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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Lorenz Industrial Pkwy Ledyard, CT 06339

    • Commercial real estate
    • 5.51 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0830933
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Any Size Space Storage / Self-Storage Facility
    • Ciotiola Robert MD / Doctor
    • Robert Ciotola / Family Practice Physician
    • Dr. Audrey C. Shank, MD / Doctor
    • L&m Physicians Associates Pc / Physician Referral Service

    Property Details for 2 Lorenz Industrial Pkwy

    Lot size
    5.51 lot acres
    Zone code
    CIP
    Property type
    Commercial real estate
    APN
    LEDY M:125 B:1380 L:2
    APU
    LEDYM125B1380L2

    Description

    This exceptional 2,800 square foot Class A office space is available for lease at 2 Lorenz Industrial Parkway in Ledyard, Connecticut. Located within the Ledyard Industrial Commercial Park, this single-story, 1994-built building sits on a 5.51-acre lot and is zoned CIP. The property features a versatile layout currently configured as a medical office, including a reception and waiting area, eight exam rooms each equipped with sinks, and two bathrooms (one handicap accessible). The space is fully vacant and ready for immediate occupancy. Central air conditioning and excellent accessibility are key features. Ample parking is provided with 28 spaces in front of the building and an additional 14 spaces located at the rear. The building's convenient location offers easy access to I-95, making it an ideal location for businesses needing convenient highway access. The lease rate is $16.00 per square foot, NNN. This property is perfect for a variety of office uses, including medical, traditional, creative, or executive office spaces. The building's size and layout offer flexibility for customization to meet specific business needs. Don't miss this opportunity to secure this prime office space in a desirable location.

    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
    Ledyard
    County
    New London
    State
    Connecticut
    Longitude
    -72.0249
    Latitude
    41.4056
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,311
    $160,020
    $601,300
    $761,320
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6.45 Acres

      749 Colonel Ledyard Hwy

      COMMERCIAL (GENERAL) • 6.45 Acres
      749 Colonel Ledyard Hwy, Ledyard, CT 06339
      View Details
    • Value Estimation
      $1,350,000
      17,618 SF

      733 Colonel Ledyard Hwy

      SHOW ROOM, WAREHOUSE • 17,618 SF
      733 Colonel Ledyard Hwy, Ledyard, CT 06339-1511
      View Details
    • Value Estimation by Request
      3,208 SF

      528 Colonel Ledyard Hwy

      SHOW ROOM, WAREHOUSE • 3,208 SF
      528 Colonel Ledyard Hwy, Ledyard, CT 06339-1649
      View Details
    • Value Estimation
      $1,820,000
      40,878 SF

      740 Colonel Ledyard Hwy

      SHOW ROOM, WAREHOUSE • 40,878 SF
      740 Colonel Ledyard Hwy, Ledyard, CT 06339-1579
      View Details
    • Value Estimation by Request
      934 SF

      735 Colonel Ledyard Hwy

      SHOW ROOM, WAREHOUSE • 934 SF
      735 Colonel Ledyard Hwy, Ledyard, CT 06339-1511
      View Details
    • Value Estimation
      $560,000
      6,069 SF

      725 Colonel Ledyard Hwy

      SHOW ROOM, WAREHOUSE • 6,069 SF
      725 Colonel Ledyard Hwy, Ledyard, CT 06339
      View Details

    Similar Nearby for Sale

    • $695,000

      Ledyard Specialty Property For Sale

      Specialty property available for purchase in Ledyard, Connecticut.
      75 Homestead Rd, Ledyard, CT 06339
      View Details
    • $775,000

      Ledyard Specialty Property for Sale

      Specialty property available for purchase in Ledyard, Connecticut.
      11 Wicklow, Ledyard, CT 06339
      View Details
    • $525,000

      Ledyard Specialty Property For Sale

      Specialty property available for purchase in Ledyard, Connecticut.
      134 Iron St, Ledyard, CT 06339
      View Details
    • New
      $80,000
      Pending

      Residential Land in Ledyard, CT

      Two-acre residential land parcel in a quiet, small-town setting.
      669 Shewville Rd, Ledyard, CT 06339
      View Details
    • $3,850,000

      70 Acres I-95 Abutting Land

      70 acres of land abutting I-95, various development opportunities.
      Clarks Falls Rd, North Stonington, CT 06339
      View Details
    • $574,900

      Ledyard Specialty Property For Sale

      Specialty property available for purchase in Ledyard, Connecticut.
      9 Reservoir Vw, Ledyard, CT 06339
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      2,800 SF

      Ledyard Class A Office Space

      2,800 SF Class A office space for lease.
      2 Lorenz Industrial Pkwy, Ledyard, CT 06339
      View Details
    • $1,200 /Mo

      Fenced Outside Storage Lots Available

      Fenced outside storage lots available for contractors, RV, boat owners.
      4 Commerce Ct, Ledyard, CT 06339
      View Details
    • $1,200 /Mo

      Fenced Storage Lots Available

      Fenced outside storage lots available for contractors, RV, and boats.
      4 Commerce Ct, Ledyard, CT 06339
      View Details
    • $288,750

      70 Acres Abutting I-95

      70.15 acres of commercial land available for lease.
      Clarks Falls Rd, North Stonington, CT 06339
      View Details
    • $288,750

      70 Acres Land I-95 Abutting

      70.15 acres of land for lease near I-95.
      Clarks Falls Rd, North Stonington, CT 06339
      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.
    2 Lorenz Industrial Pkwy
    Ledyard, CT 06339
    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.