Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    43 Franklin St East Hartford, CT 06108

    Sponsored
    For Lease
    $1,500 /Mo ($12 SF/Yr)

    COMMERCIAL - East Hartford, CT

    Property size:
    1,500 SF
    Lot size:
    0.40 Acres
    Days on Market:
    70
    Last Refresh:
    Feb 12 at 9:06 pm

    Property Features for 43 Franklin St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-3
    Parking
    12
    Size
    1,500 SF
    Lot size
    0.40 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Zoned
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1977
    Floors in Building
    1

    We can help!

    Listing Contact
    Teodora Rotaru

    Real Estate Advisory Group LLC (860) 305-7466

    Listing agent Teodora Rotaru (860) 783-5262

    Listing date Dec 5, 2025

    MLS# 24133801

    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.

    Learn more

    Property Insight Report

    Overview

    East Hartford Office Space Available

    This commercial space in East Hartford, Connecticut, offers 1500 square feet of office space for lease. The property is situated on a 0.4-acre lot and is zoned B-3. The available space is located within a building where the owner occupies approximately half of the premises. The lease is structured as a gross lease, offering flexibility. The property is suitable for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EveluxUSA Corporate Office Signal Service Inc Construction Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6275314
    Latitude
    41.781917

    Nearby Similar for Lease

    • $700 /Mo
      300 SF

      East Hartford Office Space Available

      Professional office space for rent with shared amenities.
      99 Ash St, East Hartford, CT 06108
      View Details
    • $14 SF/Yr
      2,500 SF

      East Hartford Office Suite For Rent

      Well-located 2,500 sq ft office suite with ample parking.
      1137 Main St, East Hartford, CT 06108
      View Details
    • $8,000 /Mo

      Turnkey Grocery Store East Hartford

      11,026 SF fully built-out grocery space for lease.
      1140 Burnside Ave, East Hartford, CT 06108
      View Details
    • $2,100 /Mo

      Move-in Ready 2-Bedroom Unit

      Well-maintained 2-bedroom unit with in-unit laundry and off-street parking.
      21 Oakwood St, East Hartford, CT 06108
      View Details
    • Contact for pricing
      515,000 SF

      East Hartford Industrial Space Available

      515,000 SF Manufacturing/Flex/Warehouse
      88 Long Hill St, East Hartford, CT 06108
      View Details
    • $120 SF/Yr
      30,415 SF

      East Hartford Multi-Use Commercial Space

      Versatile I-2 zoned space, multiple suites available.
      111 Roberts St, East Hartford, CT 06108
      View Details
    • $7 SF/Yr
      34,760 SF

      Prestige Park Office Space Available

      Modern Flex Space, 6,856 sq ft.
      22 Prestige Park Cir, East Hartford, CT 06108
      View Details
    • Contact for pricing
      182,970 SF

      Putnam Bridge Plaza Retail Space

      Prime Retail Center, 5,560 SF Available
      31 Main St, East Hartford, CT 06118
      View Details
    • Contact for pricing
      30,750 SF

      East Hartford Retail Space Available

      Retail spaces available in well-located East Hartford shopping center.
      940 Silver Ln, East Hartford, CT 06118
      View Details
    • $1,700 /Mo

      East Hartford Second Floor Apartment

      Two-bedroom, one-bath apartment in convenient East Hartford location.
      265 Burnside Ave, East Hartford, CT 06108
      View Details
    • $1,500 /Mo
      1,350 SF

      Remodeled Office Space with Utilities

      Class A office space for rent, utilities included.
      19 George St, East Hartford, CT 06108
      View Details
    • $18 SF/Yr
      62,000 SF

      East Hartford Office Space Available

      Prime East Hartford office, flexible suites.
      800 Connecticut Blvd, East Hartford, CT 06108
      View Details

    FAQs

    What type of property is this?
    Office space - 1500 SF office space for lease in East Hartford.
    Where is this office space located?
    The property is located at 43 Franklin St East Hartford, CT.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - 1500 sf office space available.; - Gross Lease with flexibility.; - Central Air conditioning.
    (860) 796-5618
    Request Owner's contact information
    43 Franklin St East Hartford, CT 06108
    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.
    43 Franklin St
    East Hartford, CT 06108
    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
    43 Franklin St East Hartford, CT 06108
    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

    We can help!
    Listing Contact
    Teodora Rotaru
    (860) 796-5618 (860) 783-5262
    Learn more
    Google sign-in failed. Please try again or use another login method.