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    199 Park Road Ext Middlebury, CT 06762

    Sponsored
    For Lease
    $15 SF/Yr

    Premium Office Space, 2,152-3,390 SF Available

    Lot size:
    5,542 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional office space, located in the prestigious former Timex World Headquarters at 199 Park Road Extension, offers two available suites ranging from 2,152 to 3,390 square feet. The property boasts a total of 7,787 square feet of vacant space, perfect for businesses seeking flexible and modern executive office accommodations. The building features a finished interior, rubber roof, sprinkler system, and ample asphalt paving. With 1,000 parking spaces available, convenient parking is ensured for employees and clients. The property is conveniently located alongside established businesses including Aldo's Restaurant, Comcast Spotlight offices, Next Street Driving School, Garmen International, J&L Medical, and Vitas Healthcare. Utilities include Eversource gas and electric (200 amps), town water, and town sewer. The lease rate is $15.00 per square foot, plus estimated net operating expenses of $4.52 per square foot. The property is zoned LI-80. This prime location offers a professional and established environment for your business to thrive. Multiple tenancy options are available, with a minimum divisible space of 2,152 square feet and a maximum contiguous space of 3,390 square feet.

    Property Features for 199 Park Road Ext

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,542 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,152 SF
    Rate per SF
    $15
    Space
    Available Space 3
    Size
    3,390 SF
    Rate per SF
    $15

    HighLights

    • Two executive office suites available, ranging from 2,152 to 3,390 square feet.
    • Located in the former Timex World Headquarters.
    • Building features tenants including Aldo's Restaurant, Comcast, and several other businesses.
    • Lease rate: $15.00 PSF, plus estimated NNN of $4.52 PSF.
    • Total of 1,000 parking spaces available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Garmin - Middlebury Software Company J & L MEDICAL ... Medical Equipment Supplier International Union of Operating ... Labor Union VITAS Healthcare Hospice Owandy Radiology - I-Max ... Medical Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Middlebury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0992623
    Latitude
    41.553139

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    FAQs

    What type of property is this?
    Office Property / Space - Premium Office Space, 2,152-3,390 SF Available
    Where is this office property / space located?
    The property is located at 199 Park Road Ext Middlebury, CT.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Two executive office suites available, ranging from 2,152 to 3,390 square feet.; Located in the former Timex World Headquarters.; Building features tenants including Aldo's Restaurant, Comcast, and several other businesses.
    Request Owner's contact information
    199 Park Road Ext Middlebury, CT 06762
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    Middlebury, CT 06762
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    Realmo Value Estimation

    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.

    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.

    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
    199 Park Road Ext Middlebury, CT 06762
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