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Property profile & analytics
OFF-MARKET Estimated value $2,925,000
Office buildings

984 Southford Rd Middlebury, CT 06762-3234

32,260 SF 6.91 ac lot Built 1960
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US15-0364556
Property summary
AI-generated overview

This exceptional executive office building, located at 984 Southford Rd in Middlebury, Connecticut (zip code 06762), offers 2,650 square feet of versatile space in a single, well-maintained building. Built in 1988, the property boasts a Class B rating and sits on a generous 8.06-acre lot, providing ample parking with 86 spaces. The building features a 9-foot ceiling height and is conveniently located just half a mile from I-84, ensuring easy access for commuters. The zoning is Gateway Industrial. The interior layout is highly functional, including multiple private offices, a conference room, reception and waiting areas, a kitchenette, and a large bullpen area. Flexible lease options are available, ranging from smaller private office suites (approximately 150 sq ft) to the entire 2,500+ sq ft building. Utilities are included in the lease rate for smaller suites. Larger space lease rates are $14.00 per square foot, plus CAMs. Power is supplied by Eversource. This property presents a unique opportunity for businesses seeking a professional and convenient office space in a desirable location. The entire 2,650 square feet is currently vacant.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 32,260 SF
Lot 6.91 ac (301,000 SF)
Zoning code GI40
APN MIDD M:8-04 L:009
UPID US15-0364556
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
  • Minchella & Associates, LLC Law Firm
  • GEODesign, Inc. Engineering Consultant Civil Engineer
  • Behavioral Health Center For Counseling And Learning Counselor Marriage Or Relationship Counselor
  • Valentin Karate Tribury Training Center Sports School
  • Master Security Systems Inc Security Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.26M
Blend (final) Blend
$2.93M
Owner & transaction history
984 Southford LLC · 4 yrs held
984 Southford LLC
since 2022
Last sale
$3.0M
6 recorded transactions
2022
$3.0M
2017
Price N/A
2016
$85,000
2003
$2.2M
1993
Price N/A
1992
$1.4M
Zoning & alternative use
GI40 · Middlebury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.7M +79.5%
Apartment house (5+ units) $3.2M +21.1%
Auto repair, garage $2.9M +11.4%
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