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    2 Morse Rd Oxford, CT 06478

    Sponsored
    For Sale
    $3,200,000

    33,000 SF Multi-Use Property, High NOI

    Property size:
    33,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 33,000 square foot commercial property at 2 Morse Road in Oxford, Connecticut, presents a unique investment opportunity. Built in 1988 and renovated in 2003, this three-story building boasts a desirable blend of executive office and warehouse space, perfectly suited for a variety of businesses. The property sits on a generous 3.96-acre lot and includes ample parking for 60 vehicles, along with two convenient loading docks. The upper level offers approximately 14,000 square feet of well-appointed office space, while the main level provides approximately 15,000 square feet of production or warehouse area. A lower-level warehouse adds another 4,000 square feet of functional space. The building features impressive 11-foot ceilings. Currently, the property generates a substantial net operating income (NOI) of $288,000 annually, with a lease in place through December 21, 2026, including a three-year option to extend. The lease includes pre-determined rent increases for the years 2025 and 2026. The property is zoned for industrial use, offering flexibility and potential for future expansion. Asking price is $3,200,000. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable Connecticut location.

    Property Features for 2 Morse Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    33,000 SF
    Lot Size
    172,498 SF

    Building Details

    Year Built/Renovated
    1988/2003
    Stories
    3

    HighLights

    • 14,000 SF of office space on the upper level with approximately 60 parking spaces.
    • 15,000 SF of production/warehouse space on the main level.
    • 4,000 SF of warehouse space on the lower level.
    • Current lease expires 12/21/26 with a three‑year option; $24,000/month ($288,000 annually) through 12/31/24.
    • Rent increases effective 1/1/25 and 1/1/26.
    Property Profile Location Intelligence

    Current Use by Public Records

    Morse Watchmans Incorporated Electronics Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Auto Repair Shop Hair Salon Wholesale Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.149634
    Latitude
    41.4709855

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    FAQs

    What type of property is this?
    Distribution property - 33,000 SF Multi-Use Property, High NOI
    Where is this distribution property located?
    The property is located at 2 Morse Rd Oxford, CT.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 14,000 SF of office space on the upper level with approximately 60 parking spaces.; 15,000 SF of production/warehouse space on the main level.; 4,000 SF of warehouse space on the lower level.
    Request Owner's contact information
    2 Morse Rd Oxford, CT 06478
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    Realmo Value Estimation

    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.

    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.

    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
    2 Morse Rd Oxford, CT 06478
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