Log In/Sign Up
Your email has been sent.
93-97 Broad St 4,400 SF 75% Leased Office Building Middletown, CT 06457 $886,756 CAD ($201.54 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 |
$107,377
|
$24.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$107,377
|
$24.40
|
| Taxes |
$19,588
|
$4.45
|
| Operating Expenses |
$29,945
|
$6.81
|
| Total Expenses |
$49,533
|
$11.26
|
| Net Operating Income |
$57,844
|
$13.15
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $107,377 |
| Annual Per SF | $24.40 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $107,377 |
| Annual Per SF | $24.40 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,588 |
| Annual Per SF | $4.45 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,945 |
| Annual Per SF | $6.81 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,533 |
| Annual Per SF | $11.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $57,844 |
| 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
$886,756 CAD
Price Per SF
$201.54 CAD
Cap Rate
6.60%
NOI
$58,504 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 | $516,269 CAD (2025) |
| Land Assessment | $204,268 CAD (2025) | Annual Taxes | $19,588 CAD ($4.45 CAD/SF) |
| Improvements Assessment | $312,002 CAD (2025) | Tax Year | 2022 |
Property Taxes
Parcel Number
MTWN-000024-000000-000102
Land Assessment
$204,268 CAD (2025)
Improvements Assessment
$312,002 CAD (2025)
Total Assessment
$516,269 CAD (2025)
Annual Taxes
$19,588 CAD ($4.45 CAD/SF)
Tax Year
2022
1 of 59
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
93-97 Broad St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.