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Property profile & analytics
FOR LEASE
Super regional malls
530 Middlebury Rd Middlebury, CT 06762
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0715592
For Lease
1 / 2
$16 SF/Yr
530 Middlebury Rd, Middlebury, CT 06762
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1988
Construction
FRAME
Total area
30,119 SF
Lot
3.4 ac (148,104 SF)
Zoning code
CA40
APN
MIDD M:5-08 L:252
UPID
US15-0715592
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$930k
Owner & transaction history
Village Square Assoc · 23 yrs held
Village Square Assoc
since 2003
2 recorded transactions
Zoning & alternative use
CA40 · Middlebury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Middlebury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlebury submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,290,000
Current use
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$31 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,923
Tax year 2023
Assessed value
$1,857,500
Assessed 2023
Previous assessed
$1,857,500
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$546,000
Assessed improvement
$1,311,500
Applied tax rate
332.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
32
Rooms
2
Total area
30,119 SF
Lot
3.4 ac (148,104 SF)
Zoning code
CA40
APN
MIDD M:5-08 L:252
UPID
US15-0715592
Jurisdiction
MIDDLEBURY
Zoning & alternative use
CA40 · Middlebury, CT
Zoning CA40 · permitted uses
CA40 · Middlebury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middlebury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
32
Rooms
2
Lot
3.4 ac
Current owner
From public records · entity-resolved
Village Square Assoc
Individual
Mailing address
16 JORDAN RD, LYNNFIELD, MA 01940-1259
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2003
—
Village Square Assoc
—
Deed Of Trust
related
$1,250,000 · Naugatuck Savings Bank
Jun 8, 1995
—
Village Sq Assoc
—
Deed Of Trust
related
$1,450,000 · American Bank Of Conneticut
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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