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    Property profile & analytics

    574 Main St Middletown, CT 06457-2824

    • Investment properties
    • 3,000 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Last Sale
    Nov 30, 2022
    $372,500
    Location Intelligence
    Property ID
    US15-0211774
    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.

    Current Use by Public Records

    • Potala Tibetan Restaurant / Restaurant

    Property Details for 574 Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.02 lot acres
    Property size
    3,000 SF
    Zone code
    B-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    MTWN M:22 L:0241
    APU
    MTWNM22L0241

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $410,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $435,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $350,000
      Mixed-Use
      $410,000
      Hospitality
      $355,000
      Educational
      $365,000
      Residential Income
      $445,000
      Energy
      $435,000
      Income-Based Land
      $345,000
      Food Service
      $340,000

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6515
    Latitude
    41.564
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, 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
    $8,210
    $112,700
    $121,210
    $233,910
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $110,000
      0.54 Acres

      730 Ee St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.54 Acres
      730 Ee St, Middletown, CT 06457-1738
      View Details
    • Value Estimation
      $665,000
      7,193 SF

      138 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,193 SF
      138 Washington St, Middletown, CT 06457-2830
      View Details
    • Value Estimation
      $125,000
      3,642 SF

      141 Brg St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,642 SF
      141 Brg St, Middletown, CT 06457-2251
      View Details
    • Value Estimation by Request
      19,959 SF

      489 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 19,959 SF
      489 Main St, Middletown, CT 06457-2847
      View Details
    • Value Estimation
      $340,000
      2,730 SF

      455 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,730 SF
      455 Main St, Middletown, CT 06457-4506
      View Details
    • Value Estimation
      $265,000
      2,352 SF

      131 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,352 SF
      131 Main St, Middletown, CT 06457
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      8,400 SF

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      Custom build-outs available in downtown Middletown's trendy NoRa neighborhood.
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    • Contact for pricing
      2,400 SF

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      Retail space available in a busy community shopping center.
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    • $600 /Mo
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      Modern Office Suite For Rent

      Pristine, secure 850sf office suite in downtown Middletown.
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    • $700 /Mo
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      Downtown Corner Office Space

      Office space for rent in downtown Middletown, CT.
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      View Details
    • $1,195 /Mo

      Charming 1-Bedroom Apartment For Rent

      Second-floor unit with hardwood floors and fresh paint.
      565 E Main St, Middletown, CT 06457
      View Details
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    574 Main St
    Middletown, CT 06457-2824
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    Realmo Value Estimation

    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.

    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.

    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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