Technical
Financial
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Property profile

500 Purdy Hl Rd 11 Monroe, CT 06468

OFF-MARKET
Other office properties
Property ID
US15-0213680
710 SF Built 1987
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This professionally finished end unit office condominium features an open-plan interior suitable for collaborative workspace layouts or cubicle-based office use. The unit includes multiple windows on the front, side, and rear that provide natural light. Interior finishes include light gray wall paint with white trim. The property provides access to a basement storage area that can be leased separately, consisting of approximately 500 square feet. The office condo is located in Monroe, Connecticut with convenient access to Routes 111 and 25, approximately 2 miles from their intersection, and is situated near shopping, restaurants, a park, and nearby highway access. The space is governed by B1 zoning under Town of Monroe regulations, supporting a range of office and professional uses including attorney, real estate, CPA, interior designer, engineering, financial services, medical and dental uses, therapy, and general and professional offices; B1 zoning also references certain restaurant uses and a bank or credit union, along with Town offices and facilities.

Property profile

Verified
Property type Other office properties
Use group CONDOMINIUM OFFICES
Year built 1987
Construction FRAME
Total area 710 SF
Zoning code B1
APN MONR M:019 B:017 L:11
UPID US15-0213680

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
  • Alternative Medicine Practice
  • Law Firm
  • Structural Engineer
  • Dental Office
  • Dental Office

Location

500 Purdy Hl Rd, Unit 11 Monroe, CT 06468-1661
Monroe metro Census 100100 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2011
Last sale
$300,000
3 recorded transactions
2011
$1
1989
$150,000
1987
Price N/A

Zoning & alternative use

B1 · 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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