Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1053 Ella T Grasso Blvd New Haven, CT 06511-5165

    • Residential income homes
    • 1,632 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0925889
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1053 Ella T Grasso Blvd

    Year built
    1982
    Lot size
    0.06 lot acres
    Property size
    1,632 SF
    Zone code
    RM1
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    NHVN M:340 B:0165 L:02000
    APU
    NHVNM340B0165L02000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9528
    Latitude
    41.3074
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,192
    $38,710
    $127,750
    $166,460
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $850,000
      3,867 SF

      750 Orange St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,867 SF
      750 Orange St, New Haven, CT 06511-5509
      View Details
    • Value Estimation by Request
      4,236 SF

      68 Rock St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,236 SF
      68 Rock St, New Haven, CT 06511-2746
      View Details
    • Value Estimation
      $535,000
      3,226 SF

      186 Sheffield Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,226 SF
      186 Sheffield Ave, New Haven, CT 06511-1929
      View Details
    • Value Estimation by Request
      4,095 SF

      73 Lyon St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,095 SF
      73 Lyon St, New Haven, CT 06511-5264
      View Details
    • Value Estimation by Request
      3,652 SF

      151 Willow St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,652 SF
      151 Willow St, New Haven, CT 06511-2642
      View Details
    • Value Estimation
      $585,000
      3,860 SF

      546 Chapel St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,860 SF
      546 Chapel St, New Haven, CT 06511-7403
      View Details

    Similar Nearby for Sale

    • $999,900

      Renovated Six-Family Investment Property

      Completely renovated six-family property with strong rental income.
      77 Hazel St, New Haven, CT 06511
      View Details
    • $659,999

      Storefront with Multifamily Units ForSale

      Storefront with three apartments and included inventories and licenses.
      578 Winchester Ave, New Haven, CT 06511
      View Details
    • New
      $420,000
      5,313 SF

      Mixed-Use Property Near Downtown

      Four-unit mixed-use property near downtown New Haven.
      123 Carmel St, New Haven, CT 06511
      View Details
    • $619,990
      3,374 SF

      New Haven Multifamily Investment Opportunity

      Spacious 8-bedroom multifamily property in New Haven, Connecticut.
      431 Dixwell Ave, New Haven, CT 06511
      View Details
    • $6,995,000
      41,707 SF

      Norton Pointe Apartments: Value-Add Opportunity

      41-Unit Apartment Building, New Haven, CT
      66 Norton St, New Haven, CT 06511
      View Details
    • Contact for pricing
      32,953 SF

      New Haven Redevelopment Opportunity

      Historic building, prime location, high potential
      433 Chapel St, New Haven, CT 06511
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Spacious Apartment Near Science Park

      Well-maintained 3-bedroom apartment near Science Park and universities.
      585 Winchester Ave, New Haven, CT 06511
      View Details
    • $2,150 /Mo

      East Rock Two Bedroom Apartment

      First floor, two-bedroom apartment in the heart of East Rock.
      109 Foster St, New Haven, CT 06511
      View Details
    • $1,800 /Mo

      Renovated Three-Bedroom Apartment

      Spacious, renovated 3-bedroom apartment in New Haven.
      56 Blake St, New Haven, CT 06511
      View Details
    • $3,500 /Mo

      East Rock Renovated Apartment

      Three-bedroom apartment with renovated kitchen and bathroom in East Rock.
      52 Pearl St, New Haven, CT 06511
      View Details
    • $1,850 /Mo

      Two-Bedroom Apartment with Natural Light

      Second-floor apartment featuring two bedrooms and abundant natural light.
      175 Humphrey St, New Haven, CT 06511
      View Details
    • $1,900 /Mo

      East Rock Apartment For Rent

      Bright, comfortable apartment near cafes, parks, and Yale campus.
      765 Orange St, New Haven, CT 06511
      View Details
    Request Owner's contact information
    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.
    1053 Ella T Grasso Blvd
    New Haven, CT 06511-5165
    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
    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

    Google sign-in failed. Please try again or use another login method.