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    530 Middlebury Rd Middlebury, CT 06762

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    530 Middlebury Rd Middlebury, CT 06762

    View on Map
    • Super regional malls
    • 30,119 SF
    • 3.40 lot acres
    For Lease
    $16 SF/Yr
    View Listing →
    Retail, Office For Lease
    $16 SF/Yr
    1,400 SF

    Retail, Office

    Retail space · 1,400 SF

    530 Middlebury Rd, Middlebury, CT 6762
    View Listing
    Property ID
    US15-0715592
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $930,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Blum Group Lending / Loan Service / Bank
    • Sykes Family Chiropractic / Alternative Medicine Practice
    • Senich Law Firm LLC: Jack Senich / Law Firm
    • James A Mulhall, Jr / Law Firm
    • Candice T Graziano Law Office / Law Firm

    Property Details for 530 Middlebury Rd

    Year built
    1988
    Construction
    FRAME
    Lot size
    3.40 lot acres
    Property size
    30,119 SF
    Zone code
    CA40
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    MIDD M:5-08 L:252
    APU
    MIDDM508L252

    Description

    Village Square, a two-story, 30,000 square foot retail and office complex located at 530 Middlebury Road in Middlebury, Connecticut (zip code 06762), offers exceptional executive office space. Built in 1989, this centrally located property boasts ample parking and is zoned "Com" within New Haven County. Currently, there are two available suites, providing flexible options for businesses seeking a professional environment. One suite offers 1,088 square feet, while the other provides 1,400 contiguous square feet, with a total of 2,488 square feet of vacant space currently available. The minimum divisible space is 1,088 square feet, allowing for adaptability to various business needs. The property's convenient location in the heart of Middlebury makes it an ideal choice for businesses seeking high visibility and easy access for clients and employees. This is a multi-tenant building offering a vibrant and established business community. Interested parties should inquire about lease terms and availability. The property features a commercial subtype and is categorized as retail and office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,155,000
      Market price range: $854k - $1.69M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,290,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Middlebury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.1058
    Latitude
    41.5388
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $59,923
    $546,000
    $1,311,500
    $1,857,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $980,000
      25,052 SF

      489 Middlebury Rd

      REGIONAL SHOPPING CENTER, MALL • 25,052 SF
      489 Middlebury Rd, Middlebury, CT 06762-2567
      View Details
    • Value Estimation by Request
      4,744 SF

      338 Middlebury Rd

      DEPARTMENT STORE • 4,744 SF
      338 Middlebury Rd, Middlebury, CT 06762-2601
      View Details
    • Value Estimation by Request
      1,387 SF

      403 Middlebury Rd

      DEPARTMENT STORE • 1,387 SF
      403 Middlebury Rd, Middlebury, CT 06762-2637
      View Details
    • Value Estimation
      $635,000
      4,464 SF

      1680 Straits Tpke

      GAS STATION • 4,464 SF
      1680 Straits Tpke, Middlebury, CT 06762-1806
      View Details
    • Value Estimation
      $7,545,000
      8,900 SF

      2181 Straits Tpke

      VEHICLE SALES, RENTALS • 8,900 SF
      2181 Straits Tpke, Middlebury, CT 06762
      View Details
    • Value Estimation by Request
      3,933 SF

      2044 Straits Tpke

      AUTO REPAIR, GARAGE • 3,933 SF
      2044 Straits Tpke, Middlebury, CT 06762-1812
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,000 SF

      Approved Building Site Available

      Approved site for a 12,000 SF building.
      1000 Southford Rd, Middlebury, CT 06762
      View Details
    • Contact for pricing

      Middlebury Commercial Property For Sale

      Commercial property available for sale in Middlebury, Connecticut.
      927 Southford Rd, Middlebury, CT 06762
      View Details
    • Contact for pricing
      6,500 SF

      Land Approved for Two-Story Building

      Commercial land approved for a 13,000 SF two-story building.
      1395 West St, Middlebury, CT 06762
      View Details
    • Contact for pricing

      Land For Sale Middlebury

      Land available for sale in Middlebury, Connecticut.
      1140 Southford Rd, Middlebury, CT 06762
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office or Medical Building

      Two-level building suitable for office or medical use.
      472 Middlebury Rd, Middlebury, CT 06762
      View Details
    • $14 SF/Yr
      900 SF

      Flexible Office & Retail Space

      Office and retail spaces available in Middlebury, near I-84.
      750 Straits Tpke, Middlebury, CT 06762
      View Details
    • Contact for pricing
      2,200 SF

      Former Bank with Drive-Thru

      2,200 SF former bank with drive-thru on Rt. 64.
      503 Middlebury Rd, Middlebury, CT 06762
      View Details
    • Contact for pricing

      Middlebury Office Building For Lease

      32,000 SF office building in Middlebury, Connecticut available for lease.
      765 Straits Tpke, Middlebury, CT 06762
      View Details
    • Contact for pricing

      530 Middlebury Rd, Middlebury, CT 06762

      Retail space
      530 Middlebury Rd, Middlebury, CT 06762
      View Details
    • Contact for pricing
      2,151 SF

      Retail Space Available For Lease

      Retail space for lease with net rates.
      590 Middlebury Rd, Middlebury, CT 06762
      View Details
    View Listing
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    Middlebury, CT 06762
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    530 Middlebury Rd, Middlebury, CT, 06762

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