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

    103 Phoenix Ave Enfield, CT 06082

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,000 /Mo

    Move-in ready office space suitable for professional or medical uses.

    Lot size:
    3.80 Acres

    Property Features for 103 Phoenix Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    3.80 Acres

    Building Details

    Year built
    1969

    We can help!

    Listing Contact
    Joey Artioli
    Source: Elliman

    Listing Agency: Artioli Realty LLC Listing Agent: Joey Artioli

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

    Learn more

    Overview

    Professionally Maintained Office Space Available

    This professionally maintained brick office building offers 1,510 square feet of office space for $2,000 per month, with up to 6,511 square feet available. The space is move-in ready and exceptionally clean. High-quality office furniture can be included, or tenants may bring their own. The versatile floor plan is suitable for a variety of professional or medical uses. The property features excellent curb appeal, well-kept landscaping, and ample on-site parking for staff and visitors. It is located just minutes from major highways, shopping, dining, and everyday amenities, providing an ideal environment to grow or establish a business.
    Location Intelligence

    Current Use by Public Records

    Viola Chrabascz Reynolds ... Accounting Firm Slattery William J ... Accounting Firm Chrabascz Richard CPA Accounting Firm Stambovsky Edward B ... Accounting Firm Thompson Lenore E ... Accounting Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Enfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5801247
    Latitude
    41.9748762

    Nearby Similar for Lease

    • $18 SF/Yr
      2,693 SF

      Commercial Space in Enfield, CT

      New build-to-suit commercial space for lease on Hazard Ave.
      619 Hazard Ave, Enfield, CT 06082
      View Details
    • $18 SF/Yr
      2,089 SF

      Commercial Space in Enfield, CT

      New customizable commercial space for lease in Enfield's Scitico district.
      619 Hazard Ave, Enfield, CT 06082
      View Details
    • $2,500 /Mo
      2,000 SF

      Enfield Commercial Space For Lease

      Over 2000 sq ft of open space available for lease.
      9 N Main St, Enfield, CT 06082
      View Details
    • Sponsored
      Contact for pricing

      CT, Enfield - King St

      Discover many ways to work your way in Ayrsley
      1699 King St, Enfield, CT 06082
      View Details
    • $11 SF/Yr
      4,000 SF

      Enfield Retail/Warehouse Space Available

      4,000 SF retail/warehouse space in high-traffic Enfield location.
      96 Alden Ave, Enfield, CT 06082
      View Details
    • $810 /Mo
      13,430 SF

      Modern Office Space Available

      Modern 540 SF office space for lease with ample parking.
      1654 King St, Enfield, CT 06082
      View Details
    • $16 SF/Yr

      Professional Office Space Available

      Well-maintained office building with flexible space for rent.
      103 Phoenix Ave, Enfield, CT 06082
      View Details
    • $15 SF/Yr

      Class A Office Space Available

      First floor office space for sublease in Enfield, CT.
      1699 King St, Enfield, CT 06082
      View Details
    • $20 SF/Yr

      Corporate Office Building with Solar

      13,800 SF office building with high-end finishes.
      15 Mullen Rd, Enfield, CT 06082
      View Details
    • $13 SF/Yr
      39,897 SF

      Retail Spaces in Scitico Plaza

      Retail and former salon spaces available in busy shopping plaza.
      585 Hazard Ave, Enfield, CT 06082
      View Details
    • $2,500 /Mo

      Versatile Commercial Space Available

      Over 2000 sq ft, high foot traffic, main bus route.
      9 North Main St, Enfield, CT 06082
      View Details
    • $1,500 /Mo

      Enfield Shop Space For Rent

      1,700 SF shop with office space, convenient highway access.
      1654 King St, Enfield, CT 06082
      View Details

    FAQs

    What type of property is this?
    Office units - Move-in ready office space suitable for professional or medical uses.
    Where is this office units located?
    The property is located at 103 Phoenix Ave Enfield, CT.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: - Move-in ready office space with versatile floor plan suitable for professional or medical use.; - Up to 6,511 sq. ft. of office space available.; - Professionally maintained brick office building with excellent curb appeal and well-kept landscaping.
    (860) 989-9080
    Request Owner's contact information
    103 Phoenix Ave Enfield, CT 06082
    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.
    103 Phoenix Ave
    Enfield, CT 06082
    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
    103 Phoenix Ave Enfield, CT 06082
    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
    Joey Artioli
    (860) 989-9080
    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!