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

    1491 Silver Lane, East Hartford, CT 06118

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Commercial space available for lease in East Hartford, CT.

    Type:Retail, Office
    Added:
    Nov 20, 2021
    Days on Market:
    1659
    Last Refresh:
    May 12 at 8:52 pm

    Property Features for 1491 Silver Lane

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1975

    Spaces For Lease

    at 1491 Silver Lane Contact us

    Available space $27/Mo

    Size
    2,184 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Michael Grieder

    Listing agent Michael Grieder License #RES.0804179

    Listing office Godin Property Brokers LLC

    Listing date Nov 20, 2021

    Source Crexi

    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 Godin Property Brokers LLC

    HighLights

    • For lease
    • Year Built: 1975

    Overview

    Commercial space is available for lease at a property located on Silver Lane in East Hartford, CT. The property is suitable for office, retail, and other commercial real estate purposes.
    Property Profile Location Intelligence

    Current Use by Public Records

    webster bank Bank

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    East Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5779343
    Latitude
    41.7654476

    Nearby Similar for Lease

    • $14 SF/Yr
      1,040 SF

      East Hartford Commercial Building For Rent

      Free-standing commercial building with parking, suitable for various businesses.
      16 Orchard Street, East Hartford, CT 06108
      View Details
    • $1,500/Mo
      1,500 SF

      East Hartford Office Space Available

      1500 SF office space for lease in East Hartford.
      43 Franklin Street, East Hartford, CT 06108
      View Details
    • Sponsored
      Contact for pricing

      CT, East Hartford - Tolland St

      510 Tolland St, East Hartford, CT 06108
      View Details
    • $14 SF/Yr
      2,500 SF

      East Hartford Office Suite For Rent

      Well-located 2,500 sq ft office suite with ample parking.
      1137 Main Street, East Hartford, CT 06108
      View Details
    • $1,300/Mo
      1,300 SF

      Medical Office Space For Rent

      1300 SF first-floor medical office space available for lease.
      585 Burnside Ave, East Hartford, CT 06108
      View Details
    • $14 SF/Yr
      1,040 SF

      Free Standing Commercial Building For Rent

      Commercial building with parking, suitable for retail or office.
      16 Orchard Street, East Hartford, CT 06108
      View Details
    • $1,500/Mo
      2,000 SF

      East Hartford Flexible Commercial Unit

      Versatile 2,000 sq ft unit suitable for various business uses.
      715 Burnside Ave, East Hartford, CT 06108
      View Details
    • $17 SF/Yr
      17,500 SF

      Renovated Office Building For Lease

      Recently renovated 17,500 SF office building in Founders Business Park.
      225 Pitkin Street, East Hartford, CT, 06108
      View Details
    • $8,000/Mo
      11,026 SF

      Turnkey Grocery Store Opportunity

      11,026 SF fully built-out grocery space for lease.
      1140 Burnside Avenue, East Hartford, CT 06108
      View Details
    • $13 SF/Yr

      Free Standing Commercial Building

      Commercial building with parking, suitable for retail or office.
      16 Orchard St, East Hartford, CT 06108
      View Details
    • $700/Mo
      300 SF

      Professional Office Space Available

      Office space for rent with shared amenities.
      99 Ash Street, East Hartford, CT 06108
      View Details
    • $2,300/Mo

      Charming Apartment in Historic Neighborhood

      Two-bedroom apartment with wood floors, porch, and parking.
      61-63 Central Ave, East Hartford, CT 06108
      View Details

    FAQs

    What type of property is this?
    Office space - Commercial space available for lease in East Hartford, CT.
    Where is this office space located?
    The property is located at 1491 Silver Lane East Hartford, CT.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: For lease; Year Built: 1975
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Grieder
    Real Estate License ID: RES.0804179
    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
    1491 Silver Lane, East Hartford, CT 06118
    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!