Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    59 Home Pl Branford, CT 06405

    View on Map
    Sponsored
    For Sale
    Under Contract
    $975,000

    LAND - Branford, CT

    Lot size:
    0.18 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 17 at 6:06 pm

    Property Features for 59 Home Pl

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    R1
    Lot size
    0.18 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Greg G. Robbins
    Greg G. Robbins

    Wareck D'Ostilio Real Estate LLC (203) 787-7800

    Listing agent Greg Robbins (203) 787-7800

    Listing date Mar 14, 2026

    MLS# 24148927

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot and Multi-Family Home

    This offering includes a 0.18-acre flat, level residential building lot with city sewer, water, and natural gas available at the curb, along with an adjacent three-family home. The home features 7 bedrooms, 3 baths, a full basement, and a detached garage, situated on an oversized lot. Located on Home Place, a small cul-de-sac street, the property is within a 5-minute walk to restaurants, the library, the train station, shopping, and historic Downtown Branford Center. I-95 is a short drive away, providing quick access to New Haven, Yale, museums, and universities. This property is suitable for owner-occupants, investors, or builders. The three-family home, built in 1925, has been owner-occupied and retains its original charm and character. The home will be sold unoccupied. The building lot is currently undergoing surveying and planning & zoning approval prior to closing. Branford is a desired location along the Connecticut Shoreline.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Branford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.823621
    Latitude
    41.276844

    Nearby Similar for Sale

    • $799,999
      2,325 SF

      Branford Commercial Building on 1.75 Acres

      Well-maintained, renovated commercial building suitable for medical offices or businesses.
      85 School Ground Rd, Branford, CT 06405
      View Details
    • $325,000
      Pending

      Versatile Commercial Condo with Warehouse

      Updated office/retail condo with warehouse bay and convenient access.
      540 E Main St, Branford, CT 06405
      View Details
    • $869,000
      3,416 SF

      Mixed-Use Property Near Downtown Branford

      Mixed-use property with income potential near downtown Branford.
      53 Montowese St, Branford, CT 06405
      View Details
    • $5,250,000
      67,809 SF

      Spacious Industrial Building in Branford

      67,839 SF industrial building in prime Branford location for sale.
      8-14 Baldwin Dr, Branford, CT 06405
      View Details
    • $869,000
      3,416 SF

      Mixed-Use Property Near Downtown Branford

      Mixed-use property with income potential near downtown Branford.
      53 Montowese St, Branford, CT 06405
      View Details
    • $900,000
      10,520 SF

      Branford Industrial Facility For Sale

      10,520 SF industrial facility ideal for warehouse or distribution.
      4 Indian Neck Ave, Branford, CT 06405
      View Details
    • New
      $1,590,000
      5,335 SF

      Grand Colonial Estate with Income Potential

      Spacious 15-room Colonial with guest house and income potential.
      85 Cherry Hill Rd, Branford, CT 06405
      View Details
    • $595,000

      Professional Office Building Near Green

      Architecturally significant office building one block from Branford Town Green.
      71 Cedar St, Branford, CT 06405
      View Details
    • $325,000
      2,112 SF

      Versatile Condo with Warehouse Bay

      Updated office/retail condo with garage/warehouse bay and mezzanine.
      540 East Main St, Branford, CT 06405
      View Details
    • $4,900,000

      Branford Net-Leased Investment Opportunity

      Fully leased retail property with long-term tenant in Branford, CT.
      469 E Main St, Branford, CT 06405
      View Details
    • $5,250,000

      Industrial Manufacturing Building For Sale

      67,839 SF industrial building in Branford, CT for sale.
      8-14 Baldwin Dr, Branford, CT 06405
      View Details
    • $900,000
      10,520 SF

      Industrial Facility Near Stony Creek

      10,520 SF industrial facility ideal for warehouse or distribution.
      4 Indian Neck Ave, Branford, CT 06405
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare opportunity: residential lot plus three-family home in downtown Branford.
    Where is this residential land & home lot located?
    The property is located at 59 Home Pl Branford, CT.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Rare opportunity: Residential building lot PLUS a three-family home in downtown Branford.; - Prime location: 5-minute walk to restaurants, library, train station, shopping, and historic downtown Branford Center.; - .18 acre flat, level building lot with city sewer, water & natural gas at the curb.
    (203) 464-0125
    Request Owner's contact information
    59 Home Pl Branford, CT 06405
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    59 Home Pl
    Branford, CT 06405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    59 Home Pl Branford, CT 06405
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Greg G. Robbins
    Greg G. Robbins
    Real Estate License ID: RES.0765382
    (203) 464-0125 (203) 787-7800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!