Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    86 Hopmeadow St Simsbury, CT 6089

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A office building for rent in Tower Business Park.

    Type:Office
    Added:
    May 8, 2020
    Days on Market:
    2171
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 86 Hopmeadow St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 86 Hopmeadow St Contact us

    1st Floor Ste #3 $23 /Mo

    Size
    2,690 SF
    Type
    Office
    Contact us

    3rd Floor $23 /Mo

    Size
    11,743 SF
    Type
    Office
    Contact us

    1st FL-Ste 4 $23 /Mo

    Size
    1,917 SF
    Type
    Office
    Contact us

    1st Floor Suite #1 $22 /Mo

    Size
    2,144 SF
    Type
    Office
    Contact us

    1st Floor Ste #2 $23 /Mo

    Size
    5,860 SF
    Type
    Office
    Contact us

    2nd Floor Ste $23 /Mo

    Size
    15,009 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Mark Greenberg

    Listing agent Mark Greenberg License #CT REB.0789919

    Listing office Mark Greenberg Real Estate Co

    Listing date May 8, 2020

    Source Crexi

    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 Mark Greenberg Real Estate Co

    Overview

    Class A Office in Simsbury

    This Class A office building is situated in Tower Business Park, located in Simsbury, Connecticut. The property is suitable for commercial real estate purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sodexo Property Management Company HealthAbility Association Or Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Simsbury
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.820183
    Latitude
    41.831575

    Nearby Similar for Lease

    • Contact for pricing

      Four Bay Garage with Office

      Garage with office, shed, and lifts available for rent.
      20 Main Street, Simsbury, CT 06081
      View Details
    • $16/mo

      Medical/Office Space in Simsbury

      Medical/office suites available for lease in Simsbury, CT.
      381 Hopmeadow Street, Simsbury, CT, 06089
      View Details
    • Contact for pricing

      Simsbury Center Move-In Ready Unit

      Move-in ready unit near downtown Simsbury's amenities and recreation.
      37 Bushy Hill Rd, Simsbury Center, CT 06070
      View Details
    • Contact for pricing

      Office Space in Simsbury, CT

      Office space for lease in Simsbury, Connecticut.
      175 Powder Forest Dr, Simsbury, CT 06089
      View Details
    • Contact for pricing

      Spacious Apartment in Central Location

      Two-bedroom apartment in a quiet, centrally located complex.
      949 Hopmeadow St 28, Simsbury, CT 06070
      View Details
    • $17/mo

      Retail/Office Space in Simsbury

      New mixed-use development with retail/office space for lease.
      200 Hopmeadow Street, Simsbury, CT, 06089
      View Details
    • Contact for pricing

      Suburban Office Building in Simsbury

      Three-story office building in corporate park setting, convenient location.
      125 Powder Forest Drive, Simsbury, CT, 06089
      View Details
    • Contact for pricing

      Suburban Office Building in Simsbury

      Four-story office building in corporate park setting, convenient location.
      175 Powder Forest Drive, Simsbury, CT, 06089
      View Details
    • Contact for pricing

      Retail/Office Space For Rent

      Retail or office space available in high-traffic location.
      134 West Street #R, Simsbury, CT 06070
      View Details
    • $20/mo

      Simsbury Retail and Office Space

      Retail and office spaces available in Simsbury, Connecticut.
      828 Hopmeadow Street, Simsbury, CT 06070
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space suitable for various businesses.
      1404 Hopmeadow Street #1406, Simsbury, CT 06070
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      Retail and drive-thru spaces available, co-tenancy with Chipotle.
      1285 Hopmeadow St, Simsbury, CT
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office building for rent in Tower Business Park.
    Where is this office building located?
    The property is located at 86 Hopmeadow St Simsbury, CT.
    What are key features of this property?
    This property features: Class A Office Building; Located in Tower Business Park; Prestigious Simsbury Location
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Greenberg
    Real Estate License ID: CT REB.0789919
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!