
    • Includes kitchen
    • Two handicapped accessible bathrooms
    • Suitable for a variety of businesses (pharmacy, medical, law, retail, etc.)

    Overview

    This is a new construction commercial space offering 3300 square feet. The space is available for lease at $25.00 per square foot, with additional nets of $5.00. The layout includes a kitchen and two handicapped-accessible bathrooms. The property is zoned LSC and is move-in ready. It is suitable for a pharmacy, medical testing facility, law office, cell phone or electronics store, florist, gift shop, doctor, dentist, spa, or architect and engineering offices. The property is located in Orange, Connecticut, in New Haven County.
    Property Profile Location Intelligence

    Current Use by Public Records

    China Wok Restaurant Firelite Commons Apartment Complex

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0021265
    Latitude
    41.2682769

    Nearby Similar for Lease

    • $12 SF/Yr
      38,914 SF

      Prime Office Suites in Orange

      High-traffic location, ideal for professional services near major routes.
      109 Boston Post Road, Orange, CT 06477
      View Details
    • $18 SF/Yr
      3,160 SF

      Retail Space on Boston Post

      Highly visible retail space on heavily traveled Boston Post Road.
      449 Boston Post Rd, Orange, CT 06477
      View Details
    • $18 SF/Yr
      3,132 SF

      Renovated End-Cap Retail Space

      3,132 SF renovated commercial space in high-traffic strip mall.
      236 Boston Post Rd 5, Orange, CT 06477
      View Details
    • $6,500/Mo
      3,175 SF

      Restaurant Opportunity on Boston Post

      Restaurant space in high-traffic retail corridor with ample parking.
      199 Boston Post Rd, Orange, CT 06477
      View Details
    • $20 SF/Yr
      30,360 SF

      Professional Office Space For Rent

      Professional office space available in high-traffic Orange location.
      325 Boston Post Road, Orange, CT 06477
      View Details
    • $30 SF/Yr
      3,000 SF

      Retail Space with Drive-Thru

      Prime corner retail space with drive-thru in Orange, CT.
      33 Old Tavern Road, Orange, CT 06477
      View Details
    • $18 SF/Yr
      3,132 SF

      Renovated End-Cap Commercial Space

      Modern, high-traffic commercial space suitable for medical, professional, or retail.
      236 Boston Post Road #1, Orange, CT 06477
      View Details
    • $12 SF/Yr
      800 SF

      Prime Office Space Available

      Office suites available in high-traffic location on Boston Post.
      109 Boston Post Rd, Orange, CT 06477
      View Details
    • $20 SF/Yr
      1,530 SF

      Prime Commercial Space in Orange

      High-traffic location ideal for medical or professional use.
      236 Boston Post Road #2a, Orange, CT 06477
      View Details
    • $8 SF/Yr
      9,500 SF

      Updated Office Flex Space Available

      Modern office flex space near I-95 and Boston Post Road.
      45 Connair Road, Orange, CT 06477
      View Details
    • $20 SF/Yr
      1,681 SF

      Prime Retail Space on Route 1

      High-visibility storefront in a busy, high-traffic commercial corridor.
      200 Boston Post Road #3, Orange, CT 06477
      View Details
    • $12 SF/Yr
      38,914 SF

      Prime Office Suites Available

      Office suites available in high-traffic location on Boston Post Road.
      109 Boston Post Road, Orange, CT 06477
      View Details

    FAQs

    What type of property is this?
    Office units - 3300 SF commercial space suitable for various businesses.
    Where is this office units located?
    The property is located at 33 Old Tavern Road Orange, CT.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: New construction built in 2024; Move‑in ready condition; 3300 SF space
    (203) 901-8376
    We can help!
    Listing Contact
    Robert Benedetto
    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

    Thank You for Inquiry
    33 Old Tavern Road, Orange, CT 06477
    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!