45 Glastonbury BlvdGlastonbury, CT 06033

  • Other commercial real estate
  • 40,555 SF
For Lease
$26/SF/YR View listing

Property Details for 45 Glastonbury Blvd

Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
3.51 AC
Property size (Sq ft)
40,555 SF
Zone code
PAD
Property type
Other commercial real estate
Property subtype
Showrooms
APN
GLAS M:C4 B:2505 L:N0001B
APU
GLASMC4B2505LN0001B

Description

45 Glastonbury Boulevard offers 20,612 square feet of immediately available Class A office space in a prime Glastonbury, CT location (06033). This multi-tenant building totals 41,224 square feet and features efficient floor plans with a minimum divisible space of 7,500 square feet and a maximum contiguous space of 20,612 square feet. The building boasts high-quality construction, fiber-optic connections, state-of-the-art security, and ample parking. Situated within the master-planned Somerset Square mixed-use complex, the property benefits from nearby national retailers, hotels, restaurants, and other high-quality office spaces. Its central location provides convenient access to public transportation (bus line) and major highways, including I-91, I-84, and Route 2 via the Route 3 connector. Commuting is easy, with downtown Hartford just 10 minutes away, New Haven 30 minutes away, and both New York and Boston approximately two hours away. This desirable location within a sought-after lifestyle center makes 45 Glastonbury Boulevard an ideal corporate office location in central Connecticut, perfect for hybrid work models. The building consists of four total suites.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,856,281
    6.5%
    $9,098,105
    7%
    $8,448,241
  • Comparable approach

    Method
    Valuation
    Relative Method
    $13,353,269
    Geo Method
    $13,353,269
  • Alternative Use

    Use
    Valuation
    Residential
    $7,674,592
    Hospitality
    $7,029,885
    Educational
    $5,848,782
    Medical
    $6,049,930
    Retail
    $9,098,105
45 Glastonbury Blvd, Glastonbury, Connecticut

Location Insight

City
Glastonbury
County
Hartford
State
Connecticut
Latitude
41.7227
Longitude
-72.6166
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$151,952
$2,492,800
$2,266,100
$4,758,900
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-
-
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