Property profile

701 Cottage Grove Rd Bloomfield, CT 06002

FOR LEASE
Commercial real estate
Property ID
US15-0552646
9.28 ac lot
Entity Owned 9-yr Hold ~ Est. High Equity
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701 Cottage Grove Rd, Bloomfield, CT 06002 For Lease
$22 SF/Yr 4,986 SF available
701 Cottage Grove Rd, Bloomfield, CT 06002
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Property summary

AI-generated overview

This exceptional 6,000 square foot medical office building, located at 701 Cottage Grove Road in Bloomfield, Connecticut, presents a unique leasing opportunity. The Class B property offers multiple suites, with a minimum divisible space of 500 square feet and a maximum contiguous space of 3,000 square feet. Currently, the entire 6,000 square feet is vacant, providing flexibility for a single tenant or multiple occupants. The building features a convenient 5.1/1,000 square foot parking ratio, ensuring ample parking for staff and patients. Its strategic location at a signalized intersection along Route 218 provides excellent visibility and accessibility. Furthermore, the property benefits from its proximity to Interstate 91 (approximately five miles east), offering easy access to regional transportation networks. The surrounding area boasts a wealth of amenities, including various retail shops, restaurants, business services, hotels, and several public and private golf courses, creating a desirable environment for both employees and clients. This established medical office complex provides a strong foundation for a thriving medical practice. The flexible floor plans cater to a variety of medical specialties and practice sizes. The zip code is 06002.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 9.28 ac (404,237 SF)
Zoning code PO
APN BLOO M:37 L:221
UPID US15-0552646

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
  • Building Supply General Contractor
  • Physician
  • Physician
  • Physician Medical Clinic
  • Medical Clinic

Location

701 Cottage Grove Rd Bloomfield, CT 06002
Bloomfield metro Census 471300 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2017
7 recorded transactions
2020
Price N/A
2019
Price N/A
2017
Price N/A
2007
$13.3M
2006
Price N/A
2001
Price N/A
1987
$1.2M

Zoning & alternative use

PO · Bloomfield, CT
Zoning description

r of dogs to be boarded based upon the facilities and staffing proposed. 7.8.C Requirements for Professional Office Districts (Added 7/1/16) Commercial kennels may be authorized by Special Permit in Professional Office (…

General category UNKNOWN

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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