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659 Middlebury Rd, Middlebury, CT 06762
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Property summary
AI-generated overview
The property is a 2.64-acre commercial land parcel that was previously approved for a future office building of approximately 7,500 square feet. The site has access to city water and sewer, supporting planned development for office use. It is situated in the center of Middlebury’s retail zone along Route 64, with reported traffic of approximately 10,000 vehicles per day and convenient access to Interstate 84.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1948
Total area
960 SF
Lot
2.64 ac (114,998 SF)
Zoning code
PO40
APN
MIDD M:5-08 L:045
UPID
US15-1235604
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$265k
Owner & transaction history
since 2005
3 recorded transactions
Zoning & alternative use
PO40 · Middlebury, CT
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$265k
Value range
$239k – $292k
±10% around blend
Estimated value / SF
$276 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$239k
blend $265k
$292k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
960 SF
Lot area
2.64 ac
Year built
1948
Stories
1
APN
MIDD M:5-08 L:045
Zoning
PO40
Assessed value
$298,300
Annual tax
$9,623
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$265k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 156 sales
$70
+296%
County 975 sales
$113
+145%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $276/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$298k
Move the market yield to see immediate price impact.
Value / SF
$311
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$19k
$376k
$268k
$209k
$21k
$418k
$298k
$232k
$23k
$459k
$328k
$255k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,623
Tax year 2023
Assessed value
$298,300
Assessed 2023
Previous assessed
$298,300
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$189,900
Assessed improvement
$108,400
Applied tax rate
332.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1948
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
960 SF
Lot
2.64 ac (114,998 SF)
Zoning code
PO40
APN
MIDD M:5-08 L:045
UPID
US15-1235604
Jurisdiction
MIDDLEBURY
Zoning & alternative use
PO40 · Middlebury, CTZoning PO40 · permitted uses
PO40 · Middlebury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1948
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Rooms
5
Bathrooms
1
Lot
2.64 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PO40
Jurisdiction
Middlebury, CT
Recorded code
PO40
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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