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Property profile & analytics
FOR SALE
Motels
60 Boston Post Rd Madison, CT 06443
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-1035651
For Sale
1 / 37
$2,500,000
60 Boston Post Rd, Madison, CT 06443
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Property summary
AI-generated overview
This exceptional investment opportunity presents a newly remodeled mixed-use commercial property ideally located on a 1.91-acre lot along the high-traffic Boston Post Road in Madison, Connecticut. The property boasts 6,705 square feet of space and offers significant road frontage, ensuring high visibility and accessibility for businesses. Currently, the property enjoys 90% occupancy. The building comprises nine one-bedroom motel rooms, a fully equipped one-bedroom apartment with a full kitchen, living/dining room, and 1.5 bathrooms. In addition, there are four office spaces and four retail spaces available. Recent significant improvements include a completely new roof and electrical system, along with extensive remodeling of most rooms. The expansive 1.91-acre lot provides ample room for future expansion, allowing for the potential addition of more lodging units, retail space, or other commercial ventures. This property offers a solid foundation for a diverse range of business opportunities and represents a compelling investment prospect for those seeking a high-return, mixed-use asset in a desirable location. The combination of existing income and expansion potential makes this a truly unique opportunity.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1812
Total area
3,153 SF
Lot
1.91 ac (83,200 SF)
Zoning code
C
APN
MADI M:44 B:53
UPID
US15-1035651
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
-
Compassionate Psychiatric Care Hospital
-
Therapeutic Massage & Wellness Alternative Medicine Practice Spa & Massage Center
-
Crescent Motel Hotel & Motel
-
Vincent Samuolis Counselor
-
Kendrick Norris Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Silver Fox LLC · 3 yrs held
Silver Fox LLC
since 2023
Last sale
$900,000
3 recorded transactions
Zoning & alternative use
C · Madison, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial District
General category
COMMERCIAL
Zone area
130.95 ac
Source
Realmo
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
$895,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$565,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (May 3 2023)
Last sale anchor
$900k
May 3 2023
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
$285 / 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
$16,516
Tax year 2023
Assessed value
$551,100
Assessed 2023
Previous assessed
$551,100
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$217,500
Assessed improvement
$333,600
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
Motels
Use group
MOTEL
Status
For Sale
Year built
1812
Heating
STEAM
Buildings
2
Stories
2
Total area
3,153 SF
Lot
1.91 ac (83,200 SF)
Zoning code
C
APN
MADI M:44 B:53
UPID
US15-1035651
Jurisdiction
MADISON
Zoning & alternative use
C · Madison, CTZoning C · permitted uses
C · Madison, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial District
General category
COMMERCIAL
Zone area
130.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$565,000
OFFICE BUILDING
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
1812
Heating
STEAM
Stories
2
Buildings
2
Lot
1.91 ac
Current owner
From public records · entity-resolved
Silver Fox LLC
Entity
Mailing address
60 BOSTON POST RD, MADISON, CT 06443-2157
Ownership since
2023
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
May 3, 2023
$900,000
Silver Fox LLC
Lobello Louisa Est
Executors Deed
$550,000 · Louisa Lobello
Feb 2, 1998
—
Louisa Lobello
—
Deed Of Trust
related
$100,000 · Gerald D Geise
May 1, 1991
—
Louisa Lobello
—
Deed Of Trust
related
$100,000 · Ne Federal Savings Bank
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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