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Property profile & analytics
OFF-MARKET
Estimated value
$17,945,000
Industrial properties
1175 State St New Haven, CT 06511-2759
Entity Owned
~
Est. High Equity
Property ID
US15-0114847
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1925
Total area
320,771 SF
Lot
5.84 ac (254,390 SF)
Zoning code
IH
APN
NHVN M:171 B:0805 L:00900
UPID
US15-0114847
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
-
Ronin Personal Training Gym & Fitness Center
-
Self-Storage at U-Haul Storage Facility
-
Night Eye Press- Printmaking Workshop Art Studio Print Shop
-
Channel 1 (Bike/Boat/Book/etc) Store Printing Service
-
Paw Haven Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.64M
Blend (final)
Blend
$17.95M
Owner & transaction history
Arec 53 LLC
Arec 53 LLC
since 2025
5 recorded transactions
Zoning & alternative use
IH · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$29.1M
+32.6%
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)
$21,940,000
Current use
AUTO REPAIR, GARAGE
$29,095,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$18,875,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$17.95M
Range $16.15M – $19.74M · ±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
$56 / 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
$379,023
Tax year 2023
Assessed value
$10,188,780
Assessed 2023
Previous assessed
$10,188,780
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$1,294,090
Assessed improvement
$8,894,690
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
1925
Heating
NONE
Buildings
2
Stories
2
Units
40
Total area
320,771 SF
Lot
5.84 ac (254,390 SF)
Zoning code
IH
APN
NHVN M:171 B:0805 L:00900
UPID
US15-0114847
Jurisdiction
NEW HAVEN
Zoning & alternative use
IH · New Haven, CT
Zoning IH · permitted uses
IH · 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
$21.9M
AUTO REPAIR, GARAGE
Est. value
$29.1M
WAREHOUSE, STORAGE
Est. value
$18.9M
INDUSTRIAL (GENERAL) Current
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
1925
Heating
NONE
Stories
2
Buildings
2
Units
40
Lot
5.84 ac
Current owner
From public records · entity-resolved
Arec 53 LLC
Entity
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
—
Arec 53 LLC
Amerco Real Estate Co
Warranty Deed
$151,000,000 · New York Life Insurance Company
Aug 2, 2016
$5,500,000
Amerco Real Estate Co
1175 State LLC
Warranty Deed
—
Sep 24, 2014
—
1175 State LLC
State Assets LLC
Quit Claim Deed
related
$1,750,000 · State Assets LLC
Aug 12, 2003
$1,810,000
State Assets LLC
Davis Street Ptnshp
Warranty Deed
related
—
Mar 31, 1994
—
Davis St. Ptnrshp
—
Deed Of Trust
related
$874,686 · Bank Of Boston Ct
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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