Financial
Distress signals
Property profile

423 Main St Middletown, CT 06457

FOR SALE
Showrooms
Property ID
US15-0743855
31,200 SF 0.2 ac lot Built 1944
Last sale Mar 2026 · $3,025,000
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon
423 Main St, Middletown, CT 06457 For Sale
$4,500,000 31,200 SF
423 Main St, Middletown, CT 06457
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$39k
Tax billed · 2023
Assessed value$1.11M
Assessed land$177k
Assessed improvement$934k
Effective rate3.51%

Value estimate

· Sep 2026
$2.58M
$2.32M – $2.84M
AI approach$2.37M
Submarket $/SF estimate$2.42M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$110/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$77 – $155

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-1
for the B-1 Zone, which shall be as required in accordance with the zoning codes for the underlying Zone, the following bulk requirements...
General categoryCOMMERCIAL
JurisdictionMIDDLETOWN

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store8.8
Catering Service8.6
Pawn Shop8.5

Location

423 Main St Middletown, CT 06457
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
404 Main, Middletown, CT 06457-3366 $580,000 Dec 2025 6,400 SF
484 Main, Middletown, CT 06457-2866 $2,950,000 Feb 2025 26,984 SF
725 Main, Middletown, CT 06457-4280 $668,000 Sep 2024 3,822 SF
170 Main, Middletown, CT 06457-2278 $285,000 Aug 2024 3,224 SF
340 Main, Middletown, CT 06457-4572 $175,000 Mar 2023 7,320 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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