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    Middlebury Office Space For Rent Title is generated by Realmo AI

    1579 Straits Tpke, Middlebury, CT

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    2,001 square foot office space available for rent.

    Type:OFFICE
    Property size:
    2,001 SF
    Lot size:
    31.28 Acres
    Price / SF:
    $147/SF
    Added:
    Sep 7, 2023
    Days on Market:
    1018
    Last Refresh:
    May 19 at 8:28 pm

    Property Features for 1579 Straits Tpke

    General Information

    Standard status
    Active
    Size
    2,001 SF
    Lot size
    31.28 Acres
    Property subtype
    OFFICE

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    Listing Contact
    David Theroux
    David Theroux

    Listing agent David Theroux License #REB.0677995

    Listing office Drubner Commercial, LLC

    Listing date Sep 7, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Drubner Commercial, LLC

    HighLights

    • Highway Visibility
    • Proximity to Interstate 84

    Overview

    This 2,001 square foot office space is available for rent. The property offers highway visibility and convenient access to Interstate 84.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $42.0k $21.00
    − Vacancy −$7.6k −$3.78
    EGI $34.5k $17.22
    − OpEx −$8.6k −$4.31
    NOI $25.8k $12.92
    2,001 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $369.2K
    $323.0K – $430.7K (±1% cap)
    NOI $25,843 @ 7.0% cap · market cap 8.76%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $531.0K
    $464.6K – $619.5K (±1% cap)
    NOI $37,171 @ 7.0% cap · market cap 12.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. James T ... Alternative Medicine Practice Edmond Daniells, DC Alternative Medicine Practice Ct Center-Advanced Vein ... Medical Clinic Pain & Spine Specialists ... Physician Score Physical Therapy ... 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 Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Middlebury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.095
    Latitude
    41.5522

    FAQs

    What type of property is this?
    Office units - 2,001 square foot office space available for rent.
    Where is this office units located?
    The property is located at 1579 Straits Tpke Middlebury, CT.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Highway Visibility; Proximity to Interstate 84
    (203) 753-4116 Call to check price and availability
    More about this property
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