This exceptional 4,902-square-foot single-story office building, situated at 8 Old Indian Trail in Middlefield, Connecticut, presents a unique leasing opportunity. Built in 1980 and renovated in 2000, this Class B property sits on a generous 1.84-acre lot, offering ample parking and private entrances. The building boasts six individual offices, complemented by a substantial open area ideal for workstations, meetings, training sessions, or seminars. A naturally lit common area adds a unique and inviting atmosphere. Potential basement storage is available. The convenient location near Durham and Middletown provides easy access to major routes. Enjoy breathtaking views of rolling hills, including the Powder Ridge Ski Area. The building's proximity to the owner's construction business ensures prompt attention to tenant needs. This property is well-suited for a variety of office uses, particularly engineering firms or construction-related businesses, but is adaptable to many other office needs. The property's single-tenant occupancy ensures privacy and control. The zip code is 06455.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$927,302
6.5%
$855,971
7%
$794,830
Comparable approach
Method
Valuation
Relative Method
$666,115
Geo Method
$666,115
Alternative Use
Use
Valuation
Industrial / Distribution
$1,669,230
Mixed-Use / Specialty
$852,919
Hospitality / Lodging
$625,760
Office
$847,852
Institutional / Educational
$886,692
Residential Income
$1,037,430
Multifamily
$1,244,240
Automotive / Energy
$760,022
Parking / Income-Based Land
$262,274
Restaurant / Food Service
$443,610
Healthcare / Senior Housing
$874,653
Location Insight
City
Middlefield
County
Middlesex
State
Connecticut
Latitude
41.4948
Longitude
-72.6873
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Old Indian Trl Middlefield, CT 06455
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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