Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    363 Broad St Middletown, CT 06457
    Property profile & analytics

    363 Broad St, Middletown, CT 06457

    View on Map
    • Office Spaces
    • 4,025 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 363 Broad St

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This exceptional Middletown, Connecticut executive office space, located at 363 Main and 134 Broad, offers a total of 4,025 square feet of meticulously maintained office area. Currently, the entire space is available for lease, providing a unique opportunity for a single tenant seeking a substantial footprint or multiple tenants seeking smaller, more manageable suites. The building is ideally suited for businesses requiring executive-level accommodations and offers flexible lease terms to accommodate various needs. Individual suites range from a minimum of 725 square feet up to a maximum contiguous space of 3,300 square feet, allowing for scalability and customization to fit your specific business requirements. The property's strategic location in Middlesex County, with its convenient access to major transportation routes and amenities, makes it an attractive option for businesses seeking a prominent and easily accessible location. The address is 363 Main and 134 Broad, Middletown, CT 06457. This is a multi-tenant building, providing a vibrant and collaborative work environment. The property is classified as an office building with executive office and professional subtypes. Don't miss this chance to secure your ideal workspace in this thriving Connecticut community. Contact us today to schedule a viewing and discuss your leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6509
    Latitude
    41.561

    Comparable in this City

    • Value Estimation by Request
      81,368 SF

      100 Roscommon Dr

      Office Units
      100 Roscommon Dr, Middletown, CT 06457
      View Details
    • Value Estimation by Request
      63,828 SF

      100 Riverview Ctr

      Office Units
      100 Riverview Ctr, Middletown, CT 06457
      View Details
    • Value Estimation by Request
      7,814 SF

      575 Main St

      Medical Office Space
      575 Main St, Middletown, CT 06457
      View Details
    • Value Estimation by Request
      2,046 SF

      133 Main St

      Medical Office Space
      133 Main St, Middletown, CT 06457
      View Details
    • Value Estimation by Request

      98 Washington St

      Medical Office Space
      98 Washington St, Middletown, CT 06457
      View Details
    • Value Estimation by Request

      98 Washington St

      Office Spaces
      98 Washington St, Middletown, CT 06457
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,088 SF

      Middletown Office Space For Rent

      Well-maintained 2,200 SF office space near Middlesex Hospital.
      198 S Main St, Middletown, CT 06457
      View Details
    • $650,000
      8,545 SF

      Industrial Condo with Office Space

      8545 SF industrial condo with office and warehouse space.
      362 Industrial Park Rd, Middletown, CT 06457
      View Details
    • Contact for pricing
      7,814 SF

      Middletown Office Condo For Sale

      Pristine 7,814 SF office condo in downtown Middletown.
      575 Main St, Middletown, CT 06457
      View Details
    • $1,400,000
      Pending

      Middletown Industrial Facility For Sale

      27,000 SF industrial facility with I-91 access.
      35 Industrial Park Pl, Middletown, CT 06457
      View Details
    • $1,089,000
      7,814 SF

      Downtown Middletown Office Condominium

      Modern office space in a vibrant downtown location.
      575 Main Street Ext, Middletown, CT 06457
      View Details

    Similar Nearby for Lease

    • $500 /Mo
      300 SF

      Downtown Middletown Office Space

      Charming office space in downtown Middletown with flexible lease terms.
      124 Washington St, Middletown, CT 06457
      View Details
    • Contact for pricing

      Middletown Office Spaces For Rent

      Professional office suites in downtown Middletown, utilities included.
      62 Washington St, Middletown, CT 06457
      View Details
    • $17 SF/Yr
      775 SF

      Retail/Office Space on State Rt 17

      Prime retail/office space available now on State Rt 17.
      701 SOUTH Main Street Ext, Middletown, CT 06457
      View Details
    • Contact for pricing
      4,780 SF

      Middletown Office Space For Rent

      Well-lit office spaces in central Middletown, flexible lease terms.
      46 Washington St, Middletown, CT 06457
      View Details
    • $2,200 /Mo
      650 SF

      Renovated Office Space For Rent

      Modern, renovated office space near downtown, approximately 650 square feet.
      21 Saybrook Rd, Middletown, CT 06457
      View Details
    • $500 /Mo
      300 SF

      Downtown Middletown Office Space Rental

      Charming office in Victorian building, flexible lease, utilities included.
      124 Washington St, Middletown, CT 06457
      View Details
    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.
    363 Broad St
    Middletown, CT 06457
    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
    363 Broad 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!