86 Hopmeadow StSimsbury, CT 06089

  • Office properties
  • 42,447 SF
For Lease
$22/SF/YR View listing

Property Details for 86 Hopmeadow St

Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
4.90 AC
Property size (Sq ft)
42,447 SF
Zone code
I-1
Property type
Office properties
Property subtype
Office buildings
APN
SIMS M:E18 B:154 L:3A-B-347300
APU
SIMSME18B154L3AB347300

Description

This exceptional Class B office building, located at 86 Hopmeadow Street in Simsbury, Connecticut, offers a variety of flexible office spaces to suit diverse business needs. The property boasts a total of 42,212 square feet spread across three stories, with a minimum divisible space of 1,917 square feet and a maximum contiguous space of 15,064 square feet. This makes it ideal for businesses of all sizes, from small startups to larger established companies. The building is situated within the desirable Tower Business Park, offering a prestigious address and convenient access to major transportation routes. Ample parking is available with 135 spaces provided for tenants and their clients. The property is zoned I-1, providing flexibility for a range of professional office uses. The building is located in Hartford County, Connecticut, with the precise address being 86 Hopmeadow Street, Simsbury, CT 06089. This presents a unique opportunity to secure high-quality office space in a prime Simsbury location. Multiple tenancy options are available, allowing for customization to meet specific business requirements. Inquire today to learn more about the available spaces and lease terms.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,017,757
    6.5%
    $6,477,930
    7%
    $6,015,220
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,546,125
    Geo Method
    $5,546,125
  • Alternative Use

    Use
    Valuation
    Residential
    $8,032,632
    Hospitality
    $7,357,848
    Educational
    $6,121,644
    Medical
    $6,332,176
    Retail
    $9,522,556
86 Hopmeadow St, Simsbury, Connecticut

Location Insight

City
Weatogue
County
Hartford
State
Connecticut
Latitude
41.8276
Longitude
-72.8253
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
$48,680
$343,000
$1,186,850
$1,529,850
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-
-
-

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