Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    23 Boston St Guilford, CT 06437

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

    Conveniently located office space across from the Guilford town green.

    Type:Office
    Property size:
    1,000 SF
    Added:
    Nov 16, 2022
    Days on Market:
    1264
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 23 Boston St

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1804

    Spaces For Lease

    at 23 Boston St Contact us

    Small Office - 2nd Floor $1,400 /Mo

    Size
    1,000 SF
    Type
    Office
    Conveniently located charming office space across from the Guilford town green. A...
    show more
    Contact us

    We can help!

    Listing Contact
    Nick Leone

    Listing agent Nick Leone License #CT 0825866

    Listing office O, R&L Commercial Branford

    Listing date Nov 16, 2022

    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 O, R&L Commercial Branford

    Overview

    Charming Office Space in Guilford

    This 1,000 square foot office space is located across from the Guilford town green in a historic building featuring antique hardwood floors and views of the green. The space includes private parking in the rear of the building and ADA accessibility through a first-floor ramp. It also offers a shared conference room. The layout features a private waiting area, four offices or rooms, and a private bathroom. The intended use of the property is for office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crosby Law Firm ... Law Firm Stillman & Associates, LLC Law Firm Cresent Group Consultant A Better Way Mentor ... Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Guilford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.6803805
    Latitude
    41.2813028

    Nearby Similar for Lease

    • $1,300/Mo

      Professional Office Suite in Guilford

      Well-located office suite with excellent visibility and ample parking.
      2614 Boston Post Road, Guilford, CT 06437
      View Details
    • Sponsored
      $825/Mo

      Guilford Gatehouse West

      Unparalleled office building in Guilford, CT with move-in ready suites.
      2614 Boston Post Rd, Unit 32c, Guilford, CT 06437
      View Details
    • $5,000/Mo

      Retail Space on Guilford Green

      Prime retail space with high visibility in Guilford, Connecticut.
      89 Whitfield Street, Guilford, CT 06437
      View Details
    • $985/Mo

      Guilford Office Space For Rent

      Professional office space available on Boston Post Road in Guilford.
      2415 Boston Post Rd, Guilford, CT
      View Details
    • $2,200/Mo

      Professional Office Suite in Guilford

      1,200 SF office suite with utilities included, Route 1.
      2488 Boston Post Road, Guilford, CT 06437
      View Details
    • $20 SF/Yr

      Guilford Medical Office Suite

      Turnkey medical office suite in premier Guilford medical park.
      5 Durham Road #STE C2, Guilford, CT 06437
      View Details
    • Contact for pricing

      Guilford Gatehouse West

      Executive conference room available daily to monthly in Guilford, CT.
      2614 Boston Post Rd, Guilford, CT 06437
      View Details
    • $1,600/Mo

      Renovated 4-Room Suite Available

      Move-in ready, renovated 4-room suite with flexible layout options.
      2514 Boston Post Road #6C, Guilford, CT 06437
      View Details
    • $2,300/Mo

      Professional Office Space Available

      Well-appointed office space suitable for retail or service use.
      2346 Boston Post Road #2 & 3, Guilford, CT 06437
      View Details
    • $2,250/Mo

      Professional Office Space For Lease

      First floor office space with pond views and private parking.
      75 Carter Drive, Guilford, CT 06437
      View Details
    • $1,550/Mo

      Downtown Guilford Office Space Available

      Professional office in historic building, convenient location, on-site parking.
      105 Church Street #2, Guilford, CT 06437
      View Details
    • $1,250/Mo

      Charming Guilford Office Suites Available

      Three office suites for sublease with utilities and internet included.
      350 Goose Lane, Guilford, CT 06437
      View Details

    FAQs

    What type of property is this?
    Office units - Conveniently located office space across from the Guilford town green.
    Where is this office units located?
    The property is located at 23 Boston St Guilford, CT.
    What are key features of this property?
    This property features: Convenient location across from the Guilford town green.; Private parking in the rear of the building.; ADA accessibility with 1st floor ramp.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nick Leone
    Real Estate License ID: CT 0825866
    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

    23 Boston St, Guilford, CT 06437

    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!