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Property profile & analytics
FOR LEASE
Office buildings
281 Hartford Tpke, Vernon Rockville, CT 06066
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US15-1294463
For Lease
1 / 2
$18 SF/Yr
281 Hartford Tpke, Vernon Rockville, CT 06066
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Property summary
AI-generated overview
The Vernon Professional Building, located at 281 Hartford Turnpike in Vernon, Connecticut (zip code 06066), offers a variety of executive office suites for lease. This Class B building, constructed in 1970, comprises 43,442 square feet across five stories and sits on a 2.29-acre lot. The building features ample parking with 200 spaces available. Individual suites range from a minimum of 325 square feet to a maximum contiguous space of 3,019 square feet, with 6,969 square feet currently vacant. The building is zoned for commercial use and boasts a convenient location with excellent access to Routes 30 and 83, as well as Interstate 84. This highly visible location places businesses in the heart of Vernon's largest commercial area, providing easy access to numerous amenities. Each suite offers a 9-foot ceiling height and the building is equipped with elevators. The building's electrical service is 100 amps. This property presents a fantastic opportunity for businesses seeking versatile and well-located office space in Tolland County.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
STEEL FRAME
Total area
43,442 SF
Lot
2.29 ac (99,752 SF)
Zoning code
COMMER
APN
VERN M:02 B:0011 L:00013
UPID
US15-1294463
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
-
Ashkan Samadzadeh Dental Office
-
Arman Samad-Zadeh Dental Office
-
Dr. Mark Melnick Dental Office
-
CT Family Care LLC Physician
-
Bykoff Gary MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$3.04M
Owner & transaction history
Boston Vernon 2 LLC · 20 yrs held
Boston Vernon 2 LLC
since 2006
1 recorded transaction
Zoning & alternative use
COMMER · Vernon, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Vernon Rockville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon Rockville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,630,000
Current use
COMMERCIAL (GENERAL)
$4,590,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$3.04M
Range $2.73M – $3.34M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$70 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$77,283
Tax year 2023
Assessed value
$2,314,550
Assessed 2023
Previous assessed
$2,314,550
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$320,600
Assessed improvement
$1,993,950
Applied tax rate
420.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1970
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
5
Bathrooms
12
Total area
43,442 SF
Lot
2.29 ac (99,752 SF)
Zoning code
COMMER
APN
VERN M:02 B:0011 L:00013
UPID
US15-1294463
Jurisdiction
VERNON
Zoning & alternative use
COMMER · Vernon, CT
Zoning COMMER · permitted uses
COMMER · Vernon, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vernon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
5
Buildings
1
Bathrooms
12
Lot
2.29 ac
Current owner
From public records · entity-resolved
Boston Vernon 2 LLC
Entity
Mailing address
715 BOYLSTON ST, BOSTON, MA 02116-2612
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2006
$3,750,000
Boston Vernon 2 LLC
George Risley T
Deed Of Trust
$2,000,000 · Brookline Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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