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    170 Main St Middletown, CT 06457
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    170 Main St Middletown, CT 06457

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    • Showrooms
    • 3,224 SF
    • 0.27 lot acres
    For Lease
    View Listing →
    170 Main St, Middletown, CT For Lease
    Contact for pricing

    170 Main St, Middletown, CT

    Retail space available for rent in Middletown, CT.

    170 Main St, Middletown, CT 06457
    View Listing
    Property ID
    US15-0324960
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Truck Repair Diesel Engines / Auto Repair Shop
    • Tandoor Indian Cuisine / Restaurant
    • Pho 170 / Restaurant
    • US Naval Recruiting / Military Recruiting Office
    • T-Swirl Crepe / Restaurant

    Property Details for 170 Main St

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.27 lot acres
    Property size
    3,224 SF
    Zone code
    IRA
    Property type
    Showrooms
    APN
    MTWN M:20 L:0109
    APU
    MTWNM20L0109

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6575
    Latitude
    41.5708
    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
    $7,056
    $70,640
    $130,380
    $201,020
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,895,000
      12,822 SF

      413 Main St

      SHOW ROOM, WAREHOUSE • 12,822 SF
      413 Main St, Middletown, CT 06457-3309
      View Details
    • Value Estimation
      $585,000
      5,256 SF

      106 Ct St

      SHOW ROOM, WAREHOUSE • 5,256 SF
      106 Ct St, Middletown, CT 06457-3333
      View Details
    • Value Estimation by Request
      1,026 SF

      159 Main St

      SHOW ROOM, WAREHOUSE • 1,026 SF
      159 Main St, Middletown, CT 06457
      View Details
    • Value Estimation by Request
      3,544 SF

      57 Main St

      SHOW ROOM, WAREHOUSE • 3,544 SF
      57 Main St, Middletown, CT 06457-3606
      View Details
    • Value Estimation
      $775,000
      5,661 SF

      308 Main St

      SHOW ROOM, WAREHOUSE • 5,661 SF
      308 Main St, Middletown, CT 06457-3310
      View Details
    • Value Estimation
      $590,000
      6,672 SF

      210 Main St

      SHOW ROOM, WAREHOUSE • 6,672 SF
      210 Main St, Middletown, CT 06457-3764
      View Details

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      Middletown Mixed-Use Investment Opportunity

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    • $1,450,000
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      Mixed-Use Building in Middletown

      Ten-unit mixed-use property with commercial and residential spaces.
      480 Main Street Ext, Middletown, CT 06457
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    • $975,000

      Restored Mixed-Use Landmark Building

      Versatile investment opportunity in Middletown's vibrant Main Street.
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    Similar Nearby for Lease

    • $16 SF/Yr
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      Prime Retail Space in Middletown

      Custom build-outs available in downtown Middletown's trendy NoRa neighborhood.
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      2,400 SF

      Community Shopping Center Retail Space

      Retail space available in a busy community shopping center.
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      4,500 SF

      Retail Space on Main Street

      Retail space with high exposure to residents, commuters, and students.
      386 E Main St, Middletown, CT 06457
      View Details
    • Contact for pricing
      40,000 SF

      Prime Retail Anchor Box

      Retail space with high exposure to residents, commuters, students.
      416 E Main St, Middletown, CT 06457
      View Details
    • Contact for pricing
      2,264 SF

      Retail Space Near Stop & Shop

      2,264± SF retail space with easy highway access.
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      View Details
    View Listing
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    170 Main St
    Middletown, CT 06457
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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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