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    Property profile & analytics
    OFF-MARKET Estimated value $1,100,000
    Commercial real estate

    284 Racebrook Rd, Orange, CT 06477-3103

    1.77 ac lot
    Individually Owned 18-yr Hold Free & Clear
    Property ID
    US15-1025356
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a nearly fully leased, three-building office complex situated on a desirable 1.77-acre lot in Orange, Connecticut's scenic Indian Hill neighborhood. The property boasts a total of 28,024 square feet of leasable space, currently housing Racebrook offices, and offers ample parking for over 60 vehicles. Enjoy serene pond views from the expansive parking area. The strategic location provides excellent accessibility, being just one mile from I-95 and conveniently close to the Merritt Parkway. This prime mixed-use development site benefits from its proximity to major retailers including Home Depot, Walmart, and Costco, ensuring high visibility and convenient access for tenants and employees. The asking price for this exceptional property is $2,200,000. The property's strong tenant base and prime location make it an attractive investment for both passive and active investors seeking a stable and appreciating asset in a thriving market. The three separate buildings offer flexibility and potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a highly sought-after location. The substantial parking capacity and beautiful pond views add to the overall appeal and desirability of this exceptional offering.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.77 ac (77,101 SF)
    Zoning code C-1
    APN ORAN M:32 B:10 L:11
    UPID US15-1025356
    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
    • Driven to Succeed Consulting, LLC Consultant
    • Zhang Dian DDS Dental Office
    • Dr. Shaowei Chen, DDS Dental Office
    • Racebrook Dental Dental Office
    • Third Level Therapy and Wellness Gym & Fitness Center Alternative Medicine Practice
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.10M
    Owner & transaction history
    Malissa Hay · 18 yrs held
    Malissa Hay
    since 2007
    Last sale
    $1.1M
    2 recorded transactions
    2007
    $1
    1969
    Zoning & alternative use
    C-1 · Orange, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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