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93-97 Broad St 4,400 SF 100% Leased Office Building Middletown, CT 06457 $903,493 CAD ($205.34 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 |
$109,403
|
$24.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$109,403
|
$24.86
|
| Taxes |
$19,957
|
$4.54
|
| Operating Expenses |
$30,510
|
$6.93
|
| Total Expenses |
$50,468
|
$11.47
|
| Net Operating Income |
$58,936
|
$13.39
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $109,403 |
| Annual Per SF | $24.86 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $109,403 |
| Annual Per SF | $24.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,957 |
| Annual Per SF | $4.54 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,510 |
| Annual Per SF | $6.93 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $50,468 |
| Annual Per SF | $11.47 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $58,936 |
| Annual Per SF | $13.39 |
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
$903,493 CAD
Price Per SF
$205.34 CAD
Cap Rate
6.60%
NOI
$59,608 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 | $519,089 CAD (2025) |
| Land Assessment | $205,383 CAD (2025) | Annual Taxes | $19,957 CAD ($4.54 CAD/SF) |
| Improvements Assessment | $313,706 CAD (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
MTWN-000024-000000-000102
Land Assessment
$205,383 CAD (2025)
Improvements Assessment
$313,706 CAD (2025)
Total Assessment
$519,089 CAD (2025)
Annual Taxes
$19,957 CAD ($4.54 CAD/SF)
Tax Year
2022
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93-97 Broad St
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