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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Industrial properties
1041 State St New Haven, CT 06511-2719
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0687781
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,167 SF
Lot
0.22 ac (9,396 SF)
Zoning code
IL
APN
NHVN M:182 B:0804 L:01300
UPID
US15-0687781
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
-
Bryan Smallman Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$705k
Owner & transaction history
Realcan 1041 State St LLC · 1 yrs held
Realcan 1041 State St LLC
since 2024
7 recorded transactions
Zoning & alternative use
IL · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+84.5%
Commercial (general)
$1.1M
+79.0%
Office building
$990,000
+57.8%
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 New Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Haven 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$625,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,155,000
Change: +85% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,120,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$990,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$975,000
Change: +55% · Conversion: Moderate
AUTO REPAIR, GARAGE
$830,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$540,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
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
$77 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$18,261
Tax year 2024
Assessed value
$474,320
Assessed 2024
Previous assessed
$474,320
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$152,110
Assessed improvement
$322,210
Applied tax rate
306.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Rooms
1
Total area
9,167 SF
Lot
0.22 ac (9,396 SF)
Zoning code
IL
APN
NHVN M:182 B:0804 L:01300
UPID
US15-0687781
Jurisdiction
NEW HAVEN
Zoning & alternative use
IL · New Haven, CT
Zoning IL · permitted uses
IL · New Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$625,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$990,000
RETAIL STORES
Est. value
$975,000
AUTO REPAIR, GARAGE
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$540,000
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Rooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Realcan 1041 State St LLC
Entity
Mailing address
755 MAIN ST #14, HARTFORD, CT 06103
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
—
Realcan 1041 State St LLC
Lets Grow Hartford LLC
Warranty Deed
$1,500,000 · Nh Apt Partners LLC
Sep 30, 2024
—
Lets Grow Hartford LLC
New Haven Apt Partners Ll
Warranty Deed
$1,500,000 · Nh Apt Partners LLC
Jan 20, 2022
—
New Haven Apartment Partn
Post Road Residential INC
Quit Claim Deed
related
$1,500,000 · Union Savings Bank
Nov 7, 2012
—
Bryan Smallman
—
Deed Of Trust
related
$75,000 · First Niagara Bank
Jul 10, 2009
—
Bryan Smallman
—
Deed Of Trust
related
$75,000 · Newalliance Bank
Dec 27, 2001
—
Bryan Smallman
—
Deed Of Trust
related
$250,000 · Worth Funding INC
Dec 20, 2001
$250,000
Bryan Smallman
Willoughby,william
Warranty Deed
—
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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