Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Space Available For Lease Title is generated by Realmo AI

    440 Middlefield St, Middletown, CT 06457

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

    Industrial building with space available for lease in Middletown.

    Type:Industrial
    Property size:
    68,500 SF
    Lot size:
    5.50 Acres
    Added:
    Jun 21, 2022
    Days on Market:
    1423
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 440 Middlefield St

    General Information

    Standard status
    Active
    Size
    68,500 SF
    Lot size
    5.50 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1910

    Spaces For Lease

    at 440 Middlefield St Contact us

    Available Space 1 $8 /Mo

    Size
    6,250 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Christian Dietz
    Christian Dietz

    Listing agent Christian Dietz License #RES.0820016

    Listing office Colliers - Hartford, Connecticut

    Listing date Jun 21, 2022

    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 Colliers - Hartford, Connecticut

    HighLights

    • ±6,250 sf available for lease
    • Industrial building with ±68,500 sf total area
    • Building renovated in 2016
    • Located on 5.50 acres
    • Second floor availability
    • Year Built: 1910

    Overview

    The property at 440 Middlefield Street is an industrial building encompassing approximately 68,500 square feet, situated on a 5.50-acre lot. There is approximately 6,250 square feet available for lease on the second floor. The building underwent renovations in 2016.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Normal Kings, Inc. Marketing & Advertising Leaf Only (Bike/Boat/Book/etc) Store Baldwin Lawn Furniture ... Furniture & Home Goods BBQ Pit Boys ... Marketing & Advertising Bobby's Bounce House ... Rental Equipment Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6851708
    Latitude
    41.5447159

    Nearby Similar for Lease

    • $1,450/Mo

      Updated Office Space Available Now

      Versatile 855 SF office space for immediate occupancy.
      670 Newfield Street, Middletown, CT 06457
      View Details
    • $500/Mo

      Middletown Office Space for Lease

      Well-lit office spaces in the heart of Middletown available for rent.
      46 Washington Street, Middletown, CT 06457
      View Details
    • $1,595/Mo

      Updated Retail Space in Middletown

      Recently updated 1,200 SF retail space for lease.
      650 S Main Street, Middletown, CT 06457
      View Details
    • Contact for pricing

      Middletown Office Space For Rent

      Professional office space in downtown Middletown, utilities included.
      62 Washington St 202, Middletown, CT 06457
      View Details
    • Contact for pricing

      Updated Office Space Available Now

      Versatile 855 SF office space suitable for various professionals.
      670 Newfield St C, Middletown, CT 06457
      View Details
    • $1,550/Mo

      Downtown Middletown Office Space Available

      Handicap accessible office space for lease in downtown Middletown.
      98 Washington Street, Middletown, CT 06457
      View Details
    • $3,500/Mo

      Adaptable Office Space on Newfield

      Converted office space with flexible design and ample parking.
      609 Newfield Street, Middletown, CT 06457
      View Details
    • $1,100/Mo

      Middletown Office Space For Rent

      Professional office space in downtown Middletown with utilities included.
      62 Washington Street #201, Middletown, CT 06457
      View Details
    • $1,000/Mo

      Middletown Office Space For Rent

      Professional 726 SF office space in downtown Middletown.
      62 Washington Street #208, Middletown, CT 06457
      View Details
    • $1,000/Mo

      Middletown Office Space For Rent

      Professional 750 SF office space in vibrant downtown Middletown.
      62 Washington Street #202, Middletown, CT 06457
      View Details
    • $1,000/Mo

      Middletown Office Space For Rent

      Professional 850 SF office space in downtown Middletown.
      62 Washington Street #204, Middletown, CT 06457
      View Details
    • $900/Mo

      Middletown Office Space For Rent

      Professional 700 SF office space in downtown Middletown.
      62 Washington Street #207, Middletown, CT 06457
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial building with space available for lease in Middletown.
    Where is this warehouse located?
    The property is located at 440 Middlefield St Middletown, CT.
    What are key features of this property?
    This property features: ±6,250 sf available for lease; Industrial building with ±68,500 sf total area; Building renovated in 2016
    (860) 616-4028 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Christian Dietz
    Christian Dietz
    Real Estate License ID: RES.0820016
    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

    Thank You for Inquiry
    440 Middlefield St, Middletown, CT 06457
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!