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Property profile & analytics
OFF-MARKET
Estimated value
$5,020,000
Showrooms
1 New Hvn Ave Milford, CT 06460-3398
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0121096
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1980
Construction
CONCRETE
Total area
44,331 SF
Lot
0.6 ac (26,136 SF)
Zoning code
MCDD
APN
MILF M:54 B:401 L:1
UPID
US15-0121096
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Harlow Adams & Friedman PC Law Firm
-
OBGYN Physicians Medical Clinic
-
Kate L. Melanson, CNM, WHNP-BC, MSN Midwife Obstetrician-Gynecologist
-
Ronnie L. Dubrowin, CNM Midwife
-
Dr. Kay David Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.71M
Blend (final)
Blend
$5.02M
Owner & transaction history
Milford Harbor LLC · 3 yrs held
Milford Harbor LLC
since 2023
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
MCDD · Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,900,000
ML approach
$4,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,175,000
Current use
RESTAURANT
$6,485,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$5.02M
Range $4.52M – $5.52M · ±10% · vs last sale $5.23M (Jul 10 2023)
Last sale anchor
$5.23M
Jul 10 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$129,983
Tax year 2023
Assessed value
$4,784,080
Assessed 2023
Previous assessed
$4,784,080
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$1,346,620
Assessed improvement
$3,437,460
Applied tax rate
333.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
37
Bathrooms
2
Total area
44,331 SF
Lot
0.6 ac (26,136 SF)
Zoning code
MCDD
APN
MILF M:54 B:401 L:1
UPID
US15-0121096
Jurisdiction
MILFORD
Zoning & alternative use
MCDD · Milford, CT
Zoning MCDD · permitted uses
MCDD · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.2M
RESTAURANT
Est. value
$6.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
37
Bathrooms
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Milford Harbor LLC
Entity
Mailing address
41 CHERRY ST, MILFORD, CT 06460-3540
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2023
—
Milford Harbor LLC
Milford Harbor LLC
Quit Claim Deed
related
$9,500,000 · Td Bank NA
May 22, 2020
—
Milford Harbor LLC
—
Deed
related
$9,750,000 · Liberty Bank
Dec 16, 2010
$1
Milford Harbor LLC
1 New Haven Avenue LLC
Grant Deed
related
—
Oct 8, 2010
—
1 Nhvn Ave Holdings LLC
Harbor Tower Realty Assoc
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Nov 1, 2006
$5,225,000
Harbor Towers Rlty LLC
Bastarache Prop LLC
Warranty Deed
—
Jun 21, 2006
$1
Bastarache Properties LLC
Bastarache,raymonde J
Grant Deed
related
—
Mar 3, 1997
—
Raymond J Bastarache
—
Deed Of Trust
related
$225,000 · Peoples Bank
Dec 15, 1995
—
Raymond J Bastarache
—
Deed Of Trust
related
$906,000 · Peoples Bank
Jul 1, 1988
$4,250,000
Realty Capital Assoc
One New Haven Ave
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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