Medical Office Building For
687 Straits Tpke Middlebury, CT
For Sale
Contact for pricing
Turn-key medical office space available with convenient highway access.
Property Size6,106 SF
Lot Size1.80 Acres
Price / SF$311.17
Days on Market370
Property Features for 687 Straits Tpke
General Information
Standard status
Active
Size
6,106 SF
Lot size
1.80 Acres
Property subtype
OFFICE
Listing Agency:
O,R&L Commercial, LLC
(203) 640-5575
Listed By:
Toby Brimberg · License #CT RES.0076659
(203) 640-5575
Source:
Moodyscre
Added: Jul 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:48AM
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 O,R&L Commercial, LLC
Investment Insights
Based on property information with market context.
This is a 17,742 square foot professional medical office building. The 3-story building is equipped with an elevator. Available space on the 2nd floor ranges from 3,000 to 6,106 square feet. The layouts are open. Central air conditioning is available. There are 64 parking spaces surrounding the building. The property offers convenient access to I-84 and is near many area amenities.
Key Highlights
- Turn‑Key Medical Office Building (17,742± SF)
- Convenient Access to I‑84
- 64 Parking Spaces available
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.2k | $21.00 |
| − Vacancy | −$23.1k | −$3.78 |
| EGI | $105.1k | $17.22 |
| − OpEx | −$26.3k | −$4.31 |
| NOI | $78.9k | $12.92 |
6,106 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.13M
$985.7K – $1.31M
NOI $78,859 @ 7.0% cap · market cap 4.15%
Second Best
Healthcare Medical
$1.10M
$960.6K – $1.28M
NOI $76,848 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,425 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turn-key medical office space available with convenient highway access.
Where is this medical office space located?
The property is located at 687 Straits Tpke Middlebury, CT.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Turn‑Key Medical Office Building (17,742± SF); Convenient Access to I‑84; 64 Parking Spaces available
