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Property profile & analytics
FOR LEASE
Banks
724 Boston Post Rd Madison, CT 06443
Individually Owned
6-yr Hold
Free & Clear
Property ID
US15-0394682
For Lease
1 / 12
$25 SF/Yr
724 Boston Post Rd, Madison, CT 06443
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Property summary
AI-generated overview
This 2,846-square-foot office space is located on the second floor of a three-story, Class B building constructed in 1969. The building, totaling 15,498 square feet, features one elevator and is handicap accessible. This suite offers a desirable executive or traditional office layout, with abundant natural light from its end-of-building location and surrounding windows. The space is part of a larger building with multiple tenants. The property sits on a 0.48-acre lot in Madison, Connecticut, and is zoned DW. Its convenient downtown location offers easy access to banks, the post office, numerous restaurants, and cafes, including the Madison Coffee House located on the ground floor. A large pedestrian courtyard provides an outdoor amenity. Ample free parking is available in the surrounding area. The lease rate is $23.00 per square foot gross, plus utilities.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,820 SF
Lot
0.48 ac (20,909 SF)
Zoning code
DW
APN
MADI M:38 B:104
UPID
US15-0394682
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
-
Dynama Psychology Physician Medical Clinic
-
Deven Talarczyk, Page Taft - Compass Real Estate Agency
-
Action Law Group Law Firm
-
KeyBank ATM Atm
-
ATM (First Niagara Bank) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$977k
Blend (final)
Blend
$720k
Owner & transaction history
Dani Woods · 6 yrs held
Dani Woods
since 2019
5 recorded transactions
Zoning & alternative use
DW · 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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$38 / 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
$39,635
Tax year 2023
Assessed value
$1,322,500
Assessed 2023
Previous assessed
$1,322,500
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$367,200
Assessed improvement
$955,300
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
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
3
Total area
18,820 SF
Lot
0.48 ac (20,909 SF)
Zoning code
DW
APN
MADI M:38 B:104
UPID
US15-0394682
Jurisdiction
MADISON
Zoning & alternative use
DW · Madison, CT
Zoning DW · permitted uses
DW · 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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
3
Buildings
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Dani Woods
Individual
Free & Clear · 6 yrs held
Mailing address
724 PO BOX 428TH RD, BUFFALO, NY 14231-0428
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2019
$600,000
Dani Woods
William Woods
Warranty Deed
related
—
Mar 31, 1995
$725,000
Haven Sb New
Essex Sb
Grant Deed
—
May 15, 1992
—
Essex Assoc
—
Deed Of Trust
related
$200,000 · Zuckerman Family Nomi
Sep 23, 1988
—
Essex Assoc III
—
Deed Of Trust
related
$1,800,000 · Essex Savings Bank
Aug 10, 1987
$1,700,000
Essex Assoc II
Mazzacane,robert
Grant Deed
$1,100,000 · Zenon Grzybowski
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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