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Property profile & analytics
OFF-MARKET Estimated value $2,805,000
Commercial real estate

1579 Straits Tpke Ste 1a Middlebury, CT 06762-1835

15,491 SF Built 1978
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US15-0429145
Property summary
AI-generated overview

This exceptional Class A office space, part of the prestigious Turnpike Office Park, offers 2,001 square feet of move-in ready executive office space. Located in New Haven County, this property boasts a prime location within a larger 105,000 square foot building, formerly the Timex World Headquarters. Built in 2017, the three-story building features ample parking with 425 spaces available. The suite itself is part of a multi-tenant building, offering a professional and collaborative environment. The expansive 32-acre lot provides a park-like setting, enhancing the overall appeal and accessibility. The property is zoned for commercial use, ensuring flexibility for a variety of businesses. This is a rare opportunity to secure high-quality office space in a desirable location. The suite is immediately available, offering a seamless transition for your business. With its modern design and convenient amenities, this executive office suite is perfect for businesses seeking a sophisticated and efficient workspace. The building's impressive size and ample parking ensure convenience for employees and clients alike. Don't miss this chance to establish your business in this exceptional location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 1978
Total area 15,491 SF
APN MIDD M:4-08 L:427-TP1A1000
UPID US15-0429145
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. James T Prado Alternative Medicine Practice
  • Edmond Daniells, DC Alternative Medicine Practice
  • Ct Center-Advanced Vein Therapy Medical Clinic
  • Pain & Spine Specialists of CT Physician
  • Score Physical Therapy LLC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.80M
CAP Approach CAP
$2.90M
Comparable Approach Comparable
$1.94M
Blend (final) Blend
$2.81M
Owner & transaction history
1579 Straits Tpke LLC · 4 yrs held
1579 Straits Tpke LLC
since 2022
Last sale
$2.8M
5 recorded transactions
2022
$2.8M
2010
Price N/A
2005
Price N/A
2004
$1.9M
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.3M +110.0%
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