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

    754 Middle St Middletown, CT 6457

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    7.6 acre land parcel available for sale.

    Type:Land
    Lot size:
    7.60 Acres
    Added:
    Sep 21, 2020
    Days on Market:
    2035
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 754 Middle St

    General Information

    Standard status
    Active
    Lot size
    7.60 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Mark Greenberg

    Listing agent Mark Greenberg License #CT REB.0789919

    Listing office Mark Greenberg Real Estate Co

    Listing date Sep 21, 2020

    Source Crexi

    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 Mark Greenberg Real Estate Co

    Overview

    7.6 Acre Land Parcel

    This 7.6-acre plot of land is part of a larger 56-acre site. The ownership is dividing the site and selling individual plots, offering the option to purchase the land as-is or have a building constructed to suit specific needs. The parcel is suitable for constructing a one-story building with a footprint of 57,375 square feet. The conceptual building design includes approximately 37 parking spaces, 4 loading docks, and 30 overhead doors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.7206535
    Latitude
    41.5903219

    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, Middletown, CT 06457
      View Details
    • $329,000
      1,818 SF

      Spacious Home in Prime Location

      Versatile home near Wesleyan University and downtown Middletown.
      207 Pearl Street, 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 Street, Middletown, CT 06457
      View Details
    • $1,800,000
      8,390 SF

      Profitable Medical/Office Investment Opportunity

      Meticulously maintained medical/office properties with immediate cash flow.
      51-57 South Main Street, Middletown, CT 06457
      View Details
    • $895,000
      10,459 SF

      Commercial Retail Building For Sale

      Commercial retail building on busy route 17, development opportunity.
      695 South Main Street, 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
      View Details
    • $1,800,000
      8,390 SF

      Profitable Medical/Office Investment Opportunity

      Meticulously maintained medical/office properties with immediate cash flow.
      51 S Main St, Middletown, CT 06457
      View Details
    • $479,900
      1,281 SF

      Coe Avenue Commercial Property

      Versatile commercial property in Middletown, ideal for various business ventures.
      110 Coe Avenue, Middletown, CT 06457
      View Details
    • $339,900

      Spacious Two-Family Home

      Well-maintained duplex near downtown and university, ideal for investors.
      117-119 S Main St, Middletown, CT 06457
      View Details
    • $750,000
      2,200 SF

      Middletown Office Space For Rent

      Well-maintained 2,200 SF office space near Middlesex Hospital.
      198 S Main St, Middletown, CT
      View Details
    • $275,000

      Unique Commercial Building in Middletown

      Commercial building suitable for creative space or multiple uses.
      565 High St, Middletown, CT 06457
      View Details
    • $1,089,000
      7,814 SF

      Downtown Middletown Office Condominium

      Modern office space in a vibrant downtown location.
      575 Main Street #STE 2, Middletown, CT 06457
      View Details

    FAQs

    What type of property is this?
    Land - 7.6 acre land parcel available for sale.
    Where is this land located?
    The property is located at 754 Middle St Middletown, CT.
    What is the asking price?
    The asking price for this property is $1,290,938.
    What are key features of this property?
    This property features: 7.6 acre plot of land available for purchase.; Option to purchase land or have a building built to suit by current ownership.; Potential to construct a one‑story 57,375 square foot building.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Greenberg
    Real Estate License ID: CT REB.0789919
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!