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Property profile & analytics
FOR LEASE
Showrooms

447 Monroe Tpke Monroe, CT 06468

13,792 SF 2.33 ac lot Built 1988
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US15-0301590
Property summary
AI-generated overview

This exceptional Monroe, CT retail property, located at 447 Monroe Turnpike (Route 111), offers two available suites totaling 4,013 square feet. The building features a prime corner location providing excellent visibility and accessibility from the busy Monroe Turnpike. Each suite is adaptable to a variety of uses, including retail, medical, or restaurant establishments. Suite sizes are 2,075 square feet and 1,938 square feet, offering flexibility for businesses of varying scales. The property boasts ample parking with 120 on-site spaces, ensuring convenient access for customers and employees. This vibrant shopping center is already home to a diverse mix of established businesses, including Linda’s Story Time, Card Smart, Monroe Cleaners, Subway, and FM One Stop, creating a synergistic environment and attracting a steady flow of foot traffic. The asking rent is $24 per square foot. The property consists of one building with a total of two suites. This is a fantastic opportunity for businesses seeking a high-traffic location with strong visibility and ample parking in a thriving commercial area. Contact us today to learn more about leasing opportunities and secure your space in this desirable location. The property is situated in Monroe, CT, zip code 06468.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1988
Construction STEEL FRAME
Total area 13,792 SF
Lot 2.33 ac (101,495 SF)
Zoning code B1
APN MONR M:030 B:027 L:00
UPID US15-0301590
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
  • Koko FitClub of Monroe Gym & Fitness Center
  • Monroe Cleaners (Bike/Boat/Book/etc) Store
  • Subway Restaurant Take-out & Catering
  • Cardsmart (Bike/Boat/Book/etc) Store
  • Linda'S Story Time (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.56M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.30M
Blend (final) Blend
$4.83M
Owner & transaction history
Dania Prop Inv Co · 4 yrs held
Dania Prop Inv Co
since 2021
Last sale
$4.4M
5 recorded transactions
2021
$4.4M
2014
Price N/A
1996
$1.3M
1988
Price N/A
1988
$700,000
Zoning & alternative use
B1 · Monroe, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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