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    Monroe Commercial Flex Space Available Title is generated by Realmo AI

    1545 Monroe Turnpike, Monroe, CT 06468

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    Claim this Listing
    For Lease
    $10 SF/Yr $14,495/Mo (calc)

    COMMERCIAL - Monroe, CT

    Property size:
    17,394 SF
    Lot size:
    10.02 Acres
    Added:
    Aug 4, 2025
    Days on Market:
    301
    Last Refresh:
    May 31 at 1:06 pm

    Property Features for 1545 Monroe Turnpike

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    SB2
    Parking
    200
    Interior features
    Loading - Grade,Window Display
    Exterior features
    Pole Sign,Door Sign
    Standard status
    Active
    Size
    17,394 SF
    Lot size
    10.02 Acres

    Utilities

    Water source
    Private

    Building Details

    Year built
    1962
    Floors in Building
    2
    Flooring type
    Wood, Concrete

    We can help!

    Listing Contact
    Frank Delvecchio

    Listing agent Frank Delvecchio

    Listing office RE/MAX Right Choice 105 Technology Drive, Suite 1a, Trumbull, CT

    Listing date Aug 4, 2025

    MLS# 24116868

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Extremely large parking lot with over 6 acres of parking space
    • Large open area (8000 sq. ft) with high ceilings (15‑20 feet) suitable for various uses
    • Subdividable space with flexible use potential: commercial, retail, meeting hall, catering, light industrial
    • Competitive rent at $10 per sq. ft. gross plus utilities, the lowest price in the area for similar space
    • Owner assistance available for fit‑up and/or rent adjustment
    • Main building footprint of 11,000+ sq. ft. with additional second‑floor space for offices or storage

    Overview

    This commercial property in Monroe, CT, offers flexible use buildings suitable for commercial, retail, meeting hall, catering, or light industrial purposes with a permit. The front building features a main floor with 8,000 square feet of open area and ceiling heights ranging from 15 to 20 feet. The total footprint of the front building is over 11,000 square feet. The space is subdividable for varied uses, with potential for a catering hall or sports complex. The second floor can be used for offices or storage. The property includes a large parking lot with over 6 acres of parking. The owner is willing to assist with fit-up and/or adjust rent. The property is zoned SB2 and has a total size of 17,394 square feet on a 10.02-acre lot. The property is suitable for pickle ball courts, catering, church, or light industrial/warehouse use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Zwally Hauling LLC. Trucking Company

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store Kitchen & Bath Showroom Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1921297
    Latitude
    41.3823014

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    FAQs

    What type of property is this?
    Flex space - Flexible commercial space suitable for various uses in Monroe, CT.
    Where is this flex space located?
    The property is located at 1545 Monroe Turnpike Monroe, CT.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Extremely large parking lot with over 6 acres of parking space; Large open area (8000 sq. ft) with **high ceilings (15‑20 feet)** suitable for various uses; Subdividable space with flexible use potential: commercial, retail, meeting hall, catering, light industrial
    (203) 913-9393
    We can help!
    Listing Contact
    Frank Delvecchio
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1545 Monroe Turnpike, Monroe, CT 06468
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