Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    End Unit Professional Office Condo Title is generated by Realmo AI

    500 Purdy Hill Rd 8, Monroe, CT 06468

    View on Map
    Claim this Listing
    New
    For Lease
    $1,750/Mo $22 SF/Yr (calc)

    Open-plan end unit with abundant natural light, freshly painted interior, plus optional basement storage for flexible professional use.

    Type:Commercial
    Property size:
    945 SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 5:55 am

    Property Features for 500 Purdy Hill Rd 8

    General Information

    Standard status
    Active
    Size
    945 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Jeanette Politano
    Jeanette Politano

    Listing agent Jeanette Politano License #RES.0795642

    Listing office Coldwell Banker Realty

    Listing date Jun 3, 2026

    Source Elliman

    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 Coldwell Banker Realty

    HighLights

    • 945 SF professional office condo end unit available for lease
    • Open floor plan with multiple front, side, and rear windows for natural light
    • Freshly painted light gray interior with white trim throughout
    • Optional basement storage available for an additional $250; approx. 500 SF
    • Tenant pays base rent plus heat and electric; no NNN
    • B1 zoning supports a range of uses, including attorney/real estate/CPA/engineering/medical and general professional offices

    Overview

    This professionally finished end unit office condo offers an open floor plan suited for a collaborative layout or cubicles for staff. Several windows on the front, side, and rear bring in abundant natural light. The space has been freshly painted in a light gray color with white trim. A basement area is available to lease separately for storage of items, approximately 500 sf, with an additional $250 charge.

    The suite is located in Monroe, Connecticut with convenient access to Routes 111 and 25, about 2 miles from their intersection. The area is close to shopping, restaurants, a park, and nearby highway access.

    The space is a strong fit for a range of office and professional uses supported under B1 zoning per Town of Monroe regulations, including attorney, real estate, CPA, interior designer, engineering, financial services, medical and dental uses, therapy, and general and professional offices. B1 zoning also references restaurants and a bank or credit union, and the location can be used for Town of Monroe offices and facilities. Tenant is responsible for base rent plus heat and electric, and the lease is stated as non-NNN.
    Location Intelligence

    Current Use by Public Records

    Thomas C. Roballey, ... Alternative Medicine Practice Cleland E Gordon Law Firm DiBlasi Associates PC Structural Engineer Healthy Smiles Dental ... Dental Office Chadys Jon David ... Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2509573
    Latitude
    41.305692

    Nearby Similar for Lease

    • $2,500/Mo
      8,832 SF

      Retail Space in Monroe, CT

      Retail space with parking and high traffic count.
      605 Main Street, Monroe, CT 06468
      View Details
    • $2,500/Mo
      1,048 SF

      Retail Space in Active Center

      Prime retail space available in Stepney Center, Monroe, CT.
      446 Main Street, Monroe, CT 06468
      View Details
    • $1,900/Mo
      1,644 SF

      Retail Space in Stepney Green

      Retail space available in Stepney Green location, Monroe, CT.
      406 Main Street, Monroe, CT 06468
      View Details
    • $2,400/Mo
      1,354 SF

      Furnished Office Suite Ready Now

      Turn-key office suite available for immediate occupancy.
      500 Monroe Tpke, Monroe, CT 06468
      View Details
    • $15 SF/Yr
      3,600 SF

      Prime Retail Space with Parking

      Retail space with ample parking and flexible suite sizes, conveniently accessed from Route 25.
      415 Main St, Monroe, CT 06468
      View Details
    • $10 SF/Yr
      17,394 SF

      Monroe Commercial Flex Space Available

      Flexible commercial space suitable for various uses in Monroe, CT.
      1545 Monroe Turnpike, Monroe, CT 06468
      View Details
    • $1,575/Mo

      Retail Storefront with Private Entrances

      Retail suite in a busy strip mall with private front and back entrances plus a dedicated bathroom and ample off-street parking.
      494 Main St 2, Monroe, CT 06468
      View Details
    • $1,750/Mo
      945 SF

      Professional Office Condo For Lease

      945 SF office condo with flexible B1 zoning.
      500 Purdy Hill Road #8, Monroe, CT 06468
      View Details
    • $1,575/Mo
      850 SF

      Retail Space on Route 25

      Retail space with high visibility in a busy strip mall.
      494 Main Street #2, Monroe, CT 06468
      View Details
    • $2,500/Mo

      Retail Space with Open Layout

      Retail space with open floor plan and ample parking.
      605 Main St, Monroe, CT 06468
      View Details
    • $1,900/Mo
      1,644 SF

      Retail Space in Stepney Green

      Retail space available for rent in Stepney Green location.
      406 Main Street, Monroe, CT 06468
      View Details
    • $850/Mo
      850 SF

      Turn-key Office/Flex Space Available

      Second-floor office/flex space with shared amenities and easy highway access.
      17 Enterprise Drive, Monroe, CT 06484
      View Details

    FAQs

    What type of property is this?
    Office units - Open-plan end unit with abundant natural light, freshly painted interior, plus optional basement storage for flexible professional use.
    Where is this office units located?
    The property is located at 500 Purdy Hill Rd 8 Monroe, CT.
    What is the lease rate?
    The lease rate is $1,750 /Mo.
    What are key features of this property?
    This property features: 945 SF professional office condo end unit available for lease; Open floor plan with multiple front, side, and rear windows for natural light; Freshly painted light gray interior with white trim throughout
    (203) 218-3383
    We can help!
    Listing Contact
    Jeanette Politano
    Jeanette Politano
    Real Estate License ID: RES.0795642
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    500 Purdy Hill Rd 8, Monroe, CT 06468
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!