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Property profile & analytics

876 Newfield St Middletown, CT 06457-1857

  • Showrooms
  • 3,221 SF
  • 0.33 lot acres
OFF-MARKET
Value Estimation
$495,000
Last Sale
Dec 20, 2024
$499,000
Location Intelligence
Property ID
US15-0987646
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.

Current Use by Public Records

  • Newfield Rest Home Inc / Assisted Living Facility

Property Details for 876 Newfield St

Year built
1900
Construction
FRAME
Lot size
0.33 lot acres
Property size
3,221 SF
Zone code
NPC
Property type
Showrooms
APN
MTWN M:18 L:0024
APU
MTWNM18L0024

Description

This exceptional 1.2-acre commercial land parcel presents a compelling redevelopment opportunity in Middletown, Connecticut. Located at the highly visible intersection of Newfield Street and Mile Lane, this property boasts 145 feet of frontage on Newfield Street, a major thoroughfare. The site's strategic location places it within a vibrant commercial corridor, alongside numerous established national businesses, ensuring high visibility and accessibility. The asking price for this prime real estate is $650,000. The property includes the existing building at 876 Newfield Street, offering approximately 3200 square feet of space, although the condition and suitability of this structure for continued use are not guaranteed and should be independently verified. The zoning is designated as commercial, allowing for a wide range of development possibilities. The seller is motivated, and all offers will be considered. This is an exceptional chance to acquire a significant piece of commercial real estate in a thriving Connecticut market. The property's size and location make it ideal for a variety of commercial ventures, from retail to office space, and its high visibility ensures strong potential for attracting customers and clients. The 06457 zip code offers easy access to major transportation routes and amenities. This is a rare opportunity to capitalize on a prime location in a growing area. Serious inquiries are encouraged.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $500,000
  • CAP approach

    CAP return
    Estimation
    6%
    $535,000
    6.5%
    $475,000
    7%
    $540,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $500,000
    Geo Method
    $525,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $385,000
    Retail
    $395,000
    Mixed-Use
    $385,000
    Hospitality
    $470,000
    Educational
    $505,000
    Residential Income
    $445,000
    Energy
    $405,000
    Income-Based Land
    $405,000
    Food Service
    $525,000

Location Insight

  • Map
  • Local Demand
City
Middletown
County
Middlesex
State
Connecticut
Longitude
-72.6727
Latitude
41.5829
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, 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
$8,161
$118,820
$113,680
$232,500
-
$0.00
$0.00
$0.00
More about this property
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