560 Durham Rd Madison, CT 06443-2060
Property Lookup
Property profile & analytics
560 Durham Rd Madison, CT 06443-2060
- Day care centers
- 3,086 SF
- 1.06 lot acres
Property ID
US15-0064141
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.
Location Intelligence
Current Use by Public Records
- Learning Tree of Madison / Daycare Center
Property Details for 560 Durham Rd
- Year built
- 1962
- Construction
- FRAME
- Lot size
- 1.06 lot acres
- Property size
- 3,086 SF
- Zone code
- RU-1
- Property type
- Day care centers
- APN
- MADI M:89 B:42
- APU
- MADIM89B42
Description
This exceptional investment opportunity presents a fee-simple ownership of a 5,668 square foot daycare center in Madison, Connecticut. The property, built in 1962 and renovated in 2024, sits on a 1.06-acre lot and boasts a new 15.2-year net lease (commencing July 21, 2024 and expiring September 30, 2039) with a corporate guarantee from Busy Bees, a globally recognized childcare provider with over 990 centers worldwide and 119 in the US. The lease includes 10% rent bumps every five years, minimizing landlord responsibilities. The current annual net operating income (NOI) is $80,000, resulting in a 6.75% cap rate and a price per square foot of $209.10. The tenant, BrightPath (a Busy Bees subsidiary), is undertaking approximately $400,000 in tenant improvements. This single-story building is located in a high-income area ($206,000+ average household income within a 1-mile radius, projected to grow 10%+ by 2028) near major retailers like Starbucks and Wells Fargo. The property's strategic location, as an expansion of an existing BrightPath center across the street, ensures high occupancy (currently 100%). The asking price is $1,185,185. Lease options of 3 and 5 years are available. This is a rare opportunity to acquire a low-price-point, high-growth potential property with a strong, financially secure tenant.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,085,000
- ML approach
- $1,085,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.6063
- Latitude
- 41.3171
- 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
2024
$8,727
$119,400
$277,300
$396,700
-
$0.00
$0.00
$0.00
