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Property profile & analytics
FOR LEASE
Showrooms

5 Shaws Cv New London, CT 06320

37,026 SF 2.13 ac lot Built 1987
Individually Owned 26-yr Hold ~ Est. High Equity
Property ID
US15-0021044
Property summary
AI-generated overview

This exceptional office property, located at 5 Shaw's Cove in New London, CT, offers 5,658 square feet of flexible space across two floors in a prestigious building. The property features two available suites, one measuring 1,787 square feet and the other 2,453 square feet, with the possibility of reconfiguration to meet specific needs. Situated on a 2.13-acre lot, this 1987-built, two-story building boasts convenient on-site parking and an elevator for easy access. Security features include cameras in common areas and entrances. The building is zoned L01 and is part of the desirable Shaw's Cove Business Park, sharing space with established tenants such as DaVita, Columbia Dental, US Properties, Dr. Henry Crabbe, the Department of Labor, Seward & Monde, and Korde & Associates PC. The lease rate is $12.00 NNN. This property is ideal for a variety of office uses, including traditional, executive, medical, and creative office spaces. The building's multiple tenancy structure provides a vibrant and collaborative environment. Don't miss this opportunity to secure your business's future in this sought-after location.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1987
Construction STEEL FRAME
Total area 37,026 SF
Lot 2.13 ac (92,783 SF)
APN NLON M:F14 B:0110 L:0001-9
UPID US15-0021044
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
  • Connecticut Parent Advocacy Center Social Service Agency Charitable Organization
  • Dr. Henry F. Crabbe Physician
  • Henry F. Crabbe MD Physician
  • Neptune Park Association Park
  • FLO Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.79M
Blend (final) Blend
$2.71M
Owner & transaction history
Shaws Cove Assoc · 26 yrs held
Shaws Cove Assoc
since 1999
2 recorded transactions
2013
Price N/A
1999
$4.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $4.1M +43.2%
Apartment house (5+ units) $3.4M +16.8%
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More about this property
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