500 SARGENT DR
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Location
500 SARGENT DR
Mblu
205/ 1304/ 01801/ /
Acct#
205 1304 01801
Owner
500 LLC
Total Market Value
$11,491,550
Appraisal
$16,416,500
PID
108067
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$15,254,200$1,162,300$16,416,500
Assessment
Valuation YearImprovementsLandTotal
2025$10,677,940$813,610$11,491,550

Owner of Record
Owner500 LLC
Co-Owner
Address21 BRIDGE SQUARE STE 360
WESTPORT, CT 06880
Sale Price$1,200,000
Certificate
Book & Page 9953/0170
Sale Date01/03/2020
Instrument25

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
500 LLC$1,200,000 9953/01702501/03/2020
IKEA PROPERTY INC$19,750,000 6367/0142703/20/2003

Building Information
Building 1 : Section 1
Year Built: 1970
Living Area: 102,510
Replacement Cost: $19,207,914
Building Percent Good: 75
Replacement Cost
Less Depreciation:

$14,405,900
Building Attributes
FieldDescription
Style:Hotel
ModelCommercial
GradeExcellent
Stories:7
Occupancy165.00
Exterior Wall 1Pre-cast Concr
Exterior Wall 2 
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Drywall/Plaste
Interior Wall 2 
Interior Floor 1Ceram Clay Til
Interior Floor 2Carpet
Heating FuelElectric
Heating TypeHeat pump
AC TypeHeat Pump
Bldg UseHOTELS MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
NBHD Code 
1st Floor Use:3400
Heat/ACHEAT/AC PKGS
Frame TypeFIREPRF STEEL
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area
Living
Area
FUSFinished Upper Story 91,800 87,210
BASFirst Floor 15,300 15,300
SLBSlab 15,300 0
   122,400 102,510

Extra Features
Extra Features
CodeDescriptionSizeValueAssessed ValueBldg #
ELV2PASS ELEV7.00 STOPS$162,800$113,9601
SPR2WET/CONCEALED107000.00 S.F.$331,700$232,1901
ELV2PASS ELEV7.00 STOPS$162,800$113,9601

Land
Land Use
Use Code3000
DescriptionHOTELS MDL-94  
ZonePDD 100
NeighborhoodSAR
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)1.80
Frontage1
Depth0
Total Market Land$813,610
Appraised Value$1,162,300

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueAssessed ValueBldg #
PAV1PAVING-ASPHALT  59800.00 S.F.$183,900$128,7301
LT10W/DOUBLE LIGHT  3.00 UNITS$7,100$4,9701
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$15,254,200$1,162,300$16,416,500
2024$15,254,200$1,162,300$16,416,500
2023$15,254,200$1,162,300$16,416,500

Assessment
Valuation YearImprovementsLandTotal
2025$10,677,940$813,610$11,491,550
2024$10,677,940$813,610$11,491,550
2023$10,677,940$813,610$11,491,550

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