Technical
Financial
Distress signals
Property profile

887 Main St Monroe, CT 06468

OFF-MARKET
Showrooms
Property ID
US15-0972704
6,000 SF 1.19 ac lot Built 1979
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7-unit flex space property, situated at 887 Main St, Monroe, CT 06468, presents a compelling investment opportunity. Located on Route 25, the property boasts excellent visibility and accessibility. The building comprises five first-floor office spaces and two ground-level industrial units, all currently occupied. All office units have recently undergone upgrades and are well-maintained by long-term tenants, who are all current on rent. Convenient common restrooms are located in the hallway. The property is in excellent condition, featuring regularly serviced HVAC units and boilers. A prominent monument sign at the entrance clearly lists all tenants. Ample parking is already available, with additional land near the lower level offering potential for expansion. The asking price is $1,900,000. The seller is motivated and prefers a 1031 exchange, but will consider strong offers. This property offers a stable income stream with significant upside potential for a new owner through leasing the available ground-level industrial space. The building's prime location, excellent condition, and strong tenant occupancy make this a truly attractive investment.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1979
Construction FRAME
Total area 6,000 SF
Lot 1.19 ac (51,836 SF)
Zoning code I1
APN MONR M:103 B:011 L:00
UPID US15-0972704

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center Alternative Medicine Practice
  • Crisis Center Medical Clinic
  • Charitable Organization Social Service Agency
  • Tutoring Service
  • Industrial Manufacturer

Location

887 Main St Monroe, CT 06468-2800
Monroe metro Census 100100 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2016
4 recorded transactions
2016
$485,000
2006
$1
2000
Price N/A
1990
$660,000

Zoning & alternative use

I1 · Monroe, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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