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    60 Boston Post Road Madison, CT 06443

    View on Map
    For Sale
    Under Contract
    $2,500,000

    COMMERCIAL - Madison, CT

    Property size:
    6,705 SF
    Lot size:
    1.91 Acres
    Added:
    Jul 29, 2024
    Days on Market:
    612
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for 60 Boston Post Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C
    Bathrooms
    17
    Rooms
    Bathroom 7, Bathroom 10, Bathroom 12, Bathroom 15, Bathroom 13, Bathroom 5, Bathroom 16, Bathroom 3, Bathroom 8, Bathroom 9, Bathroom 11, Bathroom 6, Bathroom 14, Bathroom 2, Bathroom 17, Bathroom 1, Bathroom 4
    Parking
    20
    Exterior features
    Storage Building,Gutters,Lighting
    Standard status
    Active Under Contract
    Size
    6,705 SF
    Lot size
    1.91 Acres

    Taxes and HOA fees

    TaxYear
    2026
    TaxAnnualAmount
    14979

    Utilities

    Cooling system
    Wall Unit(s), Window Unit(s), Heat Pump
    Water source
    Public

    Building Details

    Year built
    1812
    Floors in Building
    2
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Cheryl Cook

    Listing agent Cheryl Cook License #RES.0773237

    Listing office Re/Max Valley Shore 222 Old Boston Post Road, Old Saybrook, CT

    Listing date Jul 29, 2024

    MLS# 24035715

    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.

    Overview

    Mixed-Use Commercial Property on Boston Post

    This mixed-use commercial property is located on Boston Post Road in Madison, CT. The property, situated on 1.91 acres, features 597 sq/ft of road frontage. The mixed-use building includes 9 one-bedroom motel rooms, 1 fully equipped apartment with a full kitchen, living/dining room, and one bedroom with 1.5 baths, 4 office spaces, and 4 retail spaces. The building has a total size of 6705 square feet. The property is currently 90% rented. Recent renovations include a replaced roof and electric system, as well as remodeled rooms. The property's zoning is 'C'. There is potential to expand the current motel operations or explore new ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Compassionate Psychiatric Care Hospital Therapeutic Massage & Wellness Alternative Medicine Practice Crescent Motel Hotel & Motel Vincent Samuolis Counselor Kendrick Norris Physician

    Suggested Use

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

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

    Similar Places Nearby

    • Crescent Motel — 60 Boston Post Rd, Madison, CT 06443

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.641891
    Latitude
    41.2853696

    Nearby Similar for Sale

    • $2,500,000
      3,153 SF

      Remodeled Mixed-Use Commercial Property

      Remodeled mixed-use property on Boston Post Road with high visibility.
      60 Boston Post Road, Madison, CT 06443
      View Details
    • $179,900
      1,000 SF

      Medical Office Condo For Sale

      Medical office condo in Madison, currently rented until July 2026.
      6 Woodland Road #3A, Madison, CT 06443
      View Details

    FAQs

    What type of property is this?
    Motel - Remodeled mixed-use commercial property on 1.91 acres with high visibility.
    Where is this motel located?
    The property is located at 60 Boston Post Road Madison, CT.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Newly remodeled mixed‑use commercial property with high visibility on Boston Post Road.; 1.91 acres of land with 597 sq/ft of road frontage, offering expansion potential.; Currently 90% rented, providing immediate income.
    (860) 388-1228
    We can help!
    Listing Contact
    Cheryl Cook
    Real Estate License ID: RES.0773237
    Learn More
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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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