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    Historic Building in Central Business Title is generated by Realmo AI

    105 Huntington St, New London, CT 06320

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    Claim this Listing
    For Lease
    $495,000

    Charming building near courthouse, restaurants, train, and ferry.

    Added:
    Mar 14, 2026
    Days on Market:
    77
    Last Refresh:
    May 25 at 11:50 pm

    Property Features for 105 Huntington St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Ann M. Buonocore

    Listing agent Ann M. Buonocore License #REB.0087510

    Listing office Buena Vista Real Estate Co.

    Listing date Mar 14, 2026

    Source Exprealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of Buena Vista Real Estate Co.

    HighLights

    • Prime location on Whale Oil Row with easy access to I‑95, courthouse, restaurants, entertainment, train, and ferry.
    • Expanded opportunities in the Central Business District for residential and retail use.
    • Off‑street parking lot in back and on‑street parking in front.
    • Charming, architecturally historic structure.
    • Potential for expansion in the attic and basement.
    • Includes a kitchen with refrigerator and dishwasher, and a conference room on the main level.

    Overview

    This attractive building is located on Whale Oil Row, offering convenient access to I-95 and is within walking distance of the courthouse, restaurants, entertainment venues, train station, and ferry terminal. Situated in the Central Business District, the property presents expanded opportunities for various uses, including residential, retail such as beauty shops and art galleries, instruction in martial arts, dance, music, fashion, and restaurants. The property features an off-street parking lot in the back and on-street parking in front. This architecturally historic structure includes a kitchen equipped with a refrigerator and dishwasher. A conference room is currently located on the main level. There is potential for expansion in the attic and basement. The first floor has two zones of electric. The property is part of the NL Main Street Association and is being sold "as is".
    Location Intelligence

    Current Use by Public Records

    Madsen Prestley & Parenteau, ... Law Firm Liberty Law Firm ... Law Firm Suisman Law Firm Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • New London Florist — New London, CT 06320

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    State
    Connecticut
    Longitude
    -72.099379
    Latitude
    41.356635

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    FAQs

    What type of property is this?
    Storefront property - Charming building near courthouse, restaurants, train, and ferry.
    Where is this storefront property located?
    The property is located at 105 Huntington St New London, CT.
    What is the lease rate?
    The lease rate is $495,000.
    What are key features of this property?
    This property features: Prime location on Whale Oil Row with easy access to I‑95, courthouse, restaurants, entertainment, train, and ferry.; Expanded opportunities in the Central Business District for residential and retail use.; Off‑street parking lot in back and on‑street parking in front.
    (860) 572-7305
    We can help!
    Listing Contact
    Ann M. Buonocore
    Real Estate License ID: REB.0087510
    Learn More
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    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.

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