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

    1625 Straits Tpke Middlebury, CT 06762

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

    Class A Office Suites, 970-3673 sqft

    Lot size:
    6,813 SF

    Property Features for 1625 Straits Tpke

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,813 SF
    Class
    A
    Total Rate
    9651.75

    Building Details

    Stories
    3

    Spaces For Lease

    at 1625 Straits Tpke, Middlebury, CT 06762 Contact us
    Unit Unit 104B

    $17 /Mo

    Size
    970 SF
    Contact us
    Unit Unit 107B

    $17 /Mo

    Size
    2,170 SF
    Contact us

    We can help!

    Listing Contact
    Gerry Matthews
    Gerry Matthews

    Listing Agency: Matthews Commercial Properties Listing Agent: Gerry Matthews

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

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A medical office building, located at 1625 Straits Turnpike in Middlebury, Connecticut, offers multiple suites for lease. The building totals 6,813 square feet across three stories, with a minimum divisible space of 970 square feet and a maximum contiguous space of 3,673 square feet. Currently, the entire 6,813 square feet is available. Each suite boasts 10-foot ceilings. The building is zoned LI200 in New Haven County (zip code 06762). Utilities are included in the rent, encompassing heat, electricity, air conditioning, and all common area charges. Power is supplied by Eversource with 200 amps. This is the largest medical office building in the area, presenting a unique opportunity for medical practices seeking modern, efficient, and conveniently located space. The building's prime location in Middlebury offers easy access to major transportation routes and a thriving community. Contact us today to learn more about leasing options and pricing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Generali School of Literature Daycare Center Jennifer Phung Physician Dr. Stanley Foster Physician Yale Dermatology-Middlebury Physician Domenic's & Vinnie's Pizza Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middlebury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0937516
    Latitude
    41.5541371

    Nearby Similar for Lease

    • $14 SF/Yr
      1,000 SF

      Flexible Office & Retail Space

      Office and retail spaces available in Middlebury, near I-84.
      750 Straits Tpke, Middlebury, CT 06762
      View Details
    • Contact for pricing
      2,200 SF

      Former Bank with Drive-Thru

      2,200 SF former bank with drive-thru on Rt. 64.
      503 Middlebury Rd, Middlebury, CT 06762
      View Details
    • Contact for pricing
      6,106 SF

      Medical Office Building For Rent

      Turn-key medical office space available with convenient highway access.
      687 Straits Tpke, Middlebury, CT 06762
      View Details
    • Contact for pricing
      400 SF

      Professional Office Space Available

      Office suites available in well-maintained plaza with utilities included.
      900 Straits Tpke, Middlebury, CT 06762
      View Details
    • Contact for pricing
      2,001 SF

      Middlebury Office Space For Rent

      2,001 square foot office space available for rent.
      1579 Straits Tpke, Middlebury, CT 06762
      View Details
    • Contact for pricing
      2,151 SF

      Retail Space Available For Lease

      Retail space for lease with net rates.
      590 Middlebury Rd, Middlebury, CT 06762
      View Details
    • $750 /Mo
      650 SF

      Remodeled Office Space For Rent

      Remodeled 650 square foot office space available for rent.
      1255 Middlebury Rd, Middlebury, CT 06762
      View Details
    • Contact for pricing
      1,305 SF

      New Industrial Flex Space Available

      New construction industrial flex space for lease with easy access.
      80 Turnpike Dr, Middlebury, CT 06762
      View Details
    • $14 SF/Yr
      2,650 SF

      Executive Office Space in Middlebury, CT

      Prime Office Building, 2,650 SF Available
      984 Southford Rd, Middlebury, CT 06762
      View Details
    • $15 SF/Yr
      5,542 SF

      Park Road Executive Suites

      Premium Office Space, 2,152-3,390 SF Available
      199 Park Road Ext, Middlebury, CT 06762
      View Details
    • $17 SF/Yr
      4,611 SF

      Middlebury Executive Office Space

      4,835 SF Office, Move-In Ready
      1625 Straits Tpke, Middlebury, CT 06762
      View Details
    • $19 SF/Yr
      32,708 SF

      Middlebury Medical Office Space For Lease

      Modern medical office suites available in prime location.
      765 Straits Tpke, Middlebury, CT 06762
      View Details

    FAQs

    What type of property is this?
    Medical office - Class A Office Suites, 970-3673 sqft
    Where is this medical office located?
    The property is located at 1625 Straits Tpke Middlebury, CT.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Largest medical office building in the area.; All utilities and CAM charges included in rent.; Attractive exterior finishes.
    (203) 753-5800 Call to check price and availability
    Request Owner's contact information
    1625 Straits Tpke Middlebury, CT 06762
    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.
    1625 Straits Tpke
    Middlebury, CT 06762
    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
    1625 Straits Tpke Middlebury, CT 06762
    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 Gerry Matthews
    Gerry Matthews
    Real Estate License ID: REB.0754503
    (203) 753-5800 (203) 509-9512
    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!