Sign Up Successful!
You now have access to more from Realmo!
    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

    505 Main St Middletown, CT 06457

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $600 /Mo ($8 SF/Yr)

    Pristine, secure 850sf office suite in downtown Middletown.

    Property size:
    850 SF
    Lot size:
    0.14 Acres

    Property Features for 505 Main St

    General Information

    Size
    850 SF
    Lot size
    0.14 Acres

    We can help!

    Listing Contact
    Brendan Kelly
    Brendan Kelly
    Source: Moodyscre

    Listing Agent: Brendan Kelly

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

    Learn more

    Property Insight Report

    Overview

    Modern Office Suite For Rent

    This pristine office suite, approximately 850 square feet, features a mostly open plan layout with two offices, one of which is large enough to serve as a conference room. The suite includes a spacious reception/lobby area and ample space for individual workstations. Keypad entry provides access to the space, which is located in a secure building right off the elevator. The building is practically brand new and offers modern amenities, including keypad security at all entrances and a call system for arriving clients. A shared bathroom with shower facilities is available. Located in downtown Middletown, the property is within walking distance of a grocery store, diverse dining options, and a pharmacy. Its location off Route 9 provides convenient access for clients from I-91, I-95, and I-84. The Middlesex County Chamber of Commerce is located one block away. All utilities are included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KGS Insurance Services ... Insurance Agency Central Connecticut Business ... Council Guilmartin Di Piro-Sokolowski: ... Accountant T-BONE PRIME STEAKHOUSE Restaurant Cancelliere Joseph J Financial Planner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6378076
    Latitude
    41.5433606

    Nearby Similar for Lease

    • $500 /Mo
      4,780 SF

      Middletown Office Space for Lease

      Well-lit office spaces in the heart of Middletown available for rent.
      46 Washington St, Middletown, CT 06457
      View Details
    • $16 SF/Yr
      3,000 SF

      Trolleybarn Retail Space Available

      Prime retail spaces with custom build-outs in downtown Middletown.
      725 Main St #30, Middletown, CT 06457
      View Details
    • $16 SF/Yr
      8,400 SF

      Prime Retail Space in Middletown

      Premier retail space with custom build-outs in trendy NoRa neighborhood.
      725 Main St #10, Middletown, CT 06457
      View Details
    • $15 SF/Yr
      2,250 SF

      New End Cap Office/Retail Space

      Brand new 2,250 SF office/retail space for lease.
      99 E Main St, Middletown, CT 06457
      View Details
    • $10 SF/Yr
      1,000 SF

      Middletown Office & Retail Building

      Four-story office and retail building in downtown Middletown.
      423-425 Main St, Middletown, CT 06457
      View Details
    • $16 SF/Yr
      8,400 SF

      Prime Retail Space in Middletown

      Custom build-outs available in downtown Middletown's trendy NoRa neighborhood.
      725 Main Street Ext, Middletown, CT 06457
      View Details
    • $11 SF/Yr
      4,000 SF

      New Construction Flex Space Available

      New construction flex space for lease, divisible from 4,000 SF.
      2175 South Main Street Ext, Middletown, CT 06457
      View Details
    • $9 SF/Yr
      8,548 SF

      Middletown Commercial Space For Lease

      Versatile office and warehouse space with highway access.
      362 Industrial Park Rd, Middletown, CT 06457
      View Details
    • $11 SF/Yr
      12,000 SF

      New Construction Industrial Space Available

      New industrial building with flexible space and convenient location.
      2175 South Main Street Ext, Middletown, CT 06457
      View Details
    • $17 SF/Yr
      775 SF

      Middletown Retail/Office Space Available

      Prime retail/office space in high-traffic area, ready for your business.
      701 S Main St, Middletown, CT 06457
      View Details
    • $11 SF/Yr
      12,000 SF

      New Construction Flex Space Available

      New construction flex space with drive-in bays and loading dock.
      2175 South Main Street Ext, Middletown, CT 06457
      View Details
    • $11 SF/Yr
      6,000 SF

      New Construction Flex Space Available

      New construction flex space for lease, divisible from 4,000 SF.
      2175 South Main St #6000, Middletown, CT 06457
      View Details

    FAQs

    What type of property is this?
    Office space - Pristine, secure 850sf office suite in downtown Middletown.
    Where is this office space located?
    The property is located at 505 Main St Middletown, CT.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - All utilities included in rent.; - **Convenient location**: easily accessible from major highways and walking distance to downtown amenities.; - Secure building with keypad entry and call system.
    (860) 344-5551
    Request Owner's contact information
    505 Main St Middletown, CT 06457
    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.
    505 Main St
    Middletown, CT 06457
    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
    505 Main St Middletown, CT 06457
    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
    Brendan Kelly
    Brendan Kelly
    (860) 344-5551
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.