Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Branford Office Suite Title is generated by Realmo AI

    17 S Main St, Branford, CT 06405

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

    Second floor office suite in downtown Branford for lease.

    Type:Office
    Property size:
    1,000 SF
    Added:
    Feb 13, 2023
    Days on Market:
    1190
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 17 S Main St

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1954

    Spaces For Lease

    at 17 S Main St Contact us

    1,000 SF - 2nd FL $21/Mo

    Size
    1,000 SF
    Type
    Office
    1,000 SF 2nd Floor office space with elevator access
    Contact us

    We can help!

    Listing Contact
    Nick Leone

    Listing agent Nick Leone License #CT 0825866

    Listing office O, R&L Commercial Branford

    Listing date Feb 13, 2023

    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 O, R&L Commercial Branford

    HighLights

    • Prime downtown location overlooking Main Street
    • 1,000 SF 2nd floor office suite
    • Elevator access to the 2nd floor
    • Close proximity to town green, shops & restaurants
    • Lease Rate: $21/SF Gross + Janitorial
    • Located in the Branford Theater Building

    Overview

    This 1,000 square foot office suite is located on the second floor of the Branford Theater Building. The suite overlooks Main Street and is accessible by elevator. The property is situated in a downtown location, in close proximity to the town green, shops, and restaurants. The lease rate for the second-floor space is $21 per square foot gross, plus janitorial services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rock Garden (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Branford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8254586
    Latitude
    41.2784909

    Nearby Similar for Lease

    • $650/Mo
      60 SF

      Downtown Branford Commercial Suite

      Private treatment room in prime downtown location with utilities included.
      183 Montowese Street, Branford, CT 06405
      View Details
    • $4,000/Mo
      2,720 SF

      Branford Retail/Restaurant Space Available

      Prime downtown location suitable for retail or restaurant use.
      1205 Main Street, Branford, CT 06405
      View Details
    • $400/Mo
      3,000 SF

      Turn-Key Office Space Available

      Full-service office space with shared amenities near downtown Branford.
      491 Main Street, Branford, CT 06405
      View Details
    • $1,125/Mo
      650 SF

      Move-in Ready Office Suite

      Second-floor office suite in Branford, ideal for professionals.
      765 E Main St, Branford, CT
      View Details
    • $3,500/Mo
      1,167 SF

      Waterfront Apartment in Linden Shores

      Remodeled one-bedroom apartment with water views in desirable shoreline community.
      133 Linden Ave Apt B, Branford, CT 06405
      View Details
    • $2,300/Mo
      1,500 SF

      Spacious Remodeled Apartment Near Green

      Charming 3-bedroom apartment near Branford Green, restaurants, brewery, shops.
      17 Wilford Ave 2, Branford, CT 06405
      View Details
    • $1,050/Mo
      3,706 SF

      Second Floor Office Space

      Office space near Branford Green with shared conference room.
      175 Montowese Street, Branford, CT 06405
      View Details
    • $2,400/Mo
      2,480 SF

      Remodeled Office Space For Rent

      Recently remodeled office space with river views and ample parking.
      151 Meadow Street #2, Branford, CT 06405
      View Details
    • $650/Mo
      60 SF

      Downtown Branford Treatment Room

      Treatment room in a prime downtown location with utilities included.
      183 Montowese Street #A2, Branford, CT 06405
      View Details
    • $2,850/Mo
      1,700 SF

      Luxury Townhouse Near Yale

      1700 sq ft townhouse with 3 bedrooms, available 4/1.
      37 Brainerd Rd, Branford, CT 06405
      View Details
    • $21 SF/Yr
      960 SF

      Medical/Office Space For Lease

      960± SF medical/office space available in Branford, CT.
      Summit Pl 2, Branford, CT
      View Details
    • $16 SF/Yr
      2,850 SF

      Renovated Retail Space Available

      Newly renovated retail space in Branford, CT.
      221 W Main St, Branford, CT
      View Details

    FAQs

    What type of property is this?
    Office units - Second floor office suite in downtown Branford for lease.
    Where is this office units located?
    The property is located at 17 S Main St Branford, CT.
    What are key features of this property?
    This property features: Prime downtown location overlooking Main Street; 1,000 SF 2nd floor office suite; Elevator access to the 2nd floor
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nick Leone
    Real Estate License ID: CT 0825866
    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

    Thank You for Inquiry
    17 S Main St, Branford, CT 06405
    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!