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Property profile & analytics
OFF-MARKET Estimated value $16,285,000
Showrooms

213 Ct St Middletown, CT 06457-3346

177,765 SF 1.1 ac lot Built 1989
Individually Owned 13-yr Hold Free & Clear
Property ID
US15-0929035
Property summary
AI-generated overview

The Middlesex Corporate Center presents a prime opportunity for businesses seeking Class A office space in Middletown, Connecticut. This twelve-story building, constructed in 1989, offers a total of 194,674 square feet of sophisticated office space. Currently, there are multiple suites available, ranging from a minimum of 1,802 square feet to a maximum contiguous space of 8,401 square feet. A total of 26,507 square feet is currently vacant. The building features seven elevators for efficient access to all floors. Tenants enjoy convenient access to 1,074 parking spaces, a significant advantage in a bustling downtown location. Beyond the functional aspects, the Middlesex Corporate Center provides a wealth of amenities, including a stunning courtyard, a fully equipped fitness center, a convenient food court, and an on-site restaurant. On-site property management ensures seamless operations. The building's location is ideal, situated near Broad Street and major roadways, offering easy access to the city and a short 45-minute commute to Bradley International Airport. This exceptional property provides a blend of modern functionality and desirable amenities, making it an attractive option for businesses of all sizes. Note that a portion of the available space (22,732 square feet) is available as sublets.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1989
Construction STEEL FRAME
Total area 177,765 SF
Lot 1.1 ac (47,916 SF)
Zoning code B-1
APN MTWN M:22 L:0696
UPID US15-0929035
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
  • Dutch Point Credit Union Bank Loan Service
  • Hard M0ney Lenders Middletown CT Loan Service Bank
  • Reality Interactive (Bike/Boat/Book/etc) Store Corporate Office
  • Tighe & Bond Civil Engineer Engineering Consultant
  • Cahcf Association / Organization Care Services
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$17.40M
Blend (final) Blend
$16.29M
Owner & transaction history
213 Court Street RT · 13 yrs held
213 Court Street RT
since 2012
4 recorded transactions
2020
Price N/A
2012
$1
2006
Price N/A
2003
$260,000
Zoning & alternative use
B-1 · Middletown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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