Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    15 Palomba Dr Enfield, CT 06082

    • Office Properties & Spaces
    • 1,003 SF
    • 3.30 lot acres
    For Sale
    View listing
    $395,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fignar Family Practice LLC / Family Practice Physician / Physician Assistant
    • Fignar Family Practice LLC: Fignar Timothy MD / Family Practice Physician
    • Columbia Dental / Dentist
    • Center for the Healthy Heart / Medical Center
    • Dr. Maria Renna, MD / Doctor

    Property Details for 15 Palomba Dr

    Year built
    1986
    Lot size
    3.30 lot acres
    Property size
    1,003 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional investment opportunity presents a 3,129-square-foot medical or executive office condo unit for sale at 15 Palomba Drive in Enfield, Connecticut. Located in a convenient location, less than half a mile from I-91, between routes 220 and 190, this single-story building offers easy access to major transportation arteries. The property boasts a desirable 3.48 parking ratio per 1,000 square feet, ensuring ample parking for staff and clients. Currently leased until April 30, 2026, this presents a strong owner-user opportunity or a compelling investment prospect with a 10.75% cap rate. Built in 1986, the property sits on a 3.3-acre lot and is zoned BR. Condo fees cover essential services including gas heat, trash removal, janitorial services, landscaping, and snow removal, minimizing ongoing maintenance responsibilities. The property features a total of two units within a single building. The net rentable square footage is 3,129 square feet. This property is ideal for medical professionals or businesses seeking a well-maintained, conveniently located office space in a thriving area with high traffic volume (25,800 ADT) and excellent road frontage (292 feet). The property's strong leasehold and attractive cap rate make it a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Enfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5736
    Latitude
    41.9971

    Comparable in this City

    • Value Estimation
      $255,000
      827 SF

      75 Hazard Ave, Unit M2

      CONDOMINIUM OFFICES • 827 SF
      75 Hazard Ave, Enfield, CT 06082-3887
      View Details
    • Value Estimation
      $265,000
      348 SF

      64 Palomba Dr Ste, Unit 6

      CONDOMINIUM OFFICES • 348 SF
      64 Palomba Dr Ste, Enfield, CT 06082-3850
      View Details
    • Value Estimation
      $260,000
      853 SF

      150 Hazard Ave Ste C3

      CONDOMINIUM OFFICES • 853 SF
      150 Hazard Ave Ste C3, Enfield, CT 06082-4587
      View Details
    • Value Estimation
      $260,000
      573 SF

      150 Hazard Ave Ste C5

      CONDOMINIUM OFFICES • 573 SF
      150 Hazard Ave Ste C5, Enfield, CT 06082-4587
      View Details
    • Value Estimation
      $265,000
      305 SF

      75 Hazard Ave, Unit G

      CONDOMINIUM OFFICES • 305 SF
      75 Hazard Ave, Enfield, CT 06082-3887
      View Details
    • Value Estimation
      $60,000
      885 SF

      75 Hazard Ave, Unit I

      CONDOMINIUM OFFICES • 885 SF
      75 Hazard Ave, Enfield, CT 06082-3887
      View Details

    Similar Nearby for Sale

    • $395,000
      1,003 SF

      Enfield Medical Office Condo

      Prime Enfield location, 3,129 sq ft.
      15 Palomba Dr, Enfield, CT 06082
      View Details
    • $299,900

      Enfield Professional Center Office Suite

      Spacious 2,610 SF office suite in Enfield Professional Center.
      150 And B2, Enfield, CT 06082
      View Details
    • Contact for pricing
      13,800 SF

      Enfield Executive Office Building

      13,800 SF Office, 80 Parking Spaces
      15 Mullen Rd, Enfield, CT 06082
      View Details
    • $775,000
      7,500 SF

      Two-Story Office Building For Sale

      Two-story office building with parking near I-91 and retail.
      7 Taylor Rd, Enfield, CT 06082
      View Details
    • Contact for pricing
      2,434 SF

      Enfield Office Space Available

      2,434 square foot office space for sale in Enfield.
      580 Hazard Ave, Enfield, CT 06082
      View Details
    • $1,285,000
      16,845 SF

      Enfield Flex Facility For Sale

      16,845 SF flex facility with office and warehouse space.
      270 Washington Rd, Enfield, CT 06082
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,400 SF

      Hazard Place Center Office Space

      Enfield, CT Office Suites Available
      155 Hazard Ave, Enfield, CT 06082
      View Details
    • $2,500 /Mo
      2,000 SF

      Enfield Commercial Space For Lease

      Over 2000 sq ft of open space available for lease.
      9 North Main St, Enfield, CT 06082
      View Details
    • $18 SF/Yr
      2,693 SF

      Commercial Space in Enfield, CT

      New commercial space for lease in Enfield's Scitico district.
      619 Hazard Ave, Enfield, CT 06082
      View Details
    • $18 SF/Yr
      2,089 SF

      Commercial Space in Enfield, CT

      New commercial spaces for lease in Enfield's Scitico district.
      619 Hazard Ave, Enfield, CT 06082
      View Details
    • Contact for pricing
      13,430 SF

      Enfield Executive Office Suite For Lease

      Modern office, 540 SF, prime location.
      1654 King St, Enfield, CT 06082
      View Details
    • $8 SF/Yr
      136,909 SF

      Enfield Plaza: Flex Space Available

      Retail, office, industrial space for lease
      604 Enfield St, Enfield, CT 06082
      View Details
    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.
    15 Palomba Dr
    Enfield, CT 06082
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.