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93-97 Broad St 4,400 SF 75% Leased Office Building Middletown, CT 06457 $900,480 CAD ($204.65 CAD/SF) 6.70% 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 |
$110,742
|
$25.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$110,742
|
$25.17
|
| Taxes |
$20,202
|
$4.59
|
| Operating Expenses |
$30,884
|
$7.02
|
| Total Expenses |
$51,085
|
$11.61
|
| Net Operating Income |
$59,657
|
$13.56
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $110,742 |
| Annual Per SF | $25.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $110,742 |
| Annual Per SF | $25.17 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,202 |
| Annual Per SF | $4.59 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,884 |
| Annual Per SF | $7.02 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $51,085 |
| Annual Per SF | $11.61 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $59,657 |
| Annual Per SF | $13.56 |
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
$900,480 CAD
Price Per SF
$204.65 CAD
Cap Rate
6.70%
NOI
$60,338 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
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | MTWN-000024-000000-000102 | Total Assessment | $532,451 CAD (2025) |
| Land Assessment | $210,670 CAD (2025) | Annual Taxes | $20,202 CAD ($4.59 CAD/SF) |
| Improvements Assessment | $321,781 CAD (2025) | Tax Year | 2022 |
Property Taxes
Parcel Number
MTWN-000024-000000-000102
Land Assessment
$210,670 CAD (2025)
Improvements Assessment
$321,781 CAD (2025)
Total Assessment
$532,451 CAD (2025)
Annual Taxes
$20,202 CAD ($4.59 CAD/SF)
Tax Year
2022
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93-97 Broad St
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