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    Lakeville Commercial Industrial Opportunity Title is generated by Realmo AI

    29 Brook Street, Salisbury, CT 06039

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    Claim this Listing
    New
    For Sale
    $1,750,000

    COMMERCIAL - Salisbury, CT

    Property size:
    16,587 SF
    Lot size:
    2.91 Acres
    Price / SF:
    $105/SF
    Added:
    May 23, 2026
    Days on Market:
    7
    Last Refresh:
    May 29 at 9:06 pm

    Property Features for 29 Brook Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    LI1
    Bathrooms
    5
    Rooms
    Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 5, Bathroom 2
    Standard status
    Active
    Size
    16,587 SF
    Lot size
    2.91 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    11997

    Utilities

    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1981
    Floors in Building
    2
    Flooring type
    Parquet Wood

    We can help!

    Listing Contact
    Roxanne Belter
    Roxanne Belter

    Listing agent Roxanne Belter License #RES.0809875

    Listing office William Pitt Sotheby's Int'l 19 Main St., P.O. Box 667, Salisbury, CT

    Listing date May 23, 2026

    MLS# 24177393

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 16,587 sq ft commercial industrial property in a prime location.
    • Unique architectural design featuring a sunlit glass breezeway connecting two wings.
    • Versatile space suitable for corporate headquarters, production hub, event venue, or flex space.
    • Dramatic, elevated loft ideal for a creative studio or collaborative space.
    • Robust employee facilities including dual full bathrooms with showers and locker rooms.
    • New, durable metal roof and extensive paved yard space.

    Overview

    This 16,587 square foot commercial industrial property is located in the heart of Lakeville. The property features classic brick industrial architecture integrated with contemporary upgrades, including a new metal roof. The architectural layout offers possibilities for an innovative corporate headquarters, a creative production hub, an upscale event venue, or high-end flex space. The design utilizes a sunlit glass breezeway that connects the two primary wings of the facility, offering a separation of operations and administration. The main hub centers around an elevated loft that serves as a creative studio or open collaborative space, sitting above four private offices. The workspace flows into employee facilities, featuring dual full bathrooms with their own shower and locker room. A private suite designed for client meetings and administrative focus is accessible through the glass breezeway. The property has extensive paved yard space and is situated on a 2.91-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.4419
    Latitude
    41.9547

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    FAQs

    What type of property is this?
    Flex space - 16,587 SF commercial property in the heart of Lakeville.
    Where is this flex space located?
    The property is located at 29 Brook Street Salisbury, CT.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 16,587 sq ft commercial industrial property in a prime location.; Unique architectural design featuring a **sunlit glass breezeway connecting two wings.**; Versatile space suitable for corporate headquarters, production hub, event venue, or flex space.
    (860) 318-1583
    We can help!
    Listing Contact
    Roxanne Belter
    Roxanne Belter
    Real Estate License ID: RES.0809875
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    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
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