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    20 Western Blvd Glastonbury, CT 06033
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    Property profile & analytics

    20 Western Blvd, Glastonbury, CT 06033

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    • Showrooms
    • 29,761 SF
    • 4.40 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Downtown Office Space for Lease For Lease
    $18 SF/Yr
    3,615 SF

    Downtown Office Space for Lease

    3,615 SF office space in a well-maintained building.

    20 Western Blvd, Glastonbury, CT
    View Listing
    Property ID
    US15-0323758
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ZAG Interactive / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • GreatBlue Research, Inc. / Advertising Agency
    • Creative Plan Administrators / Insurance Agency
    • Ed-Exec, Inc. / Employment Agency
    • PPRx / Factory / Production Facility

    Property Details for 20 Western Blvd

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    4.40 lot acres
    Zone code
    PI
    Property type
    Showrooms
    APN
    GLAS M:E5 B:7500 L:E0001
    APU
    GLASME5B7500LE0001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 27, 2026 — Barros Realty Group LLC — Deed · related $1.6M
    Jul 17, 2025 $2,750,000 Barros Realty Group LLC 20 Western Blvd LLC Warranty Deed $2.1M · M & T Bank
    May 1, 2023 — 20 Western Blvd LLC — Deed · related $1M · Larry D Miclette JR
    Nov 13, 2019 — 20 Western Blvd LLC — Deed · related $1.2M · New England Certified Development Corp
    Mar 27, 2019 $2,650,000 20 Western Blvd LLC American Eagle Fncl Cu Warranty Deed $2.6M · Webster Bank

    Description

    This exceptional two-story office building, situated at 20 Western Boulevard in Glastonbury, Connecticut, offers 29,759 square feet of prime commercial space. Built in 1981 and located in Hartford County, this traditional office building boasts a highly visible location at the signalized intersection of Hebron Avenue and Western Boulevard, providing unparalleled opportunities for signage and branding. The property sits on 4.4 acres of land and offers multiple tenancy options, with suites ranging from a minimum of 2,000 square feet to a maximum contiguous space of 29,759 square feet. Its convenient location offers easy access for employees and clients, with two-turn access to Route 2 ensuring seamless commutes. The building's Class A designation reflects its high-quality construction and modern amenities. This is an ideal opportunity for businesses seeking a prominent and easily accessible location in a thriving Connecticut community. The property is zoned for office use and presents a unique opportunity for businesses seeking to establish a strong presence in the Glastonbury market. The building's size and layout offer flexibility for a variety of business needs, from small to large-scale operations. The ample parking available further enhances the property's appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,885,000
      Market price range: $1.31M - $4.86M

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

    Location Insight

    • Map
    • Local Demand
    City
    Glastonbury
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5903
    Latitude
    41.715
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, 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
    2024
    $74,818
    $1,187,700
    $1,155,500
    $2,343,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $900,000
      6,415 SF

      3025 Main St

      SHOW ROOM, WAREHOUSE
      3025 Main St, Glastonbury, CT 06033-1029
      View Details
    • Value Estimation
      $3,020,000
      16,145 SF

      704 Hebron Ave

      SHOW ROOM, WAREHOUSE
      704 Hebron Ave, Glastonbury, CT 06033-5020
      View Details
    • Value Estimation
      $2,285,000
      20,585 SF

      400 Hebron Ave

      SHOW ROOM, WAREHOUSE
      400 Hebron Ave, Glastonbury, CT 06033-2177
      View Details
    • Value Estimation
      $8,510,000
      105,294 SF

      65 Glastonbury Blvd

      SHOW ROOM, WAREHOUSE
      65 Glastonbury Blvd, Glastonbury, CT 06033-4401
      View Details
    • Value Estimation
      $905,000
      8,674 SF

      41 Hebron Ave

      SHOW ROOM, WAREHOUSE
      41 Hebron Ave, Glastonbury, CT 06033-4252
      View Details
    • Value Estimation
      $3,360,000
      52,586 SF

      622 Hebron Ave

      SHOW ROOM, WAREHOUSE
      622 Hebron Ave, Glastonbury, CT 06033-2421
      View Details

    Similar Nearby for Sale

    • $1,050,000
      3,000 SF

      Retail Property Near Route 2

      Two-tenant retail property with bakery and Chinese takeout.
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      Glastonbury Commercial Space For Sale

      Prime 1,800 SF commercial space in high-visibility Glastonbury location.
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    • $165,000
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      Commercial Condo Investment Opportunity

      Commercial condo in Glastonbury with long-term tenant.
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      7,048 SF

      Updated Commercial Building For Sale

      7,048 SF commercial building with updated interior and ample parking.
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    Similar Nearby for Lease

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      625 SF

      Retail Space Near Whole Foods

      Retail space available near affluent area and Class A offices.
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      1,100 SF

      Glastonbury Retail/Office Space Available

      Multiple retail/office spaces for rent in Glastonbury, CT.
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      1,543 SF

      Retail Space in Glastonbury Center

      Retail property for lease with immediate highway access.
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      View Details
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      10,800 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and easy highway access.
      5-31 Main St, East Hartford, CT 06033
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      5,000 SF

      Retail and Restaurant Space Available

      Outdoor town square with regional and national stores and restaurants.
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      890 SF

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      Retail spaces available in prime Town Center location.
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      View Details
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    Glastonbury, CT 06033
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    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.

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