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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Showrooms
415 Middlebury Rd Middlebury, CT 06762-2537
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US15-0684075
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,028 SF
Lot
1 ac (43,560 SF)
Zoning code
CA40
APN
MIDD M:4-08 L:056
UPID
US15-0684075
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
-
Middlebury Dental Group Dental Office
-
Patrick Fettinger DPM LLC Physician
-
Rack's Hair Co Hair Salon Nail Salon
-
Richard Smith Dental Office
-
Dr Mandava DDS Family Dentistry PC Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$756k
Blend (final)
Blend
$695k
Owner & transaction history
Prop Middlebury · 29 yrs held
Prop Middlebury
since 1997
4 recorded transactions
Zoning & alternative use
CA40 · Middlebury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+110.0%
Apartment house (5+ units)
$695,000
+41.6%
Auto repair, garage
$635,000
+30.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Middlebury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlebury submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$490,000
Current use
RESTAURANT
$1,030,000
Change: +110% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$695,000
Change: +42% · Conversion: Moderate
AUTO REPAIR, GARAGE
$635,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$570,000
Change: +17% · Conversion: Easy
RETAIL STORES
$570,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$99 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,049
Tax year 2023
Assessed value
$528,500
Assessed 2023
Previous assessed
$528,500
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$181,300
Assessed improvement
$347,200
Applied tax rate
332.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Rooms
2
Total area
7,028 SF
Lot
1 ac (43,560 SF)
Zoning code
CA40
APN
MIDD M:4-08 L:056
UPID
US15-0684075
Jurisdiction
MIDDLEBURY
Zoning & alternative use
CA40 · Middlebury, CT
Zoning CA40 · permitted uses
CA40 · Middlebury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middlebury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$490,000
RESTAURANT
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$635,000
OFFICE BUILDING
Est. value
$570,000
RETAIL STORES
Est. value
$570,000
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Rooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Prop Middlebury
Individual
Mailing address
1579 STRAITS TPKE STE 1B, MIDDLEBURY, CT 06762-1835
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2012
—
Middlebury Professional
—
Deed Of Trust
related
$575,000 · Thomaston Savings Bank
Dec 2, 2009
—
Mdby Professio Properties
—
Deed Of Trust
related
$435,000 · Thomaston Savings Bank
Nov 1, 2002
—
Midd Professional Prop
—
Deed Of Trust
related
$1,100,000 · Wachovia Mortgage Co
Mar 17, 1997
$482,676
Prop Middlebury
Daniels,darrell
Warranty Deed
$540,000 · Zenon Grzybowski
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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