Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1255 Middlebury Rd Middlebury, CT 06762

    • Commercial real estate
    • 2.83 lot acres
    For Lease
    View listing
    $750 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0265126
    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.

    Current Use by Public Records

    • Arrow Electric LLC / Electrician
    • Jason P. Rizza, DC / Chiropractor
    • Blackwood Logistics Llc / Towing Service
    • Middlebury Martial Arts Academy / Karate School / Martial Arts School
    • Middlebury Fine Wine & Spirits / Wine Store

    Property Details for 1255 Middlebury Rd

    Lot size
    2.83 lot acres
    Zone code
    CA40
    Property type
    Commercial real estate
    APN
    MIDD M:6-08 L:046
    APU
    MIDDM608L046

    Description

    The Middlebury Hamlet offers a unique opportunity to lease office space within a thriving commercial plaza. This two-building complex, totaling 22,800 square feet, was constructed in 1972 and features a variety of office subtypes, including traditional, executive, medical, and creative spaces. Currently, one 1,250 square foot space is immediately available for lease within this established center, which houses sixteen other businesses. The property boasts ample parking with 100+ spaces, making it convenient for employees and clients. The two-story buildings are not equipped with elevators. Tenants are responsible for their own utilities, rent, and a pro-rata share of monthly snow plowing and sewer costs. Located in New Haven County, this property provides excellent access to a strong local market and offers a variety of office configurations to suit diverse business needs. The property's location within one of the area's largest shopping centers ensures high visibility and foot traffic, creating a dynamic and convenient environment for businesses. This is an exceptional opportunity to establish or expand your business in a well-maintained and established commercial center. Inquire today to learn more about this available space and its potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Middlebury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.1259
    Latitude
    41.53
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, 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
    $31,631
    $279,000
    $701,500
    $980,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      19.53 Acres

      2132 Middlebury Rd

      COMMERCIAL (GENERAL) • 19.53 Acres
      2132 Middlebury Rd, Middlebury, CT 06762-2210
      View Details
    • Value Estimation by Request
      92.90 Acres

      555 Christian Rd

      COMMERCIAL (GENERAL) • 92.90 Acres
      555 Christian Rd, Middlebury, CT 06762-3206
      View Details
    • Value Estimation by Request
      2.78 Acres

      Straits Tpke

      COMMERCIAL (GENERAL) • 2.78 Acres
      Straits Tpke, Middlebury, CT 06762
      View Details
    • Value Estimation by Request
      13.12 Acres

      1625 Straits Tpke

      COMMERCIAL (GENERAL) • 13.12 Acres
      1625 Straits Tpke, Middlebury, CT 06762-1836
      View Details
    • Value Estimation
      $2,050,000
      50,018 SF

      199 Park Rd Ext Ste A

      SHOW ROOM, WAREHOUSE • 50,018 SF
      199 Park Rd Ext Ste A, Middlebury, CT 06762-1833
      View Details
    • Value Estimation
      $1,675,000
      17,742 SF

      687 Straits Tpke

      SHOW ROOM, WAREHOUSE • 17,742 SF
      687 Straits Tpke, Middlebury, CT 06762-2846
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.00 Acres

      Prime Middlebury Land - 5 Acres

      Commercial & Agricultural Land, Buildable
      0 Rte 188 & Benson Rd, Middlebury, CT 06762
      View Details
    • $449,900
      2.64 Acres

      Middlebury Commercial Land - $449,900

      Prime 2.64-acre development site in Middlebury, CT.
      659 Middlebury Rd, Middlebury, CT 06762
      View Details
    • $495,000
      1.16 Acres

      Prime Middlebury Commercial Land

      1.16 Acres, 6,500 SF Potential
      1395 West St, Middlebury, CT 06762
      View Details
    • $75,000

      Three-Lot Subdivision Development Opportunity

      Three-lot subdivision for sale in Middlebury, Connecticut.
      Ferndale Ave, Middlebury, CT 06762
      View Details
    • $399,000

      Land For Sale Middlebury

      Land available for sale in Middlebury, Connecticut.
      1140 Southford Rd, Middlebury, CT 06762
      View Details
    • $889,900

      Leonard Rd Specialty Property For Sale

      Specialty property available for purchase on Leonard Rd.
      383 Leonard Rd, Middlebury, CT 06762
      View Details

    Similar Nearby for Lease

    • $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
    • $16 SF/Yr
      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
    • $27 SF/Yr
      4,800 SF

      472 Middlebury Rd

      Individual retail properties • 4,800 SF
      472 Middlebury Rd, Middlebury, CT 06762
      View Details
    • $16 SF/Yr
      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
      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
    • $650 /Mo
      400 SF

      Professional Office Space Available

      Office suites available in well-maintained plaza with utilities included.
      900 Straits Tpke, Middlebury, CT 06762
      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.
    1255 Middlebury Rd
    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
    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

    Google sign-in failed. Please try again or use another login method.