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

    15 Lakewood Dr Montville, CT 6370

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex space available for lease in central Montville location.

    Type:Office, Industrial
    Property size:
    2,400 SF
    Added:
    Jan 7, 2019
    Days on Market:
    2653
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 15 Lakewood Dr

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    2002

    Spaces For Lease

    at 15 Lakewood Dr Contact us

    Available Space $14 /Mo

    Size
    800 SF
    Type
    Industrial
    Lease: @ $900/mo
    Contact us

    We can help!

    Listing Contact
    Norm Peck

    Listing agent Norm Peck License #RES.0528743

    Listing office Signature Properties of New England

    Listing date Jan 7, 2019

    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 Signature Properties of New England

    Overview

    Montville Flex Space For Lease

    Space available for lease starting at 800 square feet, with options up to 2,400 square feet. The monthly lease rate begins at $950, plus utilities. The property benefits from a central location and is situated approximately 2.5 miles from I-395. It features 100 amps of 3-phase power, propane heat, air conditioning, a 12-foot ceiling height, and one overhead door. The zoning permits a variety of industrial, office, and institutional uses, including day care facilities, warehouses, indoor recreation, auto and equipment dealers, and lumber yards.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Montville
    County
    New London
    State
    Connecticut
    Longitude
    -72.1896
    Latitude
    41.4669

    Nearby Similar for Lease

    • Contact for pricing

      Prime Retail Space in Montville

      Highly visible retail space in a busy shopping plaza.
      1100 Norwich New London Turnpike unit: 8, Montville, CT 06382
      View Details
    • Contact for pricing

      Retail Space in Active Plaza

      Commercial unit in a high-traffic shopping plaza near Mohegan Sun.
      1100 Norwich New London Turnpike unit: 6, Montville, CT 06382
      View Details
    • Contact for pricing

      Turn-Key Medical Office Space

      4,500 sq ft commercial space ready for occupancy.
      627 Route 82 #1, Montville, CT 06370
      View Details
    • $12/mo

      Montville Retail and Office Space

      19,500 SF retail/office space on 5.19 acres for lease.
      430 Chapel Hill Rd, Montville, CT
      View Details
    • Contact for pricing

      Montville Flex Space For Lease

      Flex/industrial space for lease with wide range of permitted uses.
      15 Lakewood Drive, Montville, CT 06370
      View Details
    • $12/mo

      Montville Retail and Office Space

      19,500 SF retail/office space for lease on 5.19 acres.
      430 Chapel Hill Road, Montville, CT 06370
      View Details
    • Contact for pricing

      Montville Retail and Office Space

      19,500 SF retail/office space on 5.19 acres for lease.
      430 Chapel Hill Rd, Montville, CT 06370
      View Details
    • Contact for pricing

      Retail/Office Spaces on Route 32

      Retail and office spaces available in Montville, CT.
      1031 Norwich-New London Turnpike, Montville, CT 06382
      View Details
    • $1.00/mo

      Retail Pad Sites Available

      Retail pad sites for lease near major retailers and casino.
      1874 Norwich New London Turnpike, Montville, CT 06382
      View Details
    • Contact for pricing

      Retail/Office Spaces on Route 32

      Retail and office spaces available in Montville, CT.
      1031 Norwich-New London Turnpike, Montville, CT 06382
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space available for lease in central Montville location.
    Where is this flex space located?
    The property is located at 15 Lakewood Dr Montville, CT.
    What are key features of this property?
    This property features: Flexible zoning permits a wide range of uses.; Central location with easy access, only 2.5 miles from I‑395.; Available space: **800sf+ up to 2,400sf**.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Norm Peck
    Real Estate License ID: RES.0528743
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!