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Property profile & analytics
FOR LEASE
Industrial properties
199 Park Road Ext Middlebury, CT 06762
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US15-0341250
For Lease
1 / 3
$6.25 SF/Yr
199 Park Road Ext, Middlebury, CT 06762
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
30 ac (1,306,800 SF)
Zoning code
L180
APN
MIDD M:4-10 L:140
UPID
US15-0341250
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
-
Garmin - Middlebury (Bike/Boat/Book/etc) Store Corporate Office
-
J & L MEDICAL SERVICES Production Facility
-
International Union of Operating Engineers Advocacy Group
-
VITAS Healthcare Nursing Home
-
Owandy Radiology - I-Max 3D Medical Clinic
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
Midex LLC · 21 yrs held
Midex LLC
since 2005
4 recorded transactions
Zoning & alternative use
L180 · 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
$138,953
Tax year 2023
Assessed value
$4,307,300
Assessed 2023
Previous assessed
$4,307,300
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$1,632,800
Assessed improvement
$2,674,500
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
Similar Nearby for Lease
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Heating
NONE
Cooling
YES
Buildings
4
Units
3
Lot
30 ac (1,306,800 SF)
Zoning code
L180
APN
MIDD M:4-10 L:140
UPID
US15-0341250
Jurisdiction
MIDDLEBURY
Zoning & alternative use
L180 · Middlebury, CT
Zoning L180 · permitted uses
L180 · 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
4
Units
3
Lot
30 ac
Current owner
From public records · entity-resolved
Midex LLC
Entity
Mailing address
805 3RD AVE, NEW YORK, NY 10022-7513
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2008
—
Midex INC
—
Deed Of Trust
related
$6,000,000 · Mahopac National Bank
Jan 20, 2005
$3,674,250
Midex LLC
Middlebury Office Park
Warranty Deed
$4,300,000 · Hudson United Bank
Jul 30, 1999
—
Middlebury Office Pk
—
Deed Of Trust
related
$4,900,000 · Freemont Investment & Loan
Feb 10, 1997
—
Middlebury Office Park
—
Deed Of Trust
related
$635,000 · Timex Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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