Flexible-Layout Office
For Sale
Contact for pricing
305 Burnside Ave, East Hartford, CT 06108
Utilities are included, and the five-room configuration may be divided to accommodate a smaller office requirement.
Property Size770 SF
Price / SF$1.10
Days on Market17
Property Features for 305 Burnside Ave
General Information
Standard status
Active
Size
770 SF
Building Details
Year Built
1972
Listing Agency:
Graham Real Estate
Listed By:
Peter R. Graham (860) 289-1541 (860) 289-1541 · License #REB0274559
(860) 605-4119
Source:
Fairfieldcounty-properties
Added: Oct 1
Changed: Oct 16
Last Checked: Oct 16 at 2:12PM
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 Graham Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 770-square-foot office suite contains five rooms, with the layout offering the option to divide the space. Utilities are included, and off-street parking is available.
At 305 Burnside Ave in East Hartford, the property directly adjoins a city park. Built in 1972, the office provides a defined multi-room arrangement with potential to lease a smaller section.
At 305 Burnside Ave in East Hartford, the property directly adjoins a city park. Built in 1972, the office provides a defined multi-room arrangement with potential to lease a smaller section.
Key Highlights
- 770‑square‑foot office suite
- Five rooms with potential to divide the space
- Utilities included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,944
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,880
$238.9K
Cap Rate 7%
$170,629
$170.6K
Cap Rate 9%
$132,711
$132.7K
Market Conditions
NOI Build-Up for 770 SF
Gross rent
$20.8K $27.00/SF
− Vacancy
−$4.9K −$6.32/SF
EGI
$15.9K $20.68/SF
− OpEx
−$4.0K −$5.17/SF
NOI
$11.9K $15.51/SF
Area
Hartford, CT
Vacancy
23.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,880
Cap Rate 7%
$170,629
Cap Rate 9%
$132,711
Alternative Uses
Best Use
Office B
$170.6K
$149.3K – $199.1K
NOI $11,944 @ 7.0% cap · market cap 1,405.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$229.5K
$200.8K – $267.8K
NOI $16,066 @ 7.0% cap · market cap 1,890.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
Explore this area
Business Placement
Demographics for 06108, CT
24,201
Population
9,963
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
85%
High-School Grad
8.1 sq mi
ZIP Area
2,988
Density / Sq Mi
$55,766
Median Household Income
$35,801
Median Earnings
$1,161
Median Rent
$218,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Utilities are included, and the five-room configuration may be divided to accommodate a smaller office requirement.
Where is this office units located?
The property is located at 305 Burnside Ave East Hartford, CT.
What are key features of this property?
This property features: 770‑square‑foot office suite; Five rooms with potential to divide the space; Utilities included
