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 Summit St, Unit 7 East Hampton, CT 06424

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,600 /Mo ($21 SF/Yr)

    Adaptable commercial space in East Hampton's heart, suitable for various uses.

    Property size:
    900 SF
    Lot size:
    900 SF

    Property Features for 10 Summit St

    General Information

    Standard status
    Active
    Size
    900 SF

    Building Details

    Year built
    1910

    We can help!

    Listing Contact
    Alyssa Gambell
    Source: Corcoran

    Listing Agency: William Raveis Real Estate Listing Agent: Alyssa Gambell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Commercial Unit in Downtown

    Located on the first floor in downtown East Hampton, this 900 square-foot commercial unit offers a flexible layout to suit various business needs. The space can accommodate up to two smaller offices and a reception area, or it can be configured as one open space. It is suitable for office, studio, or professional use. Heat and hot water are included in the rent. Ample on-site parking is available in the building's private lot. Expansion is available if needed. Landlord incentives are available.
    Location Intelligence

    Current Use by Public Records

    Edwards Financial Services Financial Advisor Belltown Counseling, LLC Crisis Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Hampton
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.501569
    Latitude
    41.5760626

    Nearby Similar for Lease

    • $24 SF/Yr
      1,461 SF

      Retail Space For Lease

      Retail building with ample parking and high traffic volume.
      1 S Main St, Marlborough, CT 06424
      View Details
    • $25 SF/Yr
      4,500 SF

      Restaurant Space in Mixed-Use Property

      Ground-floor restaurant space with customizable layout and outdoor patio.
      136 East High St, East Hampton, CT 06424
      View Details
    • $25 SF/Yr

      Restaurant Space in Mixed-Use Development

      Ground-floor restaurant space with customizable layout and outdoor patio.
      136 East High St, East Hampton, CT 06424
      View Details
    • $27 SF/Yr

      Retail and Medical Spaces

      Retail and medical spaces in the heart of East Hampton.
      42 E High St, East Hampton, CT 06424
      View Details
    • $8,000 /Mo

      Marlborough Office Space For Rent

      Office space available for lease in Marlborough, Connecticut.
      4 East Hampton Rd, Marlborough, CT 06447
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in East Hampton, CT.
      11 Edgewater Cir, East Hampton, CT 06424
      View Details
    • $27 SF/Yr
      18,308 SF

      Turnkey Medical/Retail Space Available

      Move-in ready medical office and retail space in East Hampton.
      42 E High St, East Hampton, CT 06424
      View Details
    • Contact for pricing
      5,155 SF

      East Hampton Retail Space

      Retail property available for rent in East Hampton, CT.
      11 Edgewater Cir, East Hampton, CT 06424
      View Details
    • $500 /Mo
      700 SF

      Modern Office Space For Lease

      Bright, versatile 700 sq ft office space, ideal for startups.
      13 NORTH Main St, East Hampton, CT 06424
      View Details
    • $5,000 /Mo
      5,000 SF

      Spacious Standalone Building, Build-Out Ready

      5,000 sq ft building suitable for retail, office, medical.
      13 north Main St, East Hampton, CT 06424
      View Details
    • $500 /Mo
      700 SF

      Modern Office Space For Lease

      Bright, versatile 700 sq ft office space for lease.
      13 NORTH Main St, East Hampton, CT 06424
      View Details
    • Contact for pricing
      2,500 SF

      Dominant Shopping Center Retail Space

      Retail space available in East Hampton Plaza shopping center.
      9 E High St, East Hampton, CT 06424
      View Details

    FAQs

    What type of property is this?
    Office units - Adaptable commercial space in East Hampton's heart, suitable for various uses.
    Where is this office units located?
    The property is located at 10 Summit St, Unit 7 East Hampton, CT.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown East Hampton location; - Flexible layout suitable for various professional uses; - Heat and hot water included in rent
    (860) 388-3936
    Request Owner's contact information
    10 Summit St, Unit 7 East Hampton, CT 06424
    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.
    10 Summit St, Unit 7
    East Hampton, CT 06424
    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
    10 Summit St, Unit 7 East Hampton, CT 06424
    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
    Alyssa Gambell
    (860) 388-3936
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!