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    724 Boston Post Rd Madison, CT 06443
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    Property profile & analytics

    724 Boston Post Rd, Madison, CT 06443

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    • Banks
    • 18,820 SF
    • 0.48 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Professional Office Space in Madison For Lease
    $25 SF/Yr
    2,500 SF

    Professional Office Space in Madison

    Premier office space for lease in downtown Madison.

    724 Boston Post Rd, Madison, CT 6443
    View Listing
    Property ID
    US15-0394682
    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.
    Value Estimations
    $720,000
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 724 Boston Post Rd

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.48 lot acres
    Zone code
    DW
    Property type
    Banks
    APN
    MADI M:38 B:104
    APU
    MADIM38B104

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $976,000
      Market price range: $977k - $2.48M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.5958
    Latitude
    41.2791
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, 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
    $39,635
    $367,200
    $955,300
    $1,322,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $595,000
      11,408 SF

      752 Boston Post Rd

      FINANCIAL BUILDING
      752 Boston Post Rd, Madison, CT 06443-3035
      View Details
    • Value Estimation by Request
      1,920 SF

      22 Durham Rd

      FINANCIAL BUILDING
      22 Durham Rd, Madison, CT 06443-6605
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    • Value Estimation by Request
      3,820 SF

      250 Samson Rock Dr

      FINANCIAL BUILDING
      250 Samson Rock Dr, Madison, CT 06443-3019
      View Details
    • Value Estimation by Request
      4,240 SF

      634 Boston Post Rd

      FINANCIAL BUILDING
      634 Boston Post Rd, Madison, CT 06443-3045
      View Details
    • Value Estimation
      $535,000
      5,321 SF

      600 Boston Post Rd

      FINANCIAL BUILDING
      600 Boston Post Rd, Madison, CT 06443-3051
      View Details
    • Value Estimation by Request
      3,075 SF

      256 Samson Rock Dr

      FINANCIAL BUILDING
      256 Samson Rock Dr, Madison, CT 06443-3019
      View Details

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      Remodeled Mixed-Use Commercial Property

      Remodeled mixed-use property on Boston Post Road with high visibility.
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      Commercial Condo in Prestige Park

      Commercial condo with retail or office potential in Prestige Park.
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    Similar Nearby for Lease

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      Downtown Retail Space For Lease

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      Versatile Retail/Office Space Available

      Highly visible retail/office space with ample parking and private bathroom.
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    • $20 SF/Yr
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      Medical/Creative Office Suites For Rent

      Renovated medical and creative office suites available for lease.
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    • $1,650 /Mo
      1,200 SF

      Madison Office Space For Rent

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      6 Samson Rock Dr, Madison, CT 06443
      View Details
    View Listing
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    724 Boston Post Rd
    Madison, CT 06443
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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