15 Research Dr, Woodbridge, CT 06525
- Industrial properties
- 14,140 SF
- 2.26 lot acres
Current Use by Public Records
- Baron Therapy Services, LLC / Medical Clinic
- Organizational Performance Group / Business Management Consultant / Business Development Service
- Huestis Tucker Architects / Architect
- Lisa Baron / Physician
- Accurate Land Surveying, LLC / Land Surveyor
Property Details for 15 Research Dr
- Year built
- 2003
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.26 lot acres
- Zone code
- DEV2
- Property type
- Industrial properties
- APN
- WBRD M:02304 B:01555 L:15
- APU
- WBRDM02304B01555L15
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 18, 2019 | — | Research Props LLC | Dev At Research | Warranty Deed | $800k · Research Dev At W |
| Sep 12, 2012 | — | Dev Bradley Rd Research | — | Deed Of Trust · related | $3M · First Niagara Bank |
| Oct 22, 2004 | — | Research Dev West LLC | — | Deed Of Trust · related | $950k · Newalliance Bank |
| Jun 5, 1998 | $75,000 | James Urbano | Sal War INC | Warranty Deed | — |
| Feb 24, 1997 | — | Sal War INC | — | Deed Of Trust · related | $20k · Peoples Bank |
| Jun 5, 1995 | $50,000 | Sal War INC | New Haven Sb | Grant Deed | $38k · New Haven Savings Bank |
Description
This exceptional two-story office building, situated on 2.3 acres at 15 Research Drive in Woodbridge, Connecticut, presents a fantastic leasing opportunity. Built in 2005, the property boasts a total of 14,771 square feet, with 3,600 square feet currently available for lease in a single-tenant configuration. The building is zoned C-2 and features a contemporary design incorporating both open work areas and five private offices, several of which can comfortably accommodate two individuals. The available space offers a flexible layout ideal for a variety of businesses. The first-year lease rate is $6,000 per month, plus utilities. The property's convenient location in Woodbridge, Connecticut, zip code 06525, provides easy access to major transportation routes and amenities. This is a rare opportunity to secure a modern, well-maintained office space in a desirable location. The building's single-tenant occupancy ensures a quiet and productive work environment. The ample land area offers potential for future expansion or outdoor amenities. This property is perfect for a company seeking a functional and stylish workspace in a thriving Connecticut community. Don't miss this chance to establish your business in this prime location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,255,000
- 6.5%
- $2,085,000
- 7%
- $1,935,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,303,000
- AI Estimate
- $1,799,000
Market price range: $714k - $1.30MMarket price range: $337k - $1.80M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,070,000
- COMMERCIAL (GENERAL)
- $1,745,000
- OFFICE BUILDING
- $1,525,000
- APARTMENT HOUSE (5+ UNITS)
- $1,525,000
- RETAIL STORES
- $1,500,000
- AUTO REPAIR, GARAGE
- $1,280,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Woodbridge
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.9741
- Latitude
- 41.3455
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
