Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Glastonbury Office Space Available Title is generated by Realmo AI

    148 Eastern Boulevard, Glastonbury, CT 06033

    View on Map
    Claim this Listing
    For Lease
    $21 SF/Yr $10,286/Mo (calc)

    Office space available for lease in Glastonbury, Connecticut.

    Type:Office
    Property size:
    5,878 SF
    Added:
    Nov 22, 2025
    Days on Market:
    194
    Last Refresh:
    May 20 at 12:17 am

    Property Features for 148 Eastern Boulevard

    General Information

    Standard status
    Active
    Size
    5,878 SF
    Property subtype
    Office

    Spaces For Lease

    at 148 Eastern Boulevard Contact us

    We can help!

    Listing Contact
    Gary Schless
    Gary Schless

    Listing agent Gary Schless License #RES.0758685

    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

    • Office space available for lease.
    • Located in Glastonbury, Connecticut.

    Overview

    Available for lease is an office space located in Glastonbury, Connecticut. The property offers 5878 square feet of space. The listing price is $21.
    Property Profile Location Intelligence

    Current Use by Public Records

    Good Banana Department Store D C Retail Alternative Medicine Practice Karen Zabrensky, M.D., ... Physician Emily J. Rosenbush, ... Physician Frederick J. Rau, ... Physician

    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
    Glastonbury
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.585
    Latitude
    41.7209

    Nearby Similar for Lease

    • $24 SF/Yr
      7,048 SF

      Glastonbury Commercial Building with Updates

      Updated 7,048 SF commercial building ideal for office or medical use.
      232 Williams Street E, Glastonbury, CT 06033
      View Details
    • $26 SF/Yr
      7,048 SF

      Updated Commercial Building For Rent

      7,048 SF commercial building with updated interior and ample parking.
      232 Williams St E, Glastonbury, CT 06033
      View Details
    • $30 SF/Yr
      2,850 SF

      Glastonbury Retail Space For Rent

      Turnkey retail space in Eric Town Square retail center.
      124 Hebron Avenue, Glastonbury, CT 06033
      View Details
    • $25 SF/Yr
      1,800 SF

      Prime Commercial Space in Glastonbury

      Adaptable 1,800 SF commercial space with high visibility location.
      730 Hebron Avenue, Glastonbury, CT 06033
      View Details
    • $28 SF/Yr
      4,376 SF

      Class A Office Space Available

      Upscale office buildings with superior design in a prime location.
      180 Glastonbury Boulevard, Glastonbury, CT, 06033
      View Details
    • $2,400/Mo
      1,200 SF

      Professional Office Space For Rent

      Well-located office space in desirable Central Connecticut market.
      17 Parker Ter Extension, Glastonbury, CT 06033
      View Details
    • $28 SF/Yr
      700 SF

      Glastonbury Retail Space For Rent

      Highly visible retail space in a busy Glastonbury commercial corridor.
      70 Hebron Avenue, Glastonbury, CT 06033
      View Details
    • $22 SF/Yr
      5,500 SF

      Glastonbury Office Building For Lease

      Single-story office building in Glastonbury, CT, available for lease.
      626 Hebron Avenue, Glastonbury, CT, 06033
      View Details
    • $29 SF/Yr
      4,440 SF

      Class A Office Space Available

      Upscale office buildings with superior design and walkable amenities.
      200 Glastonbury Boulevard, Glastonbury, CT, 06033
      View Details
    • $26 SF/Yr
      7,048 SF

      Updated Commercial Building For Lease

      7,048 SF commercial building with updated interior and ample parking.
      232 Williams Street, Glastonbury, CT 06033
      View Details
    • $2,350/Mo
      120 SF

      Glastonbury Center Office Space

      Prestigious office space in the heart of Glastonbury Center.
      212 New London Turnpike, Glastonbury, CT 06033
      View Details
    • $15 SF/Yr
      7,000 SF

      Glastonbury Office/Medical Space for Lease

      Office and medical space available with immediate access to Route 2.
      50 & 55 Nye Road, Glastonbury, CT, 06033
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for lease in Glastonbury, Connecticut.
    Where is this office units located?
    The property is located at 148 Eastern Boulevard Glastonbury, CT.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Office space available for lease.; Located in Glastonbury, Connecticut.
    (860) 987-4792
    We can help!
    Listing Contact
    Gary Schless
    Gary Schless
    Real Estate License ID: RES.0758685
    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
    148 Eastern Boulevard, Glastonbury, CT, 06033
    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!