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Property profile & analytics
OFF-MARKET
Office Spaces
107 Research Dr Milford, CT 06460-2839
Entity Owned
Free & Clear
Property ID
US15-0947661
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,100 SF
Zoning code
ID
APN
MILF M:91 B:809 L:6-2-B
UPID
US15-0947661
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
-
IT Recovery Specialists, LLC Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
107 Research Drive LLC
107 Research Drive LLC
since 2025
7 recorded transactions
Zoning & alternative use
ID · Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
3.11 - ID Industrial 3.12 - HDD Housatonic Design District 3.13 - WDD Waterfront Design District 3.14 - OS Open Space 3.15 - BEZ Beach Erosion Zone CDD - Corridor Design Development Districts 3.16 - CDD-1 Community Design 3.17 - CDD-2 Devon Center - Naugatuck Avenue 3.18 - CDD-3 Bridgeport Avenue 3.19 - CDD-4 New Haven Avenue 3.20 - CDD-5 Regional Business D…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
357.76 ac
Source
ZONING REGULATIONS
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,747
Tax year 2023
Assessed value
$321,950
Assessed 2023
Previous assessed
$321,950
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed improvement
$321,950
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
6,100 SF
Zoning code
ID
APN
MILF M:91 B:809 L:6-2-B
UPID
US15-0947661
Jurisdiction
MILFORD
Zoning & alternative use
ID · Milford, CTZoning ID · permitted uses
ID · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
3.11 - ID Industrial 3.12 - HDD Housatonic Design District 3.13 - WDD Waterfront Design District 3.14 - OS Open Space 3.15 - BEZ Beach Erosion Zone CDD - Corridor Design Development Districts 3.16 - CDD-1 Community Design 3.17 - CDD-2 Devon Center - Naugatuck Avenue 3.18 - CDD-3 Bridgeport Avenue 3.19 - CDD-4 New Haven Avenue 3.20 - CDD-5 Regional Business Design 3.21 - MCDD Milford Center Design Development District 3.22 - ICD Interchange Commercial District 3.23 - CBDD Cascade Boulevard Design Development 3.24 - OSAHD-MF Open Space Affordable Housing Development - Multi-Family
Zone name
Industrial
General category
INDUSTRIAL
Zone area
357.76 ac
Source
ZONING REGULATIONS
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Current owner
From public records · entity-resolved
107 Research Drive LLC
Entity
Free & Clear · 0 yrs held
Mailing address
463 IRONWOOD TRL, SHELTON, CT 06484-2840
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2025
—
107 Research Drive LLC
Research Realty LLC
Quitclaim Deed
related
—
May 5, 2004
$425,000
Research Realty LLC
Mayer,howard M
Warranty Deed
$319,000 · Hudson United Bank
Jul 2, 1999
—
Howard M Mayer
—
Deed Of Trust
related
$310,000 · First Union National Bank
Nov 24, 1997
$106,250
Jonathan J Mayer
G&l Realty Ptnrs
Warranty Deed
—
Sep 30, 1997
$106,250
Jonathan J Mayer
G&l Realty Ptnrs INC
Warranty Deed
$338,000 · Citizens Savings Bank Ct
Sep 30, 1997
$318,750
Howard M Mayer
G&l Realty Ptnrs INC
Warranty Deed
—
Sep 30, 1997
—
Jonathan J Mayer
—
Deed Of Trust
related
$6,333 · Zenon Grzybowski
Jan 7, 1997
$275,000
G&l Realty Ptnrs INC
105-109 Research Dr
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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