Property profile

391 Norwich-Westerly Rd North Stonington, CT 06359

OFF-MARKET
Office Spaces
700 SF Built 1988
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Property summary

AI-generated overview

This exceptional 700-square-foot medical office space is ideally situated on the second floor of Holly Green Plaza, a three-building complex boasting a total of 100 parking spaces. Located approximately 1.5 miles north of I-95, this single-tenant suite offers convenient access to major transportation routes. The Class B building, constructed in 1988, features a two-story design with elevator access. The space itself is well-appointed with a private bathroom, an open floor plan conducive to various medical or professional uses, and a separate private office. The layout is highly adaptable to a range of medical practices or professional services. The building benefits from a high average daily traffic count of 12,500 vehicles, ensuring high visibility and accessibility for patients and clients. Ample parking is readily available for tenants and visitors. This fully vacant suite is available for lease at a monthly rate of $1,150, plus utilities. Note that this unit, and a comparable adjacent space, are also available for purchase. The property is zoned C Commercial, allowing for a variety of permitted uses.

Property profile

Verified
Property type Office Spaces
Year built 1988
Total area 700 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

391 Norwich-Westerly Rd North Stonington, CT 06359
North Stonington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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