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

    232 Williams Street Glastonbury, CT 6033

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,800,000

    7,048 SF commercial building with updated interior and ample parking.

    Type:Commercial
    Property size:
    7,048 SF
    Lot size:
    1.50 Acres
    Added:
    Dec 20, 2025
    Days on Market:
    105
    Last Refresh:
    Apr 2 at 1:51 am

    Property Features for 232 Williams Street

    General Information

    Standard status
    Active
    Size
    7,048 SF
    Lot size
    1.50 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    AMY RIO
    AMY RIO

    Listing agent AMY RIO License #3334578

    Listing office Executive Real Estate Inc.

    Listing date Dec 20, 2025

    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 Executive Real Estate Inc.

    Overview

    Updated Commercial Building For Sale

    This 7,048 square foot commercial building features a brick exterior and a professionally updated interior. The building is heated with natural gas. The layout includes 11 private offices, space for over 30 workstations, and three conference or training rooms. Additional features include three bathrooms, a full kitchen with an eat-in area, and flexible common spaces. The building is move-in ready and suitable for office, medical, or professional use. Ample on-site parking is available.
    Location Intelligence

    Current Use by Public Records

    Facilities Maintenance Social Service Agency

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Glastonbury
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5985
    Latitude
    41.704

    Nearby Similar for Sale

    • $405,000
      1,350 SF

      New Medical/Office Space to Own

      New medical/office space for sale in Glastonbury, CT.
      219 Addison Road #A, Glastonbury, CT 06033
      View Details
    • $1,050,000
      3,000 SF

      Retail Property Near Route 2

      Two-tenant retail property with bakery and Chinese takeout.
      217 Hebron Avenue, Glastonbury, CT 06033
      View Details
    • Contact for pricing
      185,000 SF

      Glastonbury Boulevard Office Building

      95% occupied office building with diverse tenant roster.
      180-200 Glastonbury Blvd, Glastonbury, CT
      View Details
    • $1,495,000
      15,270 SF

      Glastonbury Flex Facility For Sale

      Flex facility with high ceilings and multi-tenant potential.
      41 Sequin Dr, Glastonbury, CT 06033
      View Details
    • Contact for pricing
      58,216 SF

      Historic Industrial Building For Sale

      58,216 SF historic building with investment potential in Glastonbury, CT.
      122 Naubuc Ave, Glastonbury, CT
      View Details
    • $650,000
      4,428 SF

      Glastonbury Town Center Professional Property

      Professional office building in desirable Glastonbury Town Center location.
      122A Naubuc Ave, Glastonbury, CT
      View Details

    FAQs

    What type of property is this?
    Office building - 7,048 SF commercial building with updated interior and ample parking.
    Where is this office building located?
    The property is located at 232 Williams Street Glastonbury, CT.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Move‑in ready, updated interior eliminates build‑out costs and allows for immediate operation.; Flexible layout suitable for office, medical, or professional use, including **11 private offices, 30+ workstations, and 3 conference/training rooms**.; 7,048 SF commercial building provides ample space for a growing company or corporate headquarters.
    (860) 633-8800
    We can help!
    Listing Contact
    AMY RIO
    AMY RIO
    Real Estate License ID: 3334578
    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!