Property profile

24 Hartford Rd Salem, CT 06420

OFF-MARKET
Showrooms
Property ID
US15-0986117
16,078 SF 3.17 ac lot Built 2012
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,500 square foot medical office space is situated within the Harris Brook Commons, a Class B, two-story building totaling 16,078 square feet. Located at 24 Hartford Rd in the bustling Salem Four Corners area of New London County, this property presents a prime opportunity for medical professionals seeking a high-visibility location. The building, constructed in 2012, features a total of 25 parking spaces, ensuring ample convenience for patients and staff. The space is part of a multi-tenant building with a variety of retail and office uses, creating a vibrant and active environment. The property sits on a generous 3.17-acre lot and is zoned B Business, allowing for a range of potential uses. This is a rare chance to secure a well-located, move-in ready medical office space in a thriving commercial center. The asking lease rate is $12 per square foot, NNN. The available space is part of a larger building, offering a strong sense of community and shared amenities. This location offers excellent visibility and accessibility, making it an ideal choice for establishing or expanding a medical practice. Don't miss this opportunity to secure a prominent space in a high-traffic area.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2012
Construction FRAME
Total area 16,078 SF
Lot 3.17 ac (138,085 SF)
APN SALE M:18 B:049 L:000
UPID US15-0986117

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Nail Salon

Location

24 Hartford Rd Salem, CT 06420-3838
Salem metro Census 715100 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
$552k
Blend (final) Blend
$555k

Owner & transaction history

since 2025
1 recorded transaction
2025
$2.6M

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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