Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21 Griffin Rd North Windsor, CT 06095
    Property profile & analytics

    21 Griffin Rd North, Windsor, CT 06095

    View on Map
    • Showrooms
    • 50,476 SF
    • 17.40 lot acres
    For Lease
    $16 SF/Yr
    View Listing →
    High-Quality Flex Office Space For Lease
    $16 SF/Yr
    10,000 SF

    High-Quality Flex Office Space

    Flex office space for lease in Windsor, Connecticut.

    21 Griffin Road North, Windsor, CT 6095
    View Listing
    Property ID
    US15-0189019
    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
    $2,640,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FedEx Drop Box / Postal Service / Courier Service
    • TRC Companies, Inc. / Environmental Consultant / Engineering Consultant
    • Carousel Industries / Telecommunications Service
    • Griffin Land Inc / Construction Company / General Contractor

    Property Details for 21 Griffin Rd North

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    17.40 lot acres
    Property type
    Showrooms
    APN
    WSOR M:00005 B:00142 L:00006J
    APU
    WSORM00005B00142L00006J

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 17, 2021 $2,500,000 Delcorp LLC Indus RT LP Warranty Deed —
    Apr 24, 2013 — Griffin Land&nursery INC — Deed Of Trust · related $12.5M · Webster Bank
    May 2, 2011 — Land Griffin — Deed Of Trust · related $12.5M · Doral Bank
    Feb 27, 2009 — Griffin Land&nurserie INC — Deed Of Trust · related $10M · Doral Bank
    Jan 20, 2009 $1 Griffin Land&nurserie INC River Bend Assoc INC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,440,000
      ML approach
      $2,755,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,469,000
      Market price range: $2.30M - $6.19M
      AI Estimate
      $2,991,000
      Market price range: $1.51M - $5.44M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,970,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,500,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7343
    Latitude
    41.8848
    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
    2023
    $101,284
    $503,370
    $2,511,040
    $3,014,410
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,425,000
      70,340 SF

      300 Day Hl Rd

      SHOW ROOM, WAREHOUSE
      300 Day Hl Rd, Windsor, CT 06095-1783
      View Details
    • Value Estimation
      $8,775,000
      76,125 SF

      570 Pigeon Hl Rd

      SHOW ROOM, WAREHOUSE
      570 Pigeon Hl Rd, Windsor, CT 06095
      View Details
    • Value Estimation
      $9,540,000
      82,784 SF

      1 Day Hl Rd

      SHOW ROOM, WAREHOUSE
      1 Day Hl Rd, Windsor, CT 06095-1706
      View Details
    • Value Estimation by Request
      3,760 SF

      446 Bloomfield Ave

      SHOW ROOM, WAREHOUSE
      446 Bloomfield Ave, Windsor, CT 06095-2303
      View Details
    • Value Estimation by Request
      1,163 SF

      43 Ct St

      SHOW ROOM, WAREHOUSE
      43 Ct St, Windsor, CT 06095-2910
      View Details
    • Value Estimation
      $47,485,000
      457,396 SF

      1 Griffin N Rd

      SHOW ROOM, WAREHOUSE
      1 Griffin N Rd, Windsor, CT 06095-1512
      View Details

    Similar Nearby for Sale

    • $600,000
      5,160 SF

      Mixed-Use Property with Warehouse

      Mixed-use property featuring a warehouse and office spaces.
      457 Windsor Ave, Windsor, CT 06095
      View Details
    • $2,950,000
      22,250 SF

      Windsor Commercial Property - 4 Acres

      Versatile Commercial Space, Excellent Location
      1475 Palisado Ave, Windsor, CT 06095
      View Details
    • $600,000

      Mixed-Use Property with Warehouse

      Mixed-use property featuring warehouse, office, and retail spaces.
      457 Windsor Ave, Windsor, CT 06095
      View Details
    • $325,000

      Farming Property with Tobacco Barn

      12+ acre farm with tobacco and potato barns.
      490 Old Day Hill Rd, Windsor, CT 06095
      View Details
    • $70,000
      2,000 SF

      Turnkey Restaurant Opportunity in Windsor

      Restaurant for sale in Windsor, ready for new owner.
      1775 Poquonock Ave, Windsor, CT 06095
      View Details
    • Contact for pricing

      Agricultural Land For Sale

      Four-acre agricultural land for sale, AG zoned, 100% wet.
      1700 Great Mdw Rd, Windsor, CT 06095
      View Details

    Similar Nearby for Lease

    • $3,542 /Mo
      5,000 SF

      Windsor Commercial Space with Showroom

      5000 sq ft commercial space with showroom potential.
      1695 Poquonock Ave, Windsor, CT 06095
      View Details
    • $3,542 /Mo
      5,000 SF

      Versatile 5,000 SF Showroom Space

      5,000 SF showroom with loading dock and included fixtures.
      1695 Poquonock Ave, Windsor, CT 06095
      View Details
    • $18 SF/Yr
      106,568 SF

      Windsor Retail/Office Space - Day Hill Rd

      Modern Windsor commercial space, flexible layouts.
      1001 Day Hill Rd, Windsor, CT 06095
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space for rent, ranging from 1,070 to 6,570 SqFt.
      697 Poquonock Ave, Windsor, CT 06095
      View Details
    • Contact for pricing

      Windsor Commercial Land Opportunity

      Land available for retail or other commercial uses.
      1001 Day Hill Rd, Windsor, CT 06095
      View Details
    • $2,400 /Mo

      Windsor Commercial Space For Rent

      Highly visible commercial space suitable for various business types.
      124 Palisado Ave, Windsor, CT 06095
      View Details
    View Listing
    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.
    21 Griffin Rd North
    Windsor, CT 06095
    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

    Thank You for Inquiry
    21 Griffin Rd North, Windsor, CT, 06095
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!