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    Property profile & analytics

    450 Monroe Tpke Monroe, CT 06468-2343

    • Showrooms
    • 17,595 SF
    • 1.22 lot acres
    OFF-MARKET
    Value Estimation
    $1,990,000
    Last Sale
    Oct 18, 2022
    $1,805,556
    Location Intelligence
    Property ID
    US15-0936978
    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.

    Current Use by Public Records

    • PixboothFUN / Store
    • jmls consulting services, llc / Construction Company
    • Angelovic Insurance Group LLC / Insurance Agency / Auto Insurance Agency
    • Swept Away Spa / Spa / Skin Care Clinic
    • Monroe Nail Salon / Nail Salon

    Property Details for 450 Monroe Tpke

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    1.22 lot acres
    Property size
    17,595 SF
    Zone code
    B1
    Property type
    Showrooms
    APN
    MONR M:030 B:006 L:00
    APU
    MONRM030B006L00

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,195,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,640,000
      6.5%
      $1,825,000
      7%
      $1,765,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,860,000
      Geo Method
      $1,685,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,720,000
      Retail
      $1,590,000
      Mixed-Use
      $2,075,000
      Hospitality
      $1,585,000
      Educational
      $1,975,000
      Residential Income
      $1,810,000
      Energy
      $1,720,000
      Income-Based Land
      $1,515,000
      Food Service
      $1,925,000

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2186
    Latitude
    41.3135
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, 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
    $44,343
    $533,800
    $647,100
    $1,180,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      14,132 SF

      721 Main St

      SHOW ROOM, WAREHOUSE • 14,132 SF
      721 Main St, Monroe, CT 06468-2810
      View Details
    • Value Estimation by Request
      24,688 SF

      380 Monroe Tpke

      SHOW ROOM, WAREHOUSE • 24,688 SF
      380 Monroe Tpke, Monroe, CT 06468-2279
      View Details
    • Value Estimation
      $1,915,000
      3,315 SF

      145 Main St

      SHOW ROOM, WAREHOUSE • 3,315 SF
      145 Main St, Monroe, CT 06468
      View Details
    • Value Estimation by Request
      22,612 SF

      500 Monroe Tpke

      SHOW ROOM, WAREHOUSE • 22,612 SF
      500 Monroe Tpke, Monroe, CT 06468-2354
      View Details
    • Value Estimation by Request
      7,567 SF

      315 Monroe Tpke

      SHOW ROOM, WAREHOUSE • 7,567 SF
      315 Monroe Tpke, Monroe, CT 06468-2201
      View Details
    • Value Estimation by Request
      2,981 SF

      390 Monroe Tpke

      SHOW ROOM, WAREHOUSE • 2,981 SF
      390 Monroe Tpke, Monroe, CT 06468-2245
      View Details

    Similar Nearby for Sale

    • $2,366,000
      10,560 SF

      NNN Leased Retail Investment Property

      Retail property with NAPA Auto Parts and Webster Bank tenants.
      495 Monroe Tpke, Monroe, CT 06468
      View Details
    • $900,000
      1.96 Acres

      Prime Monroe Commercial Land

      1.96 Acres, High Visibility, $900,000
      528 Monroe Tpke, Monroe, CT 06468
      View Details
    • $895,000
      8,832 SF

      Mixed-Use Property in Monroe, CT

      Two-story building with retail space and potential for apartments.
      605 Main St, Monroe, CT 06468
      View Details
    • $4,900,000
      5,300 SF

      Triple-Net Lease Restaurant Portfolio

      High-Income CT Location, 14+ Years Remaining
      143 Purdy Hill Rd, Monroe, CT 06468
      View Details
    • Contact for pricing
      4,166 SF

      Main Street Restaurant and Apartments

      Restaurant with apartments for sale on Main Street.
      171 Main St, Monroe, CT 06468
      View Details
    • $2,734,800
      7,500 SF

      Retail Property on Main Street

      Retail property available for sale on Main Street.
      656 Main St, Monroe, CT 06468
      View Details

    Similar Nearby for Lease

    • $3,200 /Mo
      1,416 SF

      Monroe Retail Space For Lease

      Retail space with side yard display area in Monroe, CT.
      391 Main St, Monroe, CT 06468
      View Details
    • Contact for pricing
      1,243 SF

      Retail and Office Space Available

      Retail and office spaces in a multi-building shopping center.
      477 Main St, Monroe, CT 06468
      View Details
    • $1,000 /Mo
      650 SF

      Retail Space in Active Center

      Prime retail space available for lease in active Stepney center.
      446 Main St, Monroe, CT 06468
      View Details
    • $2,700 /Mo
      1,100 SF

      Retail Space in Busy Plaza

      Retail space for rent in high-traffic Monroe, Connecticut.
      483 Monroe Tpke, Monroe, CT 06468
      View Details
    • $18 SF/Yr
      1,317 SF

      Retail Space in Elm Street Plaza

      End-cap retail unit in a busy plaza available for rent.
      292 Elm St, Monroe, CT 06468
      View Details
    • $1,200 /Mo
      1,050 SF

      Retail Space in Monroe, CT

      First floor retail space available for lease in Monroe.
      605 Main St, Monroe, CT 06468
      View Details
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    450 Monroe Tpke
    Monroe, CT 06468-2343
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    Realmo Value Estimation

    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.

    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.

    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
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