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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Office buildings
588 Boston Post Rd Madison, CT 06443-3037
Entity Owned
17-yr Hold
Free & Clear
Property ID
US15-0375803
Property summary
AI-generated overview
This exceptional office space, located at 588 Boston Post Road in Madison, Connecticut, offers a fantastic opportunity for businesses seeking a well-established presence in a vibrant community. The property consists of a two-story, 3,496 square foot building constructed in 1986, situated on a 0.93-acre lot. The building is zoned R-2 and features a traditional office layout, currently available as multiple tenancies. The minimum leasable space is 1,550 square feet, located on the second floor. This location boasts convenient access to Route 1/Boston Post Road, providing excellent visibility and accessibility. Ample parking is available on-site. The property's proximity to beaches and recreational areas adds to its appeal, offering employees a desirable work-life balance. The lease rate is $23 per square foot, modified gross. This presents a compelling opportunity to establish or expand your business in a highly sought-after location. The property's size and layout offer flexibility for various business needs. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
3,496 SF
Lot
0.93 ac (40,511 SF)
Zoning code
R-2
APN
MADI M:38 B:122
UPID
US15-0375803
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
-
Adrienne G. Smaller, PHD Physician Medical Clinic
-
Franklin Group-Psychotherapy Psychotherapist Doctor
-
Law Offices of Charles L. Kurmay Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$770k
Owner & transaction history
Post Road Ventures LLC · 17 yrs held
Post Road Ventures LLC
since 2008
3 recorded transactions
Zoning & alternative use
R-2 · Madison, 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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$220 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$13,086
Tax year 2024
Assessed value
$594,800
Assessed 2024
Previous assessed
$594,800
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$342,900
Assessed improvement
$251,900
Applied tax rate
328.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
3,496 SF
Lot
0.93 ac (40,511 SF)
Zoning code
R-2
APN
MADI M:38 B:122
UPID
US15-0375803
Jurisdiction
MADISON
Zoning & alternative use
R-2 · Madison, CT
Zoning R-2 · permitted uses
R-2 · Madison, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Post Road Ventures LLC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 4143, MADISON, CT 06443-4003
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2008
$900,000
Post Road Ventures LLC
Hpc Meigs Manor LLC
Warranty Deed
—
Jul 3, 2006
$865,000
Hpc Meigs Manor LLC
Mormile,edmund J
Warranty Deed
—
Feb 6, 1998
$260,000
Edmund J Moxmile
Beecher,barbara S
Grant Deed
—
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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