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Financial
Distress signals
Property profile

516 Washington St 1 Middletown, CT 06457

FOR LEASE
Showrooms
Property ID
US15-0304845
5,115 SF 0.47 ac lot Built 1900
Last sale Dec 2023
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Located at 516 Washington Street, Unit 1, in Middletown, this commercial building has a total area of 5,115 square feet and sits on an approximately 0.47-acre site. Constructed in 1900, it is configured for automotive service use and includes six service bays, five vehicle lifts, an alignment machine, tire and coating equipment, and related automotive support infrastructure. The property fronts Washington Street within a commercial corridor and is situated in the B-2 General Business District,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$13k
Tax billed · 2024
Assessed value$354k
Assessed land$193k
Assessed improvement$161k
Effective rate3.68%

Value estimate

· Oct 2026
$330k
$297k – $363k
AI approach$330k

Realmo valuation models over county records and 27 qualifying comparable sales.

Recently sold

What actually traded nearby?
$110/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$77 – $155
Qualifying comparables27

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-2
§2.14 B-2- General Business Zone. 1. Description. This zone is composed of certain land along the main highways. This zone comprises cert...
General categoryCOMMERCIAL
JurisdictionMIDDLETOWN

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop25.4
Building Supply21.9
Realty agency20.8

Location

516 Washington St, Unit 1 Middletown, CT 06457
County assessor Recorded deeds · 1 transfer 27 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
404 Main, Middletown, CT 06457-3366 $580,000 Dec 2025 6,400 SF
55 Ward, Middletown, CT 06457 $7,250,000 Mar 2025 3,000 SF
725 Main, Middletown, CT 06457-4280 $668,000 Sep 2024 3,822 SF
170 Main, Middletown, CT 06457-2278 $285,000 Aug 2024 3,224 SF
340 Main, Middletown, CT 06457-4572 $175,000 Mar 2023 7,320 SF
2100 Main, Middletown, CT 06457-6137 $560,000 Mar 2023 3,111 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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