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93-97 Broad St 4,400 SF 100% Leased Office Building Middletown, CT 06457 $886,867 CAD ($201.56 CAD/SF) 6.60% Cap Rate
Executive Summary
Great building with 5 rental suites. Plenty of parking in large lot and street parking for any overflow. Detached two car garage is currently being rented for extra income. Two meters for gas/electricity.
Financial Summary (Actual - 2022) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$107,390
|
$24.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$107,390
|
$24.41
|
| Taxes |
$19,590
|
$4.45
|
| Operating Expenses |
$29,949
|
$6.81
|
| Total Expenses |
$49,539
|
$11.26
|
| Net Operating Income |
$57,851
|
$13.15
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $107,390 |
| Annual Per SF | $24.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $107,390 |
| Annual Per SF | $24.41 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,590 |
| Annual Per SF | $4.45 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,949 |
| Annual Per SF | $6.81 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,539 |
| Annual Per SF | $11.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $57,851 |
| Annual Per SF | $13.15 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,400 SF
Building Class
C
Year Built/Renovated
1900/2013
Price
$886,867 CAD
Price Per SF
$201.56 CAD
Cap Rate
6.60%
NOI
$58,511 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,200 SF
Building FAR
0.30
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
MX
Amenities
- 24 Hour Access
- Bus Line
- Fireplace
- Basement
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (92)
Property Taxes
| Parcel Number | MTWN-000024-000000-000102 | Total Assessment | $517,291 CAD (2025) |
| Land Assessment | $204,672 CAD (2025) | Annual Taxes | $19,590 CAD ($4.45 CAD/SF) |
| Improvements Assessment | $312,619 CAD (2025) | Tax Year | 2022 |
Property Taxes
Parcel Number
MTWN-000024-000000-000102
Land Assessment
$204,672 CAD (2025)
Improvements Assessment
$312,619 CAD (2025)
Total Assessment
$517,291 CAD (2025)
Annual Taxes
$19,590 CAD ($4.45 CAD/SF)
Tax Year
2022
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93-97 Broad St
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