100 Main St Middletown, CT 06457-3422
Property profile & analytics
100 Main St Middletown, CT 06457-3422
- Showrooms
- 14,334 SF
- 0.82 lot acres
Property ID
US15-0080339
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Edible Arrangements / (Bike/Boat/Book/etc) Store
- FavoriteMedia / Film Production / Television Studio
- Law Offices of Roberto Tschudin Lucheme / Law Firm
- Strongtech Roofing / Roofing Company / General Contractor
- Harvest Development Group, LLC / Consultant
Property Details for 100 Main St
- Year built
- 1977
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.82 lot acres
- Property size
- 14,334 SF
- Zone code
- B-1
- Property type
- Showrooms
- APN
- MTWN M:24 L:0274
- APU
- MTWNM24L0274
Description
This exceptional investment opportunity presents a fee-simple interest in a 14,000 square foot, three-tenant medical and retail building situated in Middletown, Connecticut. The property boasts a 100% occupancy rate, anchored by DaVita Dialysis, a leading kidney care provider, occupying 12,000 square feet and holding a significant lease term. Two additional tenants, Edible Arrangements and Abyssinian Food, complement the property's diverse tenant mix. Built in 1960 and renovated in 2009, the single-building property sits on a 0.82-acre lot. The Net Lease (NNN) structure minimizes landlord responsibilities, offering a passive investment with a current NOI of $296,396 and a 7.20% cap rate. The asking price is $4,116,600. All tenants have 2% annual rent bumps built into their leases, and lease options are available. The weighted average lease term (WALT) is 5.4 years, providing long-term stability and predictable cash flow. The property benefits from its high-visibility location off US Highway 9, serving a strong demographic area with an average household income of $118,259 within a 5-mile radius. This offering presents a compelling investment in a stable, growing industry within a desirable Connecticut market.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,218,000
- AI Estimate
- $2,061,000
Market price range: $1.11M - $2.22MMarket price range: $684k - $2.06M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,585,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,520,000 Change: -4% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Middlesex
- State
- Connecticut
- Longitude
- -72.6474
- Latitude
- 41.5581
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$81,798
$557,070
$1,773,370
$2,330,440
-
$0.00
$0.00
$0.00
