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

    3 Research Dr Branford, CT 06405

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $950 /Mo ($4 SF/Yr)

    Industrial spaces for lease, ranging from 800 to 2,400 square feet.

    Property size:
    2,400 SF
    Lot size:
    6.04 Acres

    Property Features for 3 Research Dr

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    6.04 Acres

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Norman Peck
    Source: Corcoran

    Listing Agency: Signature Properties of NewEng Listing Agent: Norman Peck

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

    Learn more

    Overview

    Industrial Spaces For Lease

    Located just off I-95, this property offers industrial spaces for lease within an industrial park setting. Available spaces range from 800 square feet to 2,400 square feet, with lease rates starting at $950 per month, plus utilities. The spaces feature 12-foot ceilings and one 8-foot overhead door. The property is handicapped accessible and includes central air conditioning, public water, public sewer, and natural gas. It is zoned IG-1 Industrial.
    Location Intelligence

    Current Use by Public Records

    Nantucket Custom Flooring General Contractor Nantucket Custom Flooring ... Carpet & Flooring Store A & J Automotive Auto Repair Shop Amity Home Maintenance ... Roofing Company Window Products Awning ... (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Branford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.76802
    Latitude
    41.304716

    Nearby Similar for Lease

    • New
      $700 /Mo
      60 SF

      Downtown Branford Treatment Room

      Treatment room in downtown Branford, ideal for spa or medical.
      183 Montowese St, Branford, CT 06405
      View Details
    • New
      $400 /Mo
      3,000 SF

      Turn-Key Office Space Available

      Full-service office space with shared amenities near downtown Branford.
      491 Main St, Branford, CT 06405
      View Details
    • New
      $4,500 /Mo
      2,720 SF

      Branford Retail/Restaurant Space Available

      Prime downtown Branford location suitable for retail or restaurant use.
      1205 Main St, Branford, CT 06405
      View Details
    • New
      $1,500 /Mo
      1,476 SF

      Branford Commercial Space For Lease

      Two-story commercial building with high visibility and ample parking.
      303 Main St, Branford, CT 06405
      View Details
    • $1,125 /Mo
      650 SF

      Move-in Ready Office Suite

      Second-floor office suite in Branford, ideal for professionals.
      765 E Main St, Branford, CT 06405
      View Details
    • $2,500 /Mo

      Renovated Office Suite in Branford

      Move-in ready, renovated 5-room office suite in prime location.
      220 E Main St, Branford, CT 06405
      View Details
    • $2,400 /Mo

      Remodeled Office Space For Rent

      Recently remodeled office space with private offices and common areas.
      151 Meadow St, Branford, CT 06405
      View Details
    • $16 SF/Yr
      2,850 SF

      Renovated Retail Space Available

      Newly renovated retail space in Branford, CT.
      221 W Main St, Branford, CT 06405
      View Details
    • $1,050 /Mo
      3,706 SF

      Second Floor Office Space

      Office space near Branford Green with shared conference room.
      175 Montowese St, Branford, CT 06405
      View Details
    • $700 /Mo
      60 SF

      Downtown Branford Treatment Room

      Treatment room in a prime downtown location with utilities included.
      183 Montowese St, Branford, CT 06405
      View Details
    • Contact for pricing
      1,790 SF

      Branford Office/Retail Space Available

      Professional office space for lease in high-traffic Branford location.
      61 N Main St, Branford, CT 06405
      View Details
    • Contact for pricing
      1,395 SF

      Retail Space on Route 1

      Prime retail location on the area’s busiest retail corridor.
      972 W Main St, Branford, CT 06405
      View Details

    FAQs

    What type of property is this?
    Flex space - Industrial spaces for lease, ranging from 800 to 2,400 square feet.
    Where is this flex space located?
    The property is located at 3 Research Dr Branford, CT.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Convenient I-95 Access; - Flexible Space: **800sf - 2,400sf Available**; - Affordable: Starting at $950/mo
    (860) 447-8839
    Request Owner's contact information
    3 Research Dr Branford, CT 06405
    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.
    3 Research Dr
    Branford, CT 06405
    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
    3 Research Dr Branford, CT 06405
    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
    Norman Peck
    (860) 447-8839 (860) 460-9757
    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!