Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Medical/Retail Space Available Title is generated by Realmo AI

    42 E High St, East Hampton, CT 06424

    View on Map
    Claim this Listing
    For Lease
    $27 SF/Yr $41,193/Mo (calc)

    Move-in ready medical office and retail space in East Hampton.

    Type:Retail
    Property size:
    18,308 SF
    Added:
    Nov 21, 2025
    Days on Market:
    189
    Last Refresh:
    May 9 at 2:56 am

    Property Features for 42 E High St

    General Information

    Standard status
    Active
    Size
    18,308 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1990

    Spaces For Lease

    at 42 E High St Contact us

    We can help!

    Listing Contact
    Kevin Kenny

    Listing agent Kevin Kenny

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Kevin Kenny

    HighLights

    • Turnkey medical office (2,320 sf) & freestanding retail space (1,000 sf) - move‑in ready, fully built‑out spaces for immediate occupancy.
    • Prime location - high road visibility and excellent frontage in East Hampton, CT.
    • Ample parking - approximately 70 parking spaces for convenient customer access.
    • Strong business community - surrounded by established businesses, attracting consistent traffic.
    • Recently renovated - modernized and fully functional, minimizing upfront investment.
    • Lake Pocotopaug proximity - boosts foot traffic and consumer demand due to year‑round recreation.

    Overview

    This commercial property features a 2,320 square foot turnkey medical office space, fully built out with exam rooms, a lab, and a reception area, equipped with the necessary infrastructure for medical use. Additionally, there is a 1,000 square foot turnkey freestanding retail space, suitable for a liquor store or similar retail business. Constructed in 1990 and recently renovated, the property offers modernized and fully functional spaces ready for immediate occupancy. It is situated in a prime location with high road visibility and excellent frontage, ensuring maximum exposure. The property benefits from a strong business community, surrounded by establishments such as The Dublin Pub, China Dragon, H&R Block, and Middlesex Health Family Medicine. Ample parking is available, with approximately 70 parking spaces. All utilities are fully functional. Located in East Hampton, CT, the property is positioned to benefit from a growing and vibrant community. East Hampton is known for its charming small-town feel, strong local economy, and increasing demand for retail and dining options. Lake Pocotopaug, a popular year-round destination for boating, fishing, and waterfront recreation, attracts both residents and visitors, boosting foot traffic and creating strong consumer demand. East Hampton also benefits from a steady influx of young families moving to the area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Adriel A. Kramer, MD Physician Lakeview Court Apartment Building Zack Cathy J ... Physician Kimberly Legere-Sharples, MD, ... Physician ProHealth Physicians, Carrie ... Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    East Hampton
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.4999
    Latitude
    41.584

    Nearby Similar for Lease

    • $1,200/Mo
      1,200 SF

      Versatile Office/Workshop Space Available

      Flexible 1,200 sq ft office/workshop space for rent.
      13 North MAIN Street, East Hampton, CT 06424
      View Details
    • $1,600/Mo
      900 SF

      Versatile Commercial Unit in Downtown

      Adaptable commercial space in East Hampton's heart, suitable for various uses.
      10 Summit Street #7, East Hampton, CT 06424
      View Details
    • $25 SF/Yr

      Restaurant Space in Mixed-Use Development

      Ground-floor restaurant space with customizable layout and outdoor patio.
      136 East High Street, East Hampton, CT 06424
      View Details
    • $25 SF/Yr
      8,902 SF

      East Hampton Retail/Medical Space

      8,902 SF space suitable for retail or medical use.
      151 E High St, East Hampton, CT
      View Details
    • $27 SF/Yr

      Retail and Medical Spaces

      Retail and medical spaces in the heart of East Hampton.
      42 E High St, East Hampton, CT 06424
      View Details
    • $5,000/Mo
      5,000 SF

      Spacious Standalone Building, Build-Out Ready

      5,000 sq ft building suitable for retail, office, medical.
      13 north Main Street, East Hampton, CT 06424
      View Details
    • $500/Mo
      700 SF

      Modern Office Space For Lease

      Bright, versatile 700 sq ft office space for lease.
      13 NORTH MAIN Street, East Hampton, CT 06424
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in East Hampton, CT.
      11 Edgewater Circle, East Hampton, CT 06424
      View Details
    • $999/Mo
      750 SF

      Small Office Space Available

      750 sqft office space for rent, flexible terms.
      205 East High Street #3, East Hampton, CT 06424
      View Details
    • Contact for pricing
      1,000 SF

      Renovated Apartment Near Lake Pocotopaug

      Completely renovated apartment in the heart of East Hampton.
      7 Main Street Unit 1, East Hampton, CT 06424
      View Details
    • $1,200/Mo
      800 SF

      East Hampton Office Space Available

      Office space in the heart of East Hampton for rent.
      10 Summit Street #8, East Hampton, CT 06424
      View Details
    • Contact for pricing
      2,500 SF

      Dominant Shopping Center Retail Space

      Retail space available in East Hampton Plaza shopping center.
      9 E High St, East Hampton, CT
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready medical office and retail space in East Hampton.
    Where is this medical office space located?
    The property is located at 42 E High St East Hampton, CT.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Turnkey medical office (2,320 sf) & freestanding retail space (1,000 sf) - move‑in ready, fully built‑out spaces for immediate occupancy.; Prime location - high road visibility and excellent frontage in East Hampton, CT.; Ample parking - approximately 70 parking spaces for convenient customer access.
    (860) 930-1099
    We can help!
    Listing Contact
    Kevin Kenny
    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
    42 E High St, East Hampton, CT 06424
    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!