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    The Largest CRE Database in the US with Over 1 Million Listings

    46 Washington St Middletown, CT 06457

    Sponsored
    For Lease
    $500 /Mo ($1.26 SF/Yr)

    COMMERCIAL - Middletown, CT

    Property size:
    4,780 SF
    Lot size:
    0.20 Acres
    Days on Market:
    131
    Last Refresh:
    Feb 14 at 3:06 am

    Property Features for 46 Washington St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-1
    Parking
    8
    Size
    4,780 SF
    Lot size
    0.20 Acres

    Utilities

    Utilities
    Cable Available, Phone Available
    Sewer type
    Public Sewer
    Heating system
    Other (Heating)
    Water source
    Public

    Building Details

    Year built
    1870
    Flooring type
    Wood

    We can help!

    Listing Contact
    Levi Judqin

    Brass Moon Realty (203) 724-7127

    Listing agent Levi Judqin (203) 945-1000

    Listing date Oct 7, 2025

    MLS# 24125039

    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

    Middletown Office Space for Lease

    Located in the heart of Middletown on lower Washington Street, these freshly painted, well-lit office spaces are available for rent. The offices are within walking distance to City Hall, the courthouse, dining, shopping, and community events. A handicap accessible ramp provides access to the first floor from the parking lot. Multiple offices are available for rent on a yearly, monthly, or daily basis. A conference room, which easily seats ten, is available for rent and features a large wall-mounted screen and modern furniture, suitable for presentations or team meetings. A modern sitting area includes brand new chairs and a large couch, offering a welcoming and comfortable environment for clients or guests. LED spotlights throughout the entire office create a bright and energy-efficient workspace. Off-street parking is available for tenants and visitors. Tenants have access to a remodeled kitchen with stainless steel appliances, as well as a new coffee machine. One office space features its own private entrance from the front, ideal for professionals seeking added privacy or direct client access. Desk rentals are also available, catering to freelancers or those in need of flexible, short-term working solutions. The property is zoned B-1 and has a lot size of 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fried Robert B Law Firm Brass Moon Realty Real Estate Agency Jessica Kidd Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Building Supply Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6495386
    Latitude
    41.5631313

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    FAQs

    What type of property is this?
    Serviced office - Well-lit office spaces in the heart of Middletown available for rent.
    Where is this serviced office located?
    The property is located at 46 Washington St Middletown, CT.
    What is the lease rate?
    The lease rate is $1.26 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of Middletown, walking distance to City Hall, courthouse, dining, shopping, and community events.; - Flexible rental options: yearly, monthly, or daily basis.; - Off-street parking available for tenants and visitors.
    (203) 724-7127
    Request Owner's contact information
    46 Washington St Middletown, CT 06457
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    Middletown, CT 06457
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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
    46 Washington St Middletown, CT 06457
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    We can help!
    Listing Contact
    Levi Judqin
    Real Estate License ID: REB.0791859
    (203) 724-7127 (203) 945-1000
    Learn more
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