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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Warehouses
80 Tpke Dr Middlebury, CT 06762-1830
Entity Owned
6-yr Hold
Free & Clear
Property ID
US15-0712560
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Total area
24,000 SF
Lot
2.31 ac (100,624 SF)
Zoning code
IP
APN
WBRY M:0189 B:0016 L:0006
UPID
US15-0712560
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
-
Quadrastep Orthotics & Prosthetics Service
-
Crystal Rock & Vermont Pure Big Box & Wholesale Store
-
MAXI-PRESS Elastomeric, Inc Factory Industrial Manufacturer
-
BASH Fitness & Nutrition Gym & Fitness Center
-
Nolaro24, LLC Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.21M
Owner & transaction history
80 Turnpike Drive LLC · 6 yrs held
80 Turnpike Drive LLC
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
IP · Middlebury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+38.4%
Retail stores
$1.9M
+37.8%
Commercial (general)
$1.7M
+18.3%
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 Middlebury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlebury 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
$1,245,000
ML approach
$1,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,410,000
Current use
OFFICE BUILDING
$1,955,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$1,945,000
Change: +38% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,670,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.20M (Jul 6 2020)
Last sale anchor
$1.20M
Jul 6 2020
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
$50 / 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
$47,693
Tax year 2023
Assessed value
$880,110
Assessed 2023
Previous assessed
$880,110
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$136,640
Assessed improvement
$743,470
Applied tax rate
312.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Heating
SPACE
Buildings
1
Stories
1
Total area
24,000 SF
Lot
2.31 ac (100,624 SF)
Zoning code
IP
APN
WBRY M:0189 B:0016 L:0006
UPID
US15-0712560
Jurisdiction
WATERBURY
Zoning & alternative use
IP · Middlebury, CT
Zoning IP · permitted uses
IP · Middlebury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middlebury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1972
Heating
SPACE
Stories
1
Buildings
1
Lot
2.31 ac
Current owner
From public records · entity-resolved
80 Turnpike Drive LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3685 MERRICK RD, SEAFORD, NY 11783-2810
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2020
$1,200,000
80 Turnpike Drive LLC
715 Straits Turnpike INC
Warranty Deed
—
Mar 24, 2011
—
715 Straits Turnpike INC
—
Deed Of Trust
related
$965,000 · Newalliance Bank
Oct 1, 2007
—
715 Straits Turnpike INC
—
Deed Of Trust
related
$125,000 · Naugatuck Savings Bank
Aug 31, 2007
$1,125,000
715 Straits Turnpike INC
Ja&dell LLC
Warranty Deed
$722,000 · Naugatuck Savings Bank
Aug 31, 2007
$1
Ja&dell LLC
Anastas,john J
Grant Deed
related
—
May 11, 2007
$1
Esther Dell
J A & Dell LLC
Grant Deed
related
—
Aug 11, 1999
$121,984
Ja & Dell LLC
Anastas,john J
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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