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657 Orange Center Rd 5,200 SF 100% Leased Office Building Orange, CT 06477 $899,000 ($172.88/SF) 6.99% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime Office Space in the Heart of Orange, CT - Ideal for Professionals!
EXECUTIVE SUMMARY
Prime Office Space in the Heart of Orange, CT - Ideal for Professionals! This exceptional office space offers a highly accessible location near the Merritt Parkway and Route 1. With 23 individual office suites, this property is perfect for businesses looking for a versatile and professional environment. Great opportunity for a doctor's office, law firm, or other professional practice, providing ample space for operations. A dedicated meeting room, expansive second-level suite, and waiting area ensure a welcoming and professional atmosphere for clients and visitors. Additionally, the property offers plenty of parking, including an electric vehicle charging station, making it convenient for employees and guests alike. For businesses requiring additional storage, the basement provides ample space to meet those needs. This prime office location combines accessibility, and practicality, making it an excellent choice for professionals looking to establish or expand their presence in a thriving town.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
5,200 SF
Building Class
C
Year Built
1950
Price
$899,000
Price Per SF
$172.88
Cap Rate
6.99%
NOI
$62,860
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,550 SF
Building FAR
0.32
Lot Size
0.37 AC
Zoning
C-1 - Stores and other buildings and structures where goods are sold or service is rendered primarily at retail.
Parking
30 Spaces (5.88 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | ORAN-000051-000004-000005 | Total Assessment | $521,800 (2025) |
| Land Assessment | $164,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $357,300 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
ORAN-000051-000004-000005
Land Assessment
$164,500 (2025)
Improvements Assessment
$357,300 (2025)
Total Assessment
$521,800 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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657 Orange Center Rd
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