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93-97 Broad St 4,400 SF 75% Leased Office Building Middletown, CT 06457 $907,348 CAD ($206.22 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 |
$109,870
|
$24.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$109,870
|
$24.97
|
| Taxes |
$20,043
|
$4.56
|
| Operating Expenses |
$30,640
|
$6.96
|
| Total Expenses |
$50,683
|
$11.52
|
| Net Operating Income |
$59,187
|
$13.45
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $109,870 |
| Annual Per SF | $24.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $109,870 |
| Annual Per SF | $24.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,043 |
| Annual Per SF | $4.56 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,640 |
| Annual Per SF | $6.96 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $50,683 |
| Annual Per SF | $11.52 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $59,187 |
| Annual Per SF | $13.45 |
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
$907,348 CAD
Price Per SF
$206.22 CAD
Cap Rate
6.60%
NOI
$59,863 CAD
Percent Leased
75%
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 | $533,624 CAD (2025) |
| Land Assessment | $211,134 CAD (2025) | Annual Taxes | $20,043 CAD ($4.56 CAD/SF) |
| Improvements Assessment | $322,490 CAD (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
MTWN-000024-000000-000102
Land Assessment
$211,134 CAD (2025)
Improvements Assessment
$322,490 CAD (2025)
Total Assessment
$533,624 CAD (2025)
Annual Taxes
$20,043 CAD ($4.56 CAD/SF)
Tax Year
2022
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93-97 Broad St
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