51 Sherman Hl Rd Ste A101 Woodbury, CT 06798-3648
This exceptional investment opportunity presents a three-unit commercial condo located within the prestigious Cornerstone Professional Office Park in Woodbury, CT. The property, totaling 2,176 square feet, boasts a highly visible and easily accessible location within a contemporary complex of four buildings. Each building offers ample open parking, shared restrooms, and convenient elevator access. This specific condo unit features a shared entry corridor, with Unit C offering multiple entry/exit points. The sale includes all three units and cannot be divided. Unit A comprises 552 square feet, including a reception area, two offices, and one bathroom, currently leased for $1025 per month. Unit B offers 841 square feet, featuring a reception area, two offices, a kitchenette, a large storage closet, and one bathroom, currently leased for $1325 per month. Finally, Unit C, at 672 square feet, includes one office, a large open room, one bathroom, and has been recently remodeled, including new windows and a separate back entrance. It is currently leased for $1100 per month. All leases include heat, air conditioning, and water. Leases are subject to a $100 annual rent increase. The property's HOA fees are $868 per month, and Eversource utilities averaged $491 monthly in 2022. The property also benefits from a newer heat pump unit and some newer windows. This is a turnkey investment opportunity with stable, long-term tenants and strong rental income.
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FedEx Drop Box Postal Service Courier Service
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Christopher Spagnoletti Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MQ-A · Woodbury, CTWoodbury. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.