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Property profile & analytics
OFF-MARKET
Estimated value
$255,000
Investment properties
108 Hl St Milford, CT 06460-3120
Individually Owned
31-yr Hold
Free & Clear
Property ID
US15-0482100
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
0.36 ac (15,682 SF)
Zoning code
CDD1
APN
MILF M:43 B:330 L:3
UPID
US15-0482100
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$255k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$255k
Owner & transaction history
Michael Schoenster · 31 yrs held
Michael Schoenster
since 1994
6 recorded transactions
Zoning & alternative use
CDD1 · Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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 H…
Zone name
Community Design
General category
UNKNOWN
Zone area
238.76 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
Method
Estimation
Statistic approach
by Request
ML approach
$255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$255k
Range $230k – $281k · ±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
—
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
$6,409
Tax year 2023
Assessed value
$235,900
Assessed 2023
Previous assessed
$235,900
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$94,140
Assessed improvement
$141,760
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Units
1
Lot
0.36 ac (15,682 SF)
Zoning code
CDD1
APN
MILF M:43 B:330 L:3
UPID
US15-0482100
Jurisdiction
MILFORD
Zoning & alternative use
CDD1 · Milford, CTZoning CDD1 · permitted uses
CDD1 · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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
Community Design
General category
UNKNOWN
Zone area
238.76 ac
Source
ZONING REGULATIONS
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
2
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Michael Schoenster
Individual
Free & Clear · 31 yrs held
Mailing address
108 HL ST, MILFORD, CT 06460-3120
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Tiffany Teixeira
—
Deed
related
$494,000 · Movement Mortgage
Dec 23, 1994
—
Michael Schoenster
—
Deed Of Trust
related
$110,000 · Milford Bank
Aug 25, 1994
$104,000
Michael Schoenster
Hoff,kevin
Grant Deed
—
Apr 6, 1992
—
Kevin Hoff
—
Deed Of Trust
related
$235,000 · Zwi Kohorn
Apr 20, 1990
—
Kevin Hoff
—
Deed Of Trust
related
$50,000 · Zuckerman Family Nomi
Jan 9, 1989
—
Kevin Hoff
—
Deed Of Trust
related
$100,000 · Ct Savings Bank
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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