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

    1471 Saybrook Rd Middletown, CT 06457

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $724,000

    11.07 acres of land for sale in Middletown, CT.

    Lot size:
    11.07 Acres

    Property Features for 1471 Saybrook Rd

    General Information

    Lot size
    11.07 Acres

    We can help!

    Listing Contact
    Mark Berkowitz
    Mark Berkowitz
    Source: Moodyscre

    Listing Agent: Mark Berkowitz

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

    Learn more

    Property Insight Report

    Overview

    Middletown Land with Development Opportunity

    This 11.07-acre land parcel, located on Saybrook Road in Middletown, CT, presents a development opportunity. The property consists of 5 lots within the I-1 Zone, which is intended for mixed industrial and commercial uses, with an emphasis on industrial uses such as manufacturing, warehousing, building material yards, building, agricultural, and automobile sales and service. There are two buildings on the lots: a 1,440-SF metal storage building and a 1,285-SF residential building. Permitted uses include agriculture, automobile/truck repair, manufacturing, warehouse, eating/drinking establishments, places of worship, public buildings, recreation, retail, and office. A used car dealer license is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Auto Parts Store HVAC Service Storage Facility Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6031947
    Latitude
    41.5207258

    Nearby Similar for Sale

    • $399,900
      1,482 SF

      Retail Building on Main Street

      1482 SF retail building in high-traffic Middletown location.
      346 Main Street Ext, Middletown, CT 06457
      View Details
    • $299,900
      Pending

      Two-Family Property in Middletown, CT

      Well-maintained two-family property with spacious units and convenient location.
      10 Wall St, Middletown, CT 06457
      View Details
    • $1,095,000
      7,814 SF

      Middletown Office Condo For Sale

      Pristine 7,814 SF office condo in downtown Middletown.
      575 Main St, Middletown, CT 06457
      View Details
    • $479,900
      1,281 SF

      Middletown Commercial Property for Sale

      Versatile commercial property in prime location, ideal for various ventures.
      110 Coe Ave, Middletown, CT 06457
      View Details
    • $369,900

      Middletown Duplex in Desirable Location

      Well-maintained duplex near downtown, ideal for investors or owner-occupants.
      58 Durant Ter, Middletown, CT 06457
      View Details
    • $474,900
      4,108 SF

      Downtown Mixed-Use Investment Opportunity

      Fully occupied mixed-use property with parking in downtown Middletown.
      44 Washington St, Middletown, CT 06457
      View Details
    • $229,000

      Mixed-Use Asset Near Downtown

      Mixed-use property with commercial space and residential units near downtown.
      71 E Main St, Middletown, CT 06457
      View Details
    • $650,000
      4,455 SF

      Historic Office Building Near Hospital

      Early 19th-century office conversion near Middlesex Hospital.
      103 S Main St, Middletown, CT 06457
      View Details
    • $359,925

      Middletown Two-Family Home

      Well-maintained two-family home near downtown Middletown.
      410 High St, Middletown, CT 06457
      View Details
    • $320,000

      Middletown Two-Family Investment Opportunity

      Spacious two-family property with strong rental potential in Middletown.
      40 Maple Pl, Middletown, CT 06457
      View Details
    • $159,900

      Wadsworth Grove Three-Bedroom Townhouse

      Three-bedroom townhouse in a peaceful Middletown community with pond views.
      17 Mckenna Dr, Middletown, CT 06457
      View Details
    • $299,000

      Updated Home with Barn on Acreage

      Updated home on 3.14 acres with barn, subdivision potential.
      342 Chamberlain Rd, Middletown, CT 06457
      View Details

    FAQs

    What type of property is this?
    Land - 11.07 acres of land for sale in Middletown, CT.
    Where is this land located?
    The property is located at 1471 Saybrook Rd Middletown, CT.
    What is the asking price?
    The asking price for this property is $724,000.
    What are key features of this property?
    This property features: - 11.07 Acres of Land in I-1 Zone; - Development opportunity consisting of 5 lots; - Permitted uses include a wide range of industrial and commercial options
    (860) 874-8421
    Request Owner's contact information
    1471 Saybrook Rd 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.
    1471 Saybrook Rd
    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
    1471 Saybrook Rd 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
    Mark Berkowitz
    Mark Berkowitz
    (860) 874-8421
    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.