Add Listing
    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

    362 Industrial Park Rd, Unit 3 Middletown, CT 06457

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $724,900

    Versatile condo with office and warehouse space near I-91.

    Property size:
    9,301 SF

    Property Features for 362 Industrial Park Rd

    General Information

    Standard status
    Active
    Size
    9,301 SF

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Robert Rosa
    Source: Corcoran

    Listing Agency: Berkshire Hathaway NE Prop. Listing Agent: Robert Rosa

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

    Learn more

    Overview

    Industrial-Office Condo Near I-91

    This industrial-office condominium offers a strategic location in Connecticut, situated just off Interstate 91 (Exits 20 & 21), providing regional access for employees, clients, and logistics. The property features a flexible layout with office and warehouse space, high ceilings, a loading dock, overhead doors, and a drive-up ramp to the large warehouse area. It is suitable for service, distribution, storage, or hybrid space needs. The condominium format eliminates exterior maintenance responsibilities. The property includes natural gas heat and central air. The property size is 9301 square feet. This property is ideal for businesses seeking a location with minimal exterior upkeep, suitable for expansion, consolidation, or right-sizing operations. It is located in a hub of Connecticut commerce.
    Location Intelligence

    Current Use by Public Records

    Artis Energy Solutions Production Facility In-Store Opportunities Industrial Manufacturer Skyline Exhibits & Graphics Marketing & Advertising Lord & Hodge Inc (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.7113177
    Latitude
    41.593094

    Nearby Similar for Sale

    • New
      $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
    • New
      $329,000
      1,818 SF

      Spacious Home in Prime Location

      Versatile home near Wesleyan University and downtown Middletown.
      207 Pearl 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
    • $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
    • $699,609
      2,028 SF

      Adaptable Commercial Space on Newfield Street

      Versatile commercial property with high visibility and flexible usage options.
      609 Newfield St, Middletown, CT 06457
      View Details
    • New
      $1,800,000
      8,390 SF

      Profitable Medical/Office Investment Opportunity

      Meticulously maintained medical/office properties with immediate cash flow.
      51 South Main Street Ext, 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
    • $399,900

      Retail Building on Main Street

      Retail building in high-traffic area, suitable for various businesses.
      346 Main St, Middletown, CT 06457
      View Details
    • $1,100,000
      21,587 SF

      Middletown Office Building with Kitchen

      21,587 SF office building with commercial kitchen for sale.
      33 Pleasant St, Middletown, CT 06457
      View Details
    • New
      $2,800,000
      27,140 SF

      Middletown Mixed-Use Building For Sale

      Renovated mixed-use building in growing Middletown market with upside.
      62 Washington St, Middletown, CT 06457
      View Details
    • $825,000
      10,459 SF

      Commercial Retail Building For Sale

      Commercial retail building on busy route 17, development opportunity.
      695 South Main Street Ext, Middletown, CT 06457
      View Details
    • $549,000

      Talcott Ridge Drive Property

      Property at Talcott Ridge Dr, Middletown, CT for sale.
      18-A Talcott Rdg Dr, Middletown, CT 06457
      View Details

    FAQs

    What type of property is this?
    Flex space - Versatile condo with office and warehouse space near I-91.
    Where is this flex space located?
    The property is located at 362 Industrial Park Rd, Unit 3 Middletown, CT.
    What is the asking price?
    The asking price for this property is $724,900.
    What are key features of this property?
    This property features: - Strategic location off I-91 (Exits 20 & 21) providing excellent regional access.; - Flexible layout with office and warehouse space, loading dock, overhead doors, and drive-up ramp.; - Condominium format eliminates exterior maintenance responsibilities.
    (860) 558-2122
    Request Owner's contact information
    362 Industrial Park Rd, Unit 3 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.
    362 Industrial Park Rd, Unit 3
    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
    362 Industrial Park Rd, Unit 3 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
    Robert Rosa
    Real Estate License ID: REB.0757284
    (860) 558-2122 (860) 515-3100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!