Add Listing
    For Lease
    • 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

    1003 Middletown Ave Northford, CT 06472

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern Office Space, Flexible Lease Options

    Lot size:
    8,400 SF

    Property Features for 1003 Middletown Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,400 SF
    Total Rate
    3500

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    3

    Spaces For Lease

    at 1003 Middletown Ave, Northford, CT 06472 Contact us
    Unit Available Space 3

    $12 /Mo

    Size
    2,400 SF
    Contact us
    Unit Available Space 2

    $14 /Mo

    Size
    2,400 SF
    Contact us
    Unit Available Space 1

    $14 /Mo

    Size
    3,624 SF
    Contact us

    We can help!

    Listing Contact
    Mark Glassman

    Listing Agency: Property World Listing Agent: Mark Glassman

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

    Learn more

    Property Insight Report

    Overview

    This brand-new, three-story suburban office building in Northford, Connecticut, offers 8,424 square feet of versatile space, ideal for a variety of businesses. Currently fully vacant, the building boasts a flexible layout, allowing for customized build-outs to meet specific tenant needs. The first floor comprises 3,624 square feet, while the second floor offers 2,400 square feet. An additional 2,400 square feet of basement space is available at a reduced rate, contingent upon tenant build-out requirements. The building is zoned 1-2 and situated on one acre of land. Amenities include 30 parking spaces, a three-stop elevator, and high ceilings ranging from 12 to 14 feet. The building is equipped with a 400-amp power supply. Leasing options are flexible, allowing for the lease of the entire building or portions thereof. The property is located at 1003 Middletown Ave., Building H, Northford, CT 06472, within the New Haven submarket of New Haven County. This modern, efficient building presents a unique opportunity for businesses seeking flexible and adaptable office space in a convenient suburban location. The building's multiple subtypes, including medical, traditional, creative, and executive office spaces, cater to a wide range of potential tenants. The minimum divisible space is 2,400 square feet, with a maximum contiguous space of 8,424 square feet. The building was constructed in 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rankin Waste Removal Waste Management Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom HVAC Service Garden Center Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Northford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.817174101149
    Latitude
    41.377680011088

    FAQs

    What type of property is this?
    Office space - Modern Office Space, Flexible Lease Options
    Where is this office space located?
    The property is located at 1003 Middletown Ave Northford, CT.
    What is the lease rate?
    The lease rate is $12-$14 SF/Yr.
    What are key features of this property?
    This property features: Ample parking with 30+ spaces.; EV charging stations available.; ADA compliant building with a three-stop elevator.
    (203) 314-0605 Call to check price and availability
    Request Owner's contact information
    1003 Middletown Ave Northford, CT 06472
    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.
    1003 Middletown Ave
    Northford, CT 06472
    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
    1003 Middletown Ave Northford, CT 06472
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Glassman
    Real Estate License ID: RES.0263303
    (203) 314-0605 (203) 877-1221
    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!