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Property profile & analytics
FOR LEASE
Office buildings

248 Main St Farmington, CT 06085

5,800 SF 0.26 ac lot Built 1900
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US15-0117758
Property summary
AI-generated overview

This newly constructed (2022) two-story creative office building in Farmington, CT, offers 4,550 square feet of versatile space, with 1,575 square feet currently available for lease. Located at 248 Main Street (06085), this high-visibility property boasts significant improvements over neighboring structures, including vastly improved fenestration for abundant natural light. The building features five total suites, with a minimum divisible space of 710 square feet and a maximum contiguous space of 865 square feet. Each suite includes its own private bathroom. The building benefits from all-new mechanical systems and technology, ensuring maximum efficiency and security. The connected parking lots at 240 and 244-248 Main Street provide ample parking and enhance the village atmosphere. The property is zoned B2 and sits on a 0.63-acre lot. Space sizes are customizable to meet a variety of professional office and service needs. This is a prime opportunity to lease in a newly renovated, high-quality office space in a desirable Farmington location. No elevators are present.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 5,800 SF
Lot 0.26 ac (11,326 SF)
Zoning code B2
APN FARM M:0129 B:6-11600248
UPID US15-0117758
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Luxury Hair Lounge Hair Salon
  • G Salon Hair Salon
  • Pedi & Mani Nail Spa Nail Salon
  • Josh Zelem - State Farm Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$629k
Blend (final) Blend
$615k
Owner & transaction history
Mengmeng Yao · 5 yrs held
Mengmeng Yao
since 2020
3 recorded transactions
2020
$284,000
1997
$450,000
1969
Price N/A
Zoning & alternative use
B2 · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $990,000 +52.4%
Retail stores $670,000 +2.6%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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