Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    446 Main St Monroe, CT 06468

    Sponsored
    For Lease
    $1,200 /Mo ($24 SF/Yr)

    COMMERCIAL - Monroe, CT

    Property size:
    600 SF
    Days on Market:
    3
    Last Refresh:
    Mar 4 at 12:06 pm

    Property Features for 446 Main St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-2
    Size
    600 SF

    Utilities

    Water source
    Public

    Building Details

    Year built
    1976

    We can help!

    Listing Contact
    Joseph Figmic

    RE/MAX RIGHT CHOICE REAL ESTATE (TRUMBULL)(BRIDGEPORT) (203) 268-1118

    Listing agent Joseph Figmic (203) 268-1118

    Listing date Mar 2, 2026

    MLS# 24128114

    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.

    Learn more

    Property Insight Report

    Overview

    Monroe Office Space For Lease

    This second-floor office space is located in Stepney Green, Monroe, CT. The 600 square foot space, zoned B-2, features a large open room, a private office, and a kitchenette, offering numerous possibilities for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Creative Printed Products (Bike/Boat/Book/etc) Store Diagnostic Driving Evaluation Medical Clinic New England Labs ... Medical Laboratory Retro Spin Shop (Bike/Boat/Book/etc) Store Brass Hebraica Music Venue

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.265208
    Latitude
    41.322739

    Nearby Similar for Lease

    • New
      $10 SF/Yr
      17,394 SF

      Monroe Commercial Flex Space Available

      Flexible commercial building in Monroe, CT, suitable for varied uses.
      1545 Monroe Tpke, Monroe, CT 06468
      View Details
    • New
      $1,000 /Mo
      650 SF

      Retail Space in Active Center

      Prime retail space available for lease in active Stepney center.
      446 Main St, Monroe, CT 06468
      View Details
    • New
      $3,200 /Mo
      1,416 SF

      Monroe Retail Space For Lease

      Retail space with side yard display area in Monroe, CT.
      391 Main St, Monroe, CT 06468
      View Details
    • New
      $1,200 /Mo
      1,050 SF

      Retail Space in Monroe, CT

      First floor retail space available for lease in Monroe.
      605 Main St, Monroe, CT 06468
      View Details
    • New
      $1,900 /Mo
      23,522 SF

      Monroe Commercial Space For Rent

      Freestanding building on State Highway, suitable for retail or office.
      406 Main St, Monroe, CT 06468
      View Details
    • $2,700 /Mo
      1,100 SF

      Retail Space in Busy Plaza

      Retail space for rent in high-traffic Monroe, Connecticut.
      483 Monroe Tpke, Monroe, CT 06468
      View Details
    • $850 /Mo

      Turn-key Office/Flex Space Available

      Second-floor office/flex space with shared amenities and easy highway access.
      17 Enterprise Dr, Monroe, CT 06484
      View Details
    • Contact for pricing
      2,075 SF

      Retail Space on Monroe Turnpike

      Renovated retail space with high visibility and ample parking.
      447 Monroe Tpke, Monroe, CT 06468
      View Details
    • $2,200 /Mo

      Spacious End-Unit Apartment with Loft

      Two-bedroom apartment with loft, updated kitchen, and generous backyard.
      228 Purdy Hill Rd, Monroe, CT 06468
      View Details
    • Contact for pricing
      1,243 SF

      Retail and Office Space Available

      Retail and office spaces in a multi-building shopping center.
      477 Main St, Monroe, CT 06468
      View Details
    • $1,495 /Mo

      Apartment in Stepney Green

      Apartment for rent in Stepney Green location.
      5 Pepper St, Monroe, CT 06468
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Ideal for Bank

      Retail space suitable for bank pad or light office.
      255 Monroe Tpke, Monroe, CT 06468
      View Details

    FAQs

    What type of property is this?
    Office space - Second floor office space in Stepney Green location, Monroe, CT.
    Where is this office space located?
    The property is located at 446 Main St Monroe, CT.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Stepney Green Location; - Features a large open room.; - Includes a private office.
    (203) 268-1118
    Request Owner's contact information
    446 Main St Monroe, CT 06468
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    446 Main St
    Monroe, CT 06468
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    446 Main St Monroe, CT 06468
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joseph Figmic
    (203) 268-1118 (203) 395-8282
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!