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    Property profile & analytics

    162 Purdy Hl Rd Monroe, CT 06468-2115

    • Showrooms
    • 6,000 SF
    • 4.28 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0588004
    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

    • Purdy Hill Bakery & Deli LLC / Bakery / Specialty Food Shop
    • Soto Velissa / Employment Agency
    • Monroe Pediatrics / Pediatrician / Medical Clinic
    • Paramanathan Mary J MD / Physician
    • Tzakas Nicholas MD / Pediatrician / Medical Clinic

    Property Details for 162 Purdy Hl Rd

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    4.28 lot acres
    Property size
    6,000 SF
    Zone code
    B1
    Property type
    Showrooms
    APN
    MONR M:014 B:054 L:02
    APU
    MONRM014B054L02

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $775,000
      Market price range: $314k - $1.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2242
    Latitude
    41.304
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, 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
    $31,249
    $342,600
    $489,600
    $832,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,730,000
      18,960 SF

      252 Monroe Tpke

      SHOW ROOM, WAREHOUSE • 18,960 SF
      252 Monroe Tpke, Monroe, CT 06468-2247
      View Details
    • Value Estimation
      $4,675,000
      22,935 SF

      215 Roosevelt Dr

      SHOW ROOM, WAREHOUSE • 22,935 SF
      215 Roosevelt Dr, Monroe, CT 06468-2934
      View Details
    • Value Estimation by Request
      1,064 SF

      16 Roosevelt Dr

      SHOW ROOM, WAREHOUSE • 1,064 SF
      16 Roosevelt Dr, Monroe, CT 06468
      View Details
    • Value Estimation
      $1,170,000
      20,240 SF

      838 Main St

      SHOW ROOM, WAREHOUSE • 20,240 SF
      838 Main St, Monroe, CT 06468-2834
      View Details
    • Value Estimation
      $3,205,000
      54,494 SF

      220 Monroe Tpke

      SHOW ROOM, WAREHOUSE • 54,494 SF
      220 Monroe Tpke, Monroe, CT 06468-2247
      View Details
    • Value Estimation by Request
      551 SF

      67 Cross Hl Rd

      SHOW ROOM, WAREHOUSE • 551 SF
      67 Cross Hl Rd, Monroe, CT 06468
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,560 SF

      NNN Leased Retail Investment Property

      Retail property with NAPA Auto Parts and Webster Bank tenants.
      495 Monroe Tpke, Monroe, CT 06468
      View Details
    • New
      $895,000
      8,832 SF

      Mixed-Use Property in Monroe, CT

      Two-story building with retail space and potential for apartments.
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      Monroe Main Street Mixed-Use Opportunity

      Prime Monroe location, 8,832 sq ft, mixed-use potential.
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      4,166 SF

      Main Street Restaurant and Apartments

      Restaurant with apartments for sale on Main Street.
      171 Main St, Monroe, CT 06468
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    • $4,900,000
      5,300 SF

      Triple-Net Lease Restaurant Portfolio

      High-Income CT Location, 14+ Years Remaining
      143 Purdy Hill Rd, Monroe, CT 06468
      View Details
    • Contact for pricing
      7,500 SF

      Retail Property on Main Street

      Retail property available for sale on Main Street.
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    Similar Nearby for Lease

    • New
      $3,200 /Mo
      1,416 SF

      Monroe Retail Space For Lease

      Retail space with side yard display area in Monroe, CT.
      391 Main St, Monroe, CT 06468
      View Details
    • New
      $10 SF/Yr
      17,394 SF

      Monroe Commercial Flex Space Available

      Flexible commercial building in Monroe, CT, suitable for varied uses.
      1545 Monroe Tpke, Monroe, CT 06468
      View Details
    • $18 SF/Yr
      1,317 SF

      Retail Space in Elm Street Plaza

      End-cap retail unit in a busy plaza available for rent.
      292 Elm St, Monroe, CT 06468
      View Details
    • $2,700 /Mo
      1,100 SF

      Retail Space in Busy Plaza

      Retail space for rent in high-traffic Monroe, Connecticut.
      483 Monroe Tpke, Monroe, CT 06468
      View Details
    • New
      $1,200 /Mo
      1,050 SF

      Retail Space in Monroe, CT

      First floor retail space available for lease in Monroe.
      605 Main St, Monroe, CT 06468
      View Details
    • Contact for pricing
      1,243 SF

      Retail and Office Space Available

      Retail and office spaces in a multi-building shopping center.
      477 Main St, Monroe, CT 06468
      View Details
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    162 Purdy Hl Rd
    Monroe, CT 06468-2115
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    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
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