Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Office Building in Essex Title is generated by Realmo AI

    31 North Main Street, Essex, CT 06426

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,195,000

    Original 1916 E.E. Dickinson office building with historic details.

    Type:Commercial
    Property size:
    12,600 SF
    Lot size:
    0.78 Acres
    Price / SF:
    $174/SF
    Added:
    Dec 18, 2025
    Days on Market:
    156
    Last Refresh:
    Apr 5 at 8:25 pm

    Property Features for 31 North Main Street

    General Information

    Standard status
    Active
    Size
    12,600 SF
    Lot size
    0.78 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1916

    We can help!

    Listing Contact
    SUSAN MALAN
    SUSAN MALAN

    Listing agent SUSAN MALAN License #REB.0794430

    Listing office William Pitt Sotheby's Int'l

    Listing date Dec 18, 2025

    Source Corcoran

    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 William Pitt Sotheby's Int'l

    HighLights

    • Water views of the Connecticut River.
    • Prime location: Stroll to Essex Village with restaurants, marinas, and galleries.
    • Rich in Essex history: Original E.E. Dickinson office building.
    • Many original finishes from 1916 remain.
    • Multiple offices: 11 offices on both the main and upper levels.
    • Lower level: Includes 4 private offices, reception area, IT room, and secure storage.

    Overview

    This historic office building, originally constructed in 1916 as the E.E. Dickinson office, retains many of its original finishes. The property offers a total size of 12,600 square feet. The main level features 11 offices, a copy/mail room, and 2 lavatories. The upper level includes 11 offices and 3 lavatories. The lower level comprises 4 private offices, a reception area, an IT room, a secure storage room, and 2 lavatories. Many offices provide water views of the Connecticut River. The location allows for walking access to Essex Village, with its restaurants, marinas, and galleries.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.3908
    Latitude
    41.3565

    Nearby Similar for Sale

    • $2,195,000
      12,600 SF

      Historic Office Building in Essex

      Original 1916 office building with Connecticut River views.
      31 N Main Street, Essex, CT 06426
      View Details
    • $829,000
      7,309 SF

      Mixed-Use Property with Two Apartments

      Mixed-use property with apartments and flex space in Essex, CT.
      33 Deep River Road, Essex, CT 06409
      View Details
    • $829,000
      7,309 SF

      Mixed-Use Property in Essex, CT

      Mixed-use property with apartments and flex space on 0.74 acres.
      33 Deep River Road, Essex, CT 06409
      View Details
    • $240,000
      1,644 SF

      Wildwood Medical Center Office Condo

      Remodeled medical office condo near Route 9 and I-95.
      35 Saybrook Road, Essex, CT 06426
      View Details
    • $469,900
      1,252 SF

      Charming Two-Unit Income Property

      Well-maintained two-unit property in the heart of Centerbrook.
      46 Main Street, Essex, CT 06409
      View Details
    • $1,300,000
      2,760 SF

      Historic Mixed-Use Property in Essex

      Reimagined John Miner House in the heart of Essex Village.
      11 N Main Street, Essex, CT 06426
      View Details
    • $1,300,000
      3,036 SF

      Historic Essex Mixed-Use Property

      Reimagined John Miner House in the heart of Essex.
      11 N Main Street, Essex, CT 06426
      View Details
    • $2,450,000
      15,316 SF

      Essex Commercial Property For Sale

      Highly visible commercial property suitable for multiple uses.
      192 Westbrook Road, Essex, CT 06409
      View Details
    • $2,195,000

      Historic Office Building in Essex

      Original 1916 E.E. Dickinson office building with water views.
      31 N Main St, Essex, CT 06426
      View Details
    • $469,900

      Centerbrook Two-Unit Income Property

      Well-maintained two-unit property in the heart of Centerbrook.
      46 Main St, Essex, CT 06409
      View Details
    • $469,900
      1,252 SF

      Centerbrook Two-Unit Income Property

      Well-maintained two-unit property in the heart of Centerbrook.
      46 Main Street, Essex, CT 06409
      View Details
    • $795,000
      4,544 SF

      Iconic Essex Commercial Mixed-Use Property

      Historic Essex commercial property approved for mixed-use development.
      3 Essex Square, Essex, CT 06426
      View Details

    FAQs

    What type of property is this?
    Office building - Original 1916 E.E. Dickinson office building with historic details.
    Where is this office building located?
    The property is located at 31 North Main Street Essex, CT.
    What is the asking price?
    The asking price for this property is $2,195,000.
    What are key features of this property?
    This property features: Water views of the Connecticut River.; Prime location: Stroll to Essex Village with restaurants, marinas, and galleries.; Rich in Essex history: Original E.E. Dickinson office building.
    (860) 767-7488
    We can help!
    Listing Contact
    SUSAN MALAN
    SUSAN MALAN
    Real Estate License ID: REB.0794430
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    31 North Main Street, Essex, CT 06426
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!