Property profile

501 Pepper St Monroe, CT 06468

OFF-MARKET
Industrial properties
Property ID
US15-0814532
6,000 SF 2.4 ac lot Built 2001
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 501 Pepper Street in Monroe, Connecticut, offers 6,000 square feet of versatile industrial space. The building is currently configured into four separate 1,500-square-foot units, each equipped with high ceilings, a private bathroom, a private office, and a convenient drive-in door. Each unit benefits from individual metering. The property's strategic location on Pepper Street provides excellent accessibility to major transportation arteries. It's less than a minute from Route 25 and just minutes away from CT-111 (Henry Mucci Highway) and other key roadways, ensuring effortless commuting and transportation of goods. Currently, two 1,500-square-foot units are available for lease, presenting a significant opportunity for an owner-occupier seeking to establish a presence in this thriving area. The remaining 3,000 square feet are currently under lease to a single tenant with a lease extending through January 2029, providing immediate and long-term income potential. The property sits on a generous 2.4-acre lot, offering ample space for expansion or outdoor storage. This property is priced at $865,000 and represents a compelling investment opportunity in a highly desirable location.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2001
Construction STEEL FRAME
Total area 6,000 SF
Lot 2.4 ac (104,544 SF)
Zoning code I1
APN MONR M:094 B:007 L:00
UPID US15-0814532

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
  • Metal Fabrication Plant Factory
  • Landscaping General Contractor
  • Construction Company General Contractor

Location

501 Pepper St Monroe, CT 06468-2686
Monroe metro Census 100100 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2025
3 recorded transactions
2025
$625,000
2011
Price N/A
2000
$210,000

Zoning & alternative use

I1 · 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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