Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Franklin Industrial Building Sublease Title is generated by Realmo AI

    122 Connecticut 32, Franklin, CT 06254

    View on Map
    Claim this Listing
    For Lease
    $10 SF/Yr $17,000/Mo (calc)

    20,400 SF industrial building available for sublease.

    Type:Industrial
    Property size:
    20,400 SF
    Added:
    Nov 22, 2025
    Days on Market:
    192
    Last Refresh:
    May 19 at 8:42 pm

    Property Features for 122 Connecticut 32

    General Information

    Standard status
    Active
    Size
    20,400 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 122 Connecticut 32 Contact us

    We can help!

    Listing Contact
    Kyle Roberts

    Listing agent Kyle Roberts

    Listing office CBRE | Hartford

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Hartford

    HighLights

    • 20,400 SF single tenant industrial building.
    • Excellent proximity to Route 2 (exits 35 & 35A).
    • Available for sublease through December 31, 2027.
    • Benefit from 22’ clear ceiling height.
    • Features three 16’H x 15’W drive‑in doors.
    • Equipped with motion sensor LED lights.

    Overview

    Located at 122 Route 32 in Franklin, CT, this 20,400 SF single-tenant industrial building offers convenient access to Route 2 via exits 35 and 35A. The property is available for sublease through December 31, 2027. The building features a 22-foot clear ceiling height and column spacing of 60 feet by 20 feet. Loading is facilitated by one uncovered dock platform, along with three drive-in doors measuring 16 feet high by 15 feet wide, and one drive-in door measuring 10 feet high by 12 feet wide. Motion sensor LED lights illuminate the interior. The property is situated on approximately 2 acres within a C-2 zoning district, designated for Mixed Commercial and Light Industrial use. A sprinkler system is in place. The property has utilities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    Franklin
    County
    New London
    State
    Connecticut
    Longitude
    -72.145
    Latitude
    41.6187

    Nearby Similar for Lease

    • $5,000/Mo
      4,000 SF

      Route 32 Commercial Opportunity

      High-visibility commercial space suitable for auto repair or dealership.
      192 Route 32, Franklin, CT 06254
      View Details
    • $14 SF/Yr
      4,650 SF

      Commercial Building with Warehouse Space

      Commercial building featuring office and warehouse space for lease.
      841 Route 32, Franklin, CT 06254
      View Details

    FAQs

    What type of property is this?
    Warehouse - 20,400 SF industrial building available for sublease.
    Where is this warehouse located?
    The property is located at 122 Connecticut 32 Franklin, CT.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 20,400 SF single tenant industrial building.; Excellent proximity to Route 2 (exits 35 & 35A).; Available for sublease through December 31, 2027.
    (860) 987-4730
    We can help!
    Listing Contact
    Kyle Roberts
    Learn More
    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
    122 Connecticut 32, Franklin, CT, 06254
    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!