Add Listing
    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

    541 Eastern Point Rd Groton, CT 06340

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,000 /Mo

    Office space for lease with private bath and parking.

    Lot size:
    3.22 Acres

    Property Features for 541 Eastern Point Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    3.22 Acres

    Building Details

    Year built
    1992

    We can help!

    Listing Contact
    Constance Howard
    Source: Elliman

    Listing Agency: U.S. Properties Real Estate Services, LLC Listing Agent: Constance Howard

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

    Learn more

    Overview

    Office Space with Thames River Views

    An office space of 480 square feet is available for lease at the 'Ice Cube Building'. The property is located in close proximity to Pfizer and Electric Boat. The office features central air conditioning and electric heat. Internet and WiFi are available upon request. Windows are tinted for privacy. The space is suitable for up to 3 or 4 desks and includes a private bathroom. It offers views of the Thames River. A private parking lot is located on site. The intended use of the property is for office purposes.
    Location Intelligence

    Current Use by Public Records

    Trinity Therapeutic Care, ... Marriage Or Relationship Counselor YourMembership (Bike/Boat/Book/etc) Store Dale Kingsley, LMFT Marriage Or Relationship Counselor Lisa M. Smith, ... Marriage Or Relationship Counselor Aecom GROTON Engineering Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -72.0769006
    Latitude
    41.3341297

    Nearby Similar for Lease

    • New
      $2,800 /Mo
      2,000 SF

      Groton Office Space For Rent

      Ground floor office space with easy I-95 access.
      333 Long Hill Rd, Groton, CT 06340
      View Details
    • $650 /Mo
      160 SF

      Groton Office Space For Lease

      Private office space in high-traffic Groton location for lease.
      3175 Gold Star Hwy, Groton, CT 06355
      View Details
    • $38 SF/Yr
      1,052 SF

      Downtown Mystic Commercial Space Available

      Commercial space in downtown Mystic with river views and parking.
      3 Water St, Groton, CT 06355
      View Details
    • $1,250 /Mo
      850 SF

      Groton Commercial Space For Lease

      Spacious retail/office space in high-traffic Groton location.
      3175 Gold Star Hwy, Groton, CT 06355
      View Details
    • $1,000 /Mo
      700 SF

      Groton Commercial Space For Rent

      Cozy commercial space suitable for personal service or office use.
      943 North Rd, Groton, CT 06340
      View Details
    • $1,150 /Mo
      650 SF

      Noank Village Commercial Space Rental

      Second-floor creative space with water views in Noank village.
      63 Marsh Rd, Groton, CT 06340
      View Details
    • $2,800 /Mo

      Groton Office/Medical Space for Lease

      Professional office/medical space in prime Groton business park.
      491 Gold Star Hwy, Groton, CT 06340
      View Details
    • $1,000 /Mo

      Office Space with Thames River Views

      480 SF office space for lease with private bath.
      541 Eastern Point Rd, Groton, CT 06340
      View Details
    • $2,950 /Mo

      Downtown Mystic Retail Space Available

      Customizable retail space in downtown Mystic with private bathroom.
      3 Pearl St, Groton, CT 06355
      View Details
    • $500 /Mo

      Groton Flex Space For Lease

      500 SF flex space available for lease in Groton.
      441 Long Hill Rd, Groton, CT 06340
      View Details
    • $2,250 /Mo

      Retail/Restaurant/Medical Space Available

      Retail, restaurant, or medical space available for lease.
      392 Eastern Point Rd, Groton, CT 06340
      View Details
    • $2,500 /Mo

      Groton Commercial Building For Lease

      2,471 sq ft commercial building in Groton's Five Corners.
      49 Poquonnock Rd, Groton, CT 06340
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for lease with private bath and parking.
    Where is this office units located?
    The property is located at 541 Eastern Point Rd Groton, CT.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: - Prime location near Pfizer and Electric Boat.; - Affordable lease rate of $1,000/month gross.; - Private parking lot on site.
    (860) 437-0101
    Request Owner's contact information
    541 Eastern Point Rd Groton, CT 06340
    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.
    541 Eastern Point Rd
    Groton, CT 06340
    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
    541 Eastern Point Rd Groton, CT 06340
    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
    Constance Howard
    Real Estate License ID: RES.0798067
    (860) 437-0101 (860) 439-0663 (860) 691-2011
    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!