30 Dorset XingSimsbury, CT 06070

  • Office properties
  • 15,359 SF
For Sale
$1,950,000 View listing

Property Details for 30 Dorset Xing

Year built
2012
Lot size
6.49 AC
Property size (Sq ft)
15,359 SF
Zone code
PAD
Property type
Office properties
Property subtype
Office buildings
APN
SIMS M:I04403013-A B:0 L:0
APU
SIMSMI04403013AB0L0

Description

This exceptional 15,000-square-foot medical office building, constructed in 2012, is ideally situated at 30 Dorset Crossing in Simsbury, Connecticut, on Route 202. The property boasts 13,500 square feet of versatile clinical space, encompassing various office suites and a community room, perfectly suited for a range of medical practices. A substantial 4,000-square-foot urgent care suite is included, complete with a dedicated radiology room and lab space featuring multiple blood drawing stations. The 6.49-acre lot offers significant potential, with additional land approved for diverse uses available within the Dorset Crossing development, which also includes The Pointe apartment complex. This prime location benefits from high visibility and accessibility, featuring direct frontage on Route 202 with a signalized entrance, ensuring convenient access for patients and staff. The level land boasts excellent drainage, and all utilities are readily available. The property enjoys a strategic location, just 15 minutes from Bradley International Airport and 25 minutes from downtown Hartford, providing easy access for both local and regional clientele. The seller is open to considering a lease with an option to buy, or a lease at a rate of $17.50 per square foot annually, plus a CAM charge of $9 per square foot annually. With a daily traffic count of approximately 12,000 vehicles, this property presents a compelling investment opportunity in a thriving medical market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,539,302
    6.5%
    $2,343,970
    7%
    $2,176,544
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,006,807
    Geo Method
    $2,006,807
  • Alternative Use

    Use
    Valuation
    Residential
    $2,906,524
    Hospitality
    $2,662,360
    Educational
    $2,215,052
    Medical
    $2,291,231
    Retail
    $3,445,637
30 Dorset Xing, Simsbury, Connecticut

Location Insight

City
Simsbury
County
Hartford
State
Connecticut
Latitude
41.9082
Longitude
-72.7897
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
2023
$43,588
$213,430
$1,156,400
$1,369,830
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