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Property profile & analytics
OFF-MARKET Estimated value $2,050,000
Showrooms

199 Park Rd Ext Ste A Middlebury, CT 06762-1833

50,018 SF Built 1942
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US15-0724471
Property summary
AI-generated overview

This exceptional Middlebury, CT industrial property at 199 Park Road Extension offers a total of 278,000 square feet of flexible space, ideal for a variety of uses. The single-story building, constructed in 1985, sits on a generous 29.87-acre lot and boasts a remarkable 15'3" clear ceiling height. The property is available for multiple tenants, with spaces ranging from a minimum of 20,000 square feet to a maximum contiguous space of 125,000 square feet. This presents a unique opportunity for businesses seeking adaptable warehouse, distribution, or flex space in a prime location. The property's size and layout offer significant potential for customization to meet specific operational needs. Its strategic location in Middlebury, CT, provides easy access to major transportation routes, ensuring efficient logistics and distribution capabilities. The ample lot size also allows for convenient loading, unloading, and ample parking. This is a rare opportunity to secure a substantial and versatile industrial space in a thriving Connecticut market. Contact us today to learn more about leasing options and explore the possibilities this property offers. The property is zoned for industrial use.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1942
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 50,018 SF
APN MIDD M:4-10 L:0 U:140A
UPID US15-0724471
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
$1.72M
Blend (final) Blend
$2.05M
Owner & transaction history
Sunbeam Partners · 13 yrs held
Sunbeam Partners
since 2013
3 recorded transactions
2013
Price N/A
2012
Price N/A
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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