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    3 Inspiration Lane Chester, CT 06412

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    For Lease
    $5,500/Mo $16 SF/Yr (calc)

    COMMERCIAL - Chester, CT

    Property size:
    4,000 SF
    Lot size:
    8.37 Acres
    Added:
    Jul 25, 2025
    Days on Market:
    278
    Last Refresh:
    Apr 28 at 12:06 pm

    Property Features for 3 Inspiration Lane

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CDD
    Parking
    20
    Standard status
    Active
    Size
    4,000 SF
    Lot size
    8.37 Acres

    Utilities

    Cooling system
    Central Air
    Water source
    Private

    Building Details

    Year built
    2006
    Floors in Building
    1
    Flooring type
    Carpet - Full

    We can help!

    Listing Contact
    Kevin Brignole

    Listing agent Kevin Brignole License #REB.0789593

    Listing office Spaulding Realty Group, LLC 34 E Main St, P.O. Box 234, Plainfield, CT

    Listing date Jul 25, 2025

    MLS# 24114549

    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.

    Overview

    Class A Office Space Available

    This Class A, single-level commercial office building offers 4,000 square feet of professional space, move-in ready and thoughtfully designed for maximum efficiency and comfort. The space is ideal for medical, legal, mental health, tech/startup, or other professional office uses. The modern office features 10 private offices, a conference room, a dedicated tech room, three file/storage rooms, a spacious reception area with an adjacent file/copy area, a lobby for client and guest seating, a kitchenette, and three bathrooms. All offices have windows providing natural light. The building features new flooring throughout, with freshly painted walls and ceilings. High-speed internet is available, and the space is energy efficient, featuring gas heat and central air conditioning. The property is situated on a lot of 8.37 acres and offers lots of parking. The lease is $19.50/SF or $6,500 per month with no CAM charges. The tenant is responsible for all utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rayna's School of Dance Training Center For Arts Sake LLC ... (Bike/Boat/Book/etc) Store Paulson Training Programs, ... Training Center Shoreline Auto Upholstery Auto Repair Shop CT Net Marketing Advertising Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Hotel & Motel Gym & Fitness Center Skin Care Clinic HVAC Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.4704953
    Latitude
    41.4003612

    Nearby Similar for Lease

    • $2,700/Mo

      Remodeled Apartment Near Chester Village

      Remodeled 3-bedroom apartment near shops, restaurants, and highway access.
      98 W Main St, Chester, CT 06412
      View Details
    • $2,200/Mo

      Remodeled Apartment Near Chester Village

      Charming, remodeled apartment near shops and restaurants with modern amenities.
      96 W Main St, Chester, CT 06412
      View Details
    • $17 SF/Yr

      Retail Property in Chester

      Retail property available for sale in Chester, Connecticut.
      189-191 Middlesex Tpke, Chester, CT
      View Details

    FAQs

    What type of property is this?
    Office units - Move-in ready office space with no CAM charges.
    Where is this office units located?
    The property is located at 3 Inspiration Lane Chester, CT.
    What is the lease rate?
    The lease rate is $5,500 /Mo.
    What are key features of this property?
    This property features: Move‑in ready, Class A office space (4,000 SF) suitable for various professional uses.; No CAM charges, simplifying budgeting and reducing overall costs.; Abundant natural light in all 10 private offices due to ample windows.
    (860) 428-3896
    We can help!
    Listing Contact
    Kevin Brignole
    Real Estate License ID: REB.0789593
    Learn More
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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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