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

    23 Francis J Clarke Cir Bethel, CT 06801

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,000 /Mo ($14 SF/Yr)

    Second-floor office space with natural light and included utilities.

    Property size:
    805 SF
    Lot size:
    805 SF

    Property Features for 23 Francis J Clarke Cir

    General Information

    Standard status
    Active
    Size
    805 SF

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Chris Cosio
    Chris Cosio
    Source: Corcoran

    Listing Agency: Advantage Realty Commercial Inc Listing Agent: Chris Cosio

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

    Learn more

    Property Insight Report

    Overview

    Office Space in Business Park

    Located in the Francis Clarke Business Park, the property at 23 Francis Clarke Circle offers office space for lease. The second-floor office space measures 805 square feet and features a waiting room, three offices, and a private bathroom. Large windows provide natural light. The lease includes utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rain King Waterproofing, ... Construction Company MOTO-D Racing Auto Parts Store Base Technologies | Copiers ... Business To Business Service Community Shellfish Connecticut Specialty Food Shop SOLARFOX® USA Production Facility

    Suggested Use

    Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethel
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.422177
    Latitude
    41.355788

    Nearby Similar for Lease

    • $1,100 /Mo
      1,000 SF

      Professional Office Space Available

      1,000 SF office space with easy highway access.
      15 Stony Hill Rd, Bethel, CT 06801
      View Details
    • $23 SF/Yr
      1,749 SF

      Versatile Commercial Space Available

      4,191 SF office space for rent with modern interior.
      70 Stony Hill Rd, Bethel, CT 06801
      View Details
    • $25 SF/Yr

      Former Bank in Central Business District

      Former bank with drive-through, suitable for medical, retail, or office.
      159 Greenwood Ave, Bethel, CT 06801
      View Details
    • $17 SF/Yr

      New Construction Flexible Industrial Space

      Newly constructed flex/industrial space with ample parking and easy access.
      18 Francis J Clarke Cir, Bethel, CT 06801
      View Details
    • $25 SF/Yr
      7,000 SF

      Former Bank in Central Business

      Former bank with drive-through, suitable for medical, retail, or office.
      159 Greenwood Ave, Bethel, CT 06801
      View Details
    • Contact for pricing
      1,760 SF

      Retail Space in Bethel Center

      Retail space available in a busy Bethel shopping center.
      81-87 Stony Hill Rd, Bethel, CT 06801
      View Details
    • Contact for pricing
      7,596 SF

      Retail Space on Greenwood Avenue

      Retail space available for rent at Greenwood Avenue intersection.
      289 Greenwood Ave, Bethel, CT 06801
      View Details
    • Contact for pricing
      1,457 SF

      Adaptable Commercial Space Available

      Versatile space suitable for retail, services, or creative endeavors.
      48 Stony Hill Rd, Bethel, CT 06801
      View Details
    • Contact for pricing
      1,983 SF

      Modern Commercial Space For Rent

      Well-maintained commercial space with customizable layout options and ample parking.
      2 Stony Hill Rd, Bethel, CT 06801
      View Details
    • Contact for pricing
      2,273 SF

      Bethel Office Space For Rent

      Office space available for lease in Bethel, Connecticut.
      6 Stony Hill Rd, Bethel, CT 06801
      View Details
    • $11 SF/Yr
      14,750 SF

      Industrial Warehouse in Clarke Business Park

      14,750 SF industrial space suitable for warehousing and distribution.
      13 Francis Clark Cir, Bethel, CT
      View Details

    FAQs

    What type of property is this?
    Office units - Second-floor office space with natural light and included utilities.
    Where is this office units located?
    The property is located at 23 Francis J Clarke Cir Bethel, CT.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Rent includes utilities ($15/SF); - Located in the Francis Clarke Business Park with easy access to Danbury and southern Fairfield County; - **805 SF office space** featuring a waiting room, 3 offices, and private bathroom
    (203) 798-9345
    Request Owner's contact information
    23 Francis J Clarke Cir Bethel, CT 06801
    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.
    23 Francis J Clarke Cir
    Bethel, CT 06801
    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
    23 Francis J Clarke Cir Bethel, CT 06801
    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
    Chris Cosio
    Chris Cosio
    Real Estate License ID: 0806068
    (203) 798-9345 (203) 524-8635
    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!