Ground-Floor Office
For Sale
Contact for pricing
508-510 Tolland St, East Hartford, CT 06108
This commercial unit offers a practical setting for professional and service-oriented operations.
Property Size3,220 SF
Price / SF$0.00
Days on Market143
Property Features for 508-510 Tolland St
General Information
Standard status
Active
Size
3,220 SF
Building Details
Year Built
1989
Listing Agency:
Century 21 AllPoints Realty
Listed By:
Dhaval Patel (203) 606-5834 (203) 265-1931 · License #RES.0814063
(860) 621-8378
Source:
Centralconnecticuthomefinder
Added: May 27
Changed: Oct 1
Last Checked: Oct 16 at 9:38AM
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 Century 21 AllPoints Realty
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Investment Insights
Based on property information with market context.
The property comprises a 3,220-square-foot office unit on the ground floor of a commercial building constructed in 1989. Its stated use profile includes medical, professional, financial, insurance, nonprofit, and other service-oriented businesses.
Located at 508-510 Tolland St in East Hartford, Connecticut, the unit provides an office setting for organizations seeking space within an established commercial building. The ground-floor configuration supports convenient access for occupants and visitors.
Located at 508-510 Tolland St in East Hartford, Connecticut, the unit provides an office setting for organizations seeking space within an established commercial building. The ground-floor configuration supports convenient access for occupants and visitors.
Key Highlights
- 3,220‑square‑foot ground‑floor office unit
- Building constructed in 1989
- Use profile includes medical, financial, insurance, nonprofit, and service‑oriented businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,947
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,940
$998.9K
Cap Rate 7%
$713,529
$713.5K
Cap Rate 9%
$554,967
$555.0K
Market Conditions
NOI Build-Up for 3,220 SF
Gross rent
$86.9K $27.00/SF
− Vacancy
−$20.3K −$6.32/SF
EGI
$66.6K $20.68/SF
− OpEx
−$16.6K −$5.17/SF
NOI
$49.9K $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%
$998,940
Cap Rate 7%
$713,529
Cap Rate 9%
$554,967
Alternative Uses
Best Use
Office B
$713.5K
$624.3K – $832.5K
NOI $49,947 @ 7.0% cap · market cap 356,764.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$959.8K
$839.8K – $1.12M
NOI $67,185 @ 7.0% cap · market cap 479,892.86%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
648
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - This commercial unit offers a practical setting for professional and service-oriented operations.
Where is this office units located?
The property is located at 508-510 Tolland St East Hartford, CT.
What are key features of this property?
This property features: 3,220‑square‑foot ground‑floor office unit; Building constructed in 1989; Use profile includes medical, financial, insurance, nonprofit, and service‑oriented businesses
