Add Listing
    For Lease
    • 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

    263 Glenville Rd, Unit A Greenwich, CT 06831

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $750 /Mo

    Private offices in downtown Glenville with easy access and parking.

    Property Features for 263 Glenville Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Michael Parelli
    Source: Corcoran

    Listing Agency: Mike Parelli Real Estate, LLC Listing Agent: Michael Parelli

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Glenville Business Lofts Office Space

    Located in the downtown Glenville area of Greenwich, the Glenville Business Lofts offer private office spaces. The property is situated on the second floor, featuring 11.5 ft ceilings, walls of glass, and green structural beams. An open great room connects various sized sun-filled offices, a break room, and a bathroom. The location is above Finch Pharmacy. The property provides easy access to the Merritt Parkway, I-95, Metro North train, and Westchester Airport. Ample on-site parking is available. The space is in a common area.
    Location Intelligence

    Current Use by Public Records

    Finch Pharmacy Pharmacy UPS Access Point ... Courier Service Spiros Orfanos Pharmacy Salvatore Scalisi Pharmacy Christopher Ford's Party ... Music Venue

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office 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
    Greenwich
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.6643992
    Latitude
    41.0386612

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Greenwich

      Discover many ways to work your way in Greenwich
      500 Putnam Ave, Greenwich, CT 06831
      View Details
    • Contact for pricing

      CT, Greenwich - W Putnam Ave

      Workspaces, services and support to help you work better in Downtown Alamo Corporate Center
      177 Putnam Ave, Greenwich, CT 06831
      View Details
    • Contact for pricing

      Medical Office Sublease Opportunity

      Medical office space for sublease in Greenwich, available through 2032.
      Greenwich, CT 06870
      View Details
    • Contact for pricing

      Turnkey Office Suite Sublease

      Recently built, fully furnished office suite in corporate campus.
      Greenwich, CT 06831
      View Details
    • $3,500 /Mo
      2,841 SF

      Greenwich Office Space For Rent

      Private 2nd floor office space available in Greenwich, Connecticut.
      1155 East Putnam Ave, Greenwich, CT 06878
      View Details
    • Contact for pricing
      7,294 SF

      Boutique Office Building Renovation

      Boutique office building for rent undergoing gut renovation.
      30 E Elm St, Greenwich, CT 06830
      View Details
    • Contact for pricing
      4,975 SF

      Class A Office Space

      Prestigious office building anchored by Morgan Stanley on Greenwich Ave.
      1 Fawcett Pl, Greenwich, CT 06830
      View Details
    • Contact for pricing
      9,190 SF

      Office Space at Cos Cob

      Office space available at Cos Cob Train Station in Greenwich.
      8 Sound Shore Dr, Greenwich, CT 06830
      View Details
    • Contact for pricing
      10,000 SF

      Unique Greenwich Avenue Office Space

      Office space with tremendous ceiling height on Greenwich Avenue.
      240 Greenwich Ave, Greenwich, CT 06830
      View Details
    • $45 SF/Yr
      6,998 SF

      Cos Cob Class A Office

      Class A office space near Cos Cob Train Station.
      1 Sound Shore Dr, Greenwich, CT 06830
      View Details
    • Contact for pricing
      3,681 SF

      Finished Medical Suite in Greenwich

      Contemporary medical suite with reception, treatment rooms, and parking.
      50 Old Field Point Rd, Greenwich, CT 06830
      View Details
    • Contact for pricing
      1,560 SF

      Boutique Financial Services Building

      Office space for rent near Greenwich Avenue.
      41 W Putnam Ave, Greenwich, CT 06830
      View Details

    FAQs

    What type of property is this?
    Office units - Private offices in downtown Glenville with easy access and parking.
    Where is this office units located?
    The property is located at 263 Glenville Rd, Unit A Greenwich, CT.
    What is the lease rate?
    The lease rate is $750 /Mo.
    What are key features of this property?
    This property features: - Prime downtown Glenville location in Greenwich; - Easy access to Merritt Parkway, I-95, Metro North train, and Westchester Airport; - Ample on-site parking
    (203) 940-2666
    Request Owner's contact information
    263 Glenville Rd, Unit A Greenwich, CT 06831
    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.
    263 Glenville Rd, Unit A
    Greenwich, CT 06831
    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
    263 Glenville Rd, Unit A Greenwich, CT 06831
    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

    We can help!
    Listing Contact
    Michael Parelli
    (203) 940-2666 (203) 661-6004
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!