Property profile

284 Racebrook Rd Orange, CT 06477

OFF-MARKET
Commercial real estate
Property ID
US15-1025356
1.77 ac lot
Individually Owned 19-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Consultant
  • Dental Office
  • Dental Office
  • Dental Office
  • Gym & Fitness Center Alternative Medicine Practice

Location

284 Racebrook Rd Orange, CT 06477-3103
Orange metro Census 157100 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2007
Last sale
$1.1M
2 recorded transactions
2007
$1
1969
Price N/A

Zoning & alternative use

C-1 · Orange, CT
Zoning description

Subject to the regulations contained herein, cannabis establishments are permitted in the Commercial C-1 District only and are prohibited in all other districts. No more than one cannabis establishment shall be permitted…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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