Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    696 Main St, Unit B3 Middletown, CT 06457

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,300 /Mo

    Second floor, one-bedroom apartment with included utilities.

    Lot size:
    0.08 Acres

    Property Features for 696 Main St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1890

    We can help!

    Listing Contact
    Juliet L. Cavanaugh
    Source: Elliman

    Listing Agent: Juliet L. Cavanaugh

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

    Learn more

    Overview

    One Bedroom Apartment For Rent

    This second-floor, one-bedroom apartment is available for rent. The unit features new laminate flooring throughout and large closets. Coin-operated washer and dryer are conveniently located on the same floor. Residents have access to a back porch area. Heat, electric, and hot water are included in the monthly rental amount. The landlord may consider a small pet for an additional monthly fee, contingent upon a strong application. Applicants are required to have strong credit scores and landlord references. Smoking and vaping are prohibited.
    Location Intelligence

    Current Use by Public Records

    AL's Ice Cream ... Ice Cream Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6523275
    Latitude
    41.5655418

    Nearby Similar for Lease

    • $1,550 /Mo
      1,100 SF

      Downtown Middletown Office Space Available

      Handicap accessible office space for lease in downtown Middletown.
      98 Washington St, Middletown, CT 06457
      View Details
    • $1,300 /Mo
      760 SF

      Downtown Middletown Office with Parking

      Office space for lease in downtown Middletown with on-site parking.
      98 Washington St, Middletown, CT 06457
      View Details
    • $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
    • $17 SF/Yr
      775 SF

      Middletown Retail/Office Space Available

      Prime retail/office space in high-traffic area, ready for your business.
      701 SOUTH Main Street Ext, 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

    FAQs

    What type of property is this?
    Apartment building - Second floor, one-bedroom apartment with included utilities.
    Where is this apartment building located?
    The property is located at 696 Main St, Unit B3 Middletown, CT.
    What are key features of this property?
    This property features: - Rent includes heat, electric, and hot water.; - New laminate flooring throughout the unit.; - Coin-operated washer and dryer conveniently located on the same floor.
    (860) 346-8900
    Request Owner's contact information
    696 Main St, Unit B3 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.
    696 Main St, Unit B3
    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
    696 Main St, Unit B3 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
    Juliet L. Cavanaugh
    (860) 346-8900
    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.