Property profile

507 Hopmeadow St Simsbury, CT 06070

OFF-MARKET
Office buildings
Property ID
US15-0688986
13,440 SF 3.49 ac lot Built 1928
Entity Owned 37-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional medical office space, located at 507 Hopmeadow Street in Simsbury, Connecticut, offers three available suites ranging from 1,803 to 3,000 square feet. The property is classified as a Class B building and is zoned PO, making it ideal for a variety of medical practices. Situated in Hartford County, this convenient location offers easy access for patients and staff. The building features ample parking, with a ratio of 5+ spaces per 1,000 square feet, ensuring convenient parking for both patients and staff. The total building size is 1 square foot, with 3,000 square feet currently vacant and available for lease. The property is a multi-tenant building, providing a collaborative environment. The address is 507 Hopmeadow Street, Simsbury, CT 06070. This prime location in Simsbury offers a thriving community and excellent visibility. The available space presents a fantastic opportunity for medical professionals seeking a well-maintained and conveniently located office space to establish or expand their practice. Interested parties should inquire for lease terms and conditions.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1928
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,440 SF
Lot 3.49 ac (152,024 SF)
Zoning code PO
APN SIMS M:G13 B:103 L:22
UPID US15-0688986

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
  • Medical Clinic
  • Dental Office
  • Dental Office
  • Dental Office
  • Church

Location

507 Hopmeadow St Simsbury, CT 06070-5406
Simsbury metro Census 466101 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.13M
Blend (final) Blend
$1.18M

Owner & transaction history

since 1989
4 recorded transactions
1993
Price N/A
1989
$1.3M
1988
$1.3M
1987
Price N/A

Zoning & alternative use

PO · Simsbury, CT
Zoning description

Professional Office (PO) PO Commented [FG6]: This is inclusive of 7 zones. Commented [FG7]: This table (and the regulations) are missing multiple zones that appear on the official zoning map. Additionally, zones that are…

General category UNKNOWN
Top alternative use upside
Retail stores $1.5M +4.4%

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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