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

    17 Parker Ter Extension, Glastonbury, CT 06033

    View on Map
    Claim this Listing
    For Lease
    $2,400/Mo $24 SF/Yr (calc)

    Well-located office space in desirable Central Connecticut market.

    Type:Commercial
    Property size:
    1,200 SF
    Added:
    Apr 10, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 10 at 8:51 pm

    Property Features for 17 Parker Ter Extension

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    VINNIE FERRUCCI

    Listing agent VINNIE FERRUCCI License #RES.0808516

    Listing office Advise Realty Services

    Listing date Apr 10, 2026

    Source Corcoran

    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 Advise Realty Services

    HighLights

    • Prime location in a desirable Central Connecticut office market with convenient access to Glastonbury's town center, restaurants, and Route 2.
    • Functional 1,200 SF suite ideal for private offices, client‑facing businesses, and service professionals.
    • All utilities included (except Wi‑Fi).
    • New commercial grade carpeting to be installed prior to move‑in.
    • Quiet, professional environment suitable for boutique firms.
    • Basement space available for use.

    Overview

    Located at 17 Parker Terrace Ext, this professional building offers approximately 1,200 square feet of office space suitable for boutique firms seeking a quiet, professional environment. The suite features a functional layout suited for private offices, client-facing businesses, and service professionals. The property provides convenient access to Glastonbury's town center, restaurants, and Route 2, making it an attractive option for both clients and employees. New commercial grade carpeting will be installed prior to move in. All utilities except Wi-Fi are included. Basement space is available for use.
    Location Intelligence

    Current Use by Public Records

    Ducharme Elaine PHD Physician Media Connections Inc Film Production

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Glastonbury
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6165219
    Latitude
    41.7162728

    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
    • $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
    • $29 SF/Yr
      45,750 SF

      Glastonbury Class A Office Suites

      Class A office suites for lease in Somerset Square.
      95 Glastonbury Boulevard, Glastonbury, CT, 06033
      View Details

    FAQs

    What type of property is this?
    Office units - Well-located office space in desirable Central Connecticut market.
    Where is this office units located?
    The property is located at 17 Parker Ter Extension Glastonbury, CT.
    What is the lease rate?
    The lease rate is $2,400 /Mo.
    What are key features of this property?
    This property features: Prime location in a desirable Central Connecticut office market with convenient access to Glastonbury's town center, restaurants, and Route 2.; Functional 1,200 SF suite ideal for private offices, client‑facing businesses, and service professionals.; All utilities included (except Wi‑Fi).
    (203) 996-1506
    We can help!
    Listing Contact
    VINNIE FERRUCCI
    Real Estate License ID: RES.0808516
    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

    Thank You for Inquiry
    17 Parker Ter Extension, 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!