Property profile

500 Monroe Tpke 1 Monroe, CT 06468

FOR LEASE
Showrooms
Property ID
US15-0842485
22,612 SF 1.21 ac lot Built 1973
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

A fully fitted professional office suite located on the 2nd floor within Gaslight Plaza. The suite is accessed via a private rear entrance that leads to an elevator and the unit. Unit 8 has two separate entrances into the office layout: one door opens to a reception/waiting room and front desk area that flows into four additional offices, and the suite also includes a conference room sized for approximately 6–8 people that can alternatively serve as a fifth office. Additional interior areas include a cubicle area, a kitchenette equipped with a refrigerator, dishwasher, microwave, and sink, and storage featuring a closet and clothing closet. The suite and common hallway include three restrooms, with one restroom private to tenants and two available for client use. The building includes pole signage at the front and rear, signage near the rear entrance and within the elevator interior vestibule, and mailboxes located near the rear entrance; rear access is secured with code and key entry. The office suite provides access to surrounding parking from the front, rear, and one side of a highly visible corner location with a 4-way signalized intersection.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1973
Construction STEEL FRAME
Total area 22,612 SF
Lot 1.21 ac (52,708 SF)
Zoning code B2
APN MONR M:039 B:080 L:00
UPID US15-0842485

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon
  • Medical Clinic
  • Physician
  • Alternative Medicine Practice
  • Training Center

Location

500 Monroe Tpke, Unit 1 Monroe, CT 06468
Monroe metro Census 100200 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$1.18M

Owner & transaction history

since 2016
4 recorded transactions
2016
Price N/A
2006
$3.9M
2004
$2.3M
1990
$140,000

Zoning & alternative use

B2 · Monroe, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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
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