Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    41 Cottage Rd Madison, CT 06443-3493
    Back to Search
    Property profile & analytics

    41 Cottage Rd, Madison, CT 06443-3493

    View on Map
    • Office buildings
    • 5,332 SF
    • 1.04 lot acres
    Off-Market
    Property ID
    US15-0580363
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,170,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DiMarco Robert L CPA / Accounting Firm / Tax Preparation

    Property Details for 41 Cottage Rd

    Year built
    2020
    Construction
    FRAME
    Lot size
    1.04 lot acres
    Zone code
    T
    Property type
    Office buildings
    APN
    MADI M:31 B:6
    APU
    MADIM31B6

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 25, 2019 — Hammonasset Apartments — Deed · related $1.6M · Guilford Savings Bank
    Sep 4, 2019 $210,000 Hammonasset Apts LLC Allied Props INC Warranty Deed —
    May 27, 1999 — Allied Prop INC — Deed Of Trust · related $59k · Worth Funding INC
    Mar 29, 1999 — Allied Prop INC — Deed Of Trust · related $144k · First Union National Bank
    Dec 13, 1990 — James L Mason — Deed Of Trust · related $168k · Shoreline Bk & Tr
    Dec 8, 1989 — James L Mason — Deed Of Trust · related $86k · Union Trust Co
    Aug 8, 1988 — James L Mason — Deed Of Trust · related $93k · Omni Bank
    Apr 20, 1987 — James L Mason — Deed Of Trust · related $125k · Zions First National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,033,000
      Market price range: $445k - $1.03M
      AI Estimate
      $1,308,000
      Market price range: $530k - $1.31M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $780,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.5583
    Latitude
    41.2757
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,378
    $138,500
    $775,000
    $913,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,125,000
      6,308 SF

      1321 Boston Post Rd

      OFFICE BUILDING
      1321 Boston Post Rd, Madison, CT 06443-3431
      View Details
    • Value Estimation by Request
      1,639 SF

      69 Wall St

      OFFICE BUILDING
      69 Wall St, Madison, CT 06443-3121
      View Details
    • Value Estimation by Request
      1,549 SF

      94 Bradley Rd

      OFFICE BUILDING
      94 Bradley Rd, Madison, CT 06443-2644
      View Details
    • Value Estimation by Request
      1,980 SF

      1260 Durham Rd

      OFFICE BUILDING
      1260 Durham Rd, Madison, CT 06443-1884
      View Details
    • Value Estimation
      $545,000
      3,025 SF

      121 Samson Rock Dr

      OFFICE BUILDING
      121 Samson Rock Dr, Madison, CT 06443-3034
      View Details
    • Value Estimation by Request
      2,703 SF

      85 Wall St

      OFFICE BUILDING
      85 Wall St, Madison, CT 06443-3121
      View Details

    Similar Nearby for Sale

    • $139,900
      1,000 SF

      Commercial Condo in Prestige Park

      Commercial condo for sale in a prime location.
      168 Boston Post Rd, Madison, CT 06443
      View Details
    • Contact for pricing
      6,100 SF

      Downtown Madison Second Floor Office

      Bright 500 sq ft office space in downtown Madison.
      762 2Nd St, Madison, CT 06443
      View Details
    • New
      $2,500,000
      6,705 SF

      Mixed-Use Commercial Property on Boston Post

      Remodeled mixed-use commercial property on 1.91 acres with high visibility.
      60 Boston Post Rd, Madison, CT 06443
      View Details
    • $164,999
      1,000 SF

      Medical Office Condo For Sale

      Medical office condo in Madison, currently rented until July 2026.
      6 Woodland Rd, Madison, CT 06443
      View Details
    • $139,900

      Commercial Condo in Prestige Park

      Commercial condo with retail or office potential in Prestige Park.
      168 Boston Post Rd, Madison, CT 06443
      View Details
    • $139,900
      1,000 SF

      Commercial Condo in Prestige Park

      Commercial condo in prime location with retail or office potential.
      168 Boston Post Rd, Madison, CT 06443
      View Details

    Similar Nearby for Lease

    • $1,650 /Mo
      1,200 SF

      Madison Office Space For Rent

      Office space in downtown Madison with easy highway access.
      6 Samson Rock Dr, Madison, CT 06443
      View Details
    • Contact for pricing

      Professional Office Space in Madison

      Premier office space for lease in downtown Madison.
      724 Boston Post Rd, Madison, CT 06443
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      Highly visible retail/office space with ample parking and private bathroom.
      29 Boston Post Rd, Madison, CT 06443
      View Details
    • $1,800 /Mo
      1,200 SF

      Downtown Madison Office Space Available

      Office space in downtown Madison with easy access and parking.
      6 Samson Rock Dr, Madison, CT 06443
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    41 Cottage Rd
    Madison, CT 06443-3493
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    41 Cottage Rd, Madison, CT, 06443
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!