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Property profile & analytics
FOR LEASE
Commercial real estate
1625 Straits Tpke, Middlebury, CT 06762
Entity Owned
2-yr Hold
Free & Clear
Property ID
US15-0207671
For Lease
1 / 7
$17 SF/Yr
1625 Straits Tpke, Middlebury, CT 06762
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Property summary
AI-generated overview
This exceptional Class A medical office building, located at 1625 Straits Turnpike in Middlebury, Connecticut, offers multiple suites for lease. The building totals 6,813 square feet across three stories, with a minimum divisible space of 970 square feet and a maximum contiguous space of 3,673 square feet. Currently, the entire 6,813 square feet is available. Each suite boasts 10-foot ceilings. The building is zoned LI200 in New Haven County (zip code 06762). Utilities are included in the rent, encompassing heat, electricity, air conditioning, and all common area charges. Power is supplied by Eversource with 200 amps. This is the largest medical office building in the area, presenting a unique opportunity for medical practices seeking modern, efficient, and conveniently located space. The building's prime location in Middlebury offers easy access to major transportation routes and a thriving community. Contact us today to learn more about leasing options and pricing.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
13.12 ac (571,507 SF)
Zoning code
CA40
APN
MIDD M:4-10 L:138
UPID
US15-0207671
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Generali School of Literature Daycare Center
-
Jennifer Phung Physician
-
Dr. Stanley Foster Physician Medical Clinic
-
Yale Dermatology-Middlebury Physician Medical Clinic
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Domenic's & Vinnie's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1600 Straits Tunrpike LLC · 2 yrs held
1600 Straits Tunrpike LLC
since 2024
Last sale
$375,000
7 recorded transactions
Zoning & alternative use
CA40 · Middlebury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Middlebury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlebury submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$245,934
Tax year 2023
Assessed value
$7,623,500
Assessed 2023
Previous assessed
$7,623,500
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$1,270,100
Assessed improvement
$6,353,400
Applied tax rate
332.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Heating
NONE
Cooling
YES
Buildings
2
Units
12
Lot
13.12 ac (571,507 SF)
Zoning code
CA40
APN
MIDD M:4-10 L:138
UPID
US15-0207671
Jurisdiction
MIDDLEBURY
Zoning & alternative use
CA40 · Middlebury, CT
Zoning CA40 · permitted uses
CA40 · Middlebury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middlebury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
2
Units
12
Lot
13.12 ac
Current owner
From public records · entity-resolved
1600 Straits Tunrpike LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1625 STRAITS TPKE, MIDDLEBURY, CT 06762-1836
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2024
$375,000
1600 Straits Tunrpike LLC
Victor Ramos
Warranty Deed
—
Aug 8, 2022
—
Middlebury Edge LLC
—
Deed
related
$5,375,000 · Thomaston Savings Bank
Sep 24, 2021
—
Middlebury Edge LLC
—
Deed
related
$5,300,000 · Thomaston Savings Bank
Aug 31, 2011
—
Middlebury Edge LLC
—
Deed Of Trust
related
$3,185,000 · Naugatuck Savings Bank
Jan 23, 2009
—
Middlebury Edge LLC
—
Deed Of Trust
related
$320,000 · Naugatuck Savings Bank
Sep 30, 2004
—
Middlebury Edge LLC
—
Deed Of Trust
related
$800,000 · Naugatuck Savings Bank
Dec 11, 2003
—
Middleburry Edge LLC
—
Deed Of Trust
related
$6,650,000 · Naugatuck Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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