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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Showrooms
123 Ct St, New Haven, CT 06511-6926
Individually Owned
37-yr Hold
Free & Clear
Property ID
US15-0479597
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
FRAME
Total area
5,240 SF
Lot
0.04 ac (1,920 SF)
Zoning code
BD
APN
NHVN M:224 B:0258 L:02200
UPID
US15-0479597
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
-
G-Shine Cleaning Service, LLC Commercial Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$813k
Blend (final)
Blend
$715k
Owner & transaction history
Lawrence M Liebman · 37 yrs held
Lawrence M Liebman
since 1989
4 recorded transactions
Zoning & alternative use
BD · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$765,000
+19.4%
Apartment house (5+ units)
$660,000
+3.1%
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
COMMERCIAL (GENERAL)
$640,000
Current use
RESTAURANT
$765,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$660,000
Change: +3% · Conversion: Moderate
OFFICE BUILDING
$565,000
Change: -12% · Conversion: Easy
RETAIL STORES
$555,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$136 / 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
$23,454
Tax year 2023
Assessed value
$596,190
Assessed 2023
Previous assessed
$596,190
+0.0% YoY
Effective rate
3.93%
On assessed value
Assessed land
$269,080
Assessed improvement
$327,110
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
10
Total area
5,240 SF
Lot
0.04 ac (1,920 SF)
Zoning code
BD
APN
NHVN M:224 B:0258 L:02200
UPID
US15-0479597
Jurisdiction
NEW HAVEN
Zoning & alternative use
BD · New Haven, CT
Zoning BD · permitted uses
BD · 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
COMMERCIAL (GENERAL) Current
Est. value
$640,000
RESTAURANT
Est. value
$765,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$660,000
OFFICE BUILDING
Est. value
$565,000
RETAIL STORES
Est. value
$555,000
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
10
Lot
0.04 ac
Current owner
From public records · entity-resolved
Lawrence M Liebman
Individual
Free & Clear · 37 yrs held
Mailing address
297 BLAKE CIR, HAMDEN, CT 06517-3351
Ownership since
1989
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2004
—
368 LLC
—
Deed Of Trust
related
$900,000 · Webster Bank
Mar 23, 2000
—
368 LLC
—
Deed Of Trust
related
$300,000 · Foo-lu Co
Feb 9, 1998
—
Lawrence M Liebman
—
Deed Of Trust
related
$300,000 · Citizens Savings Bank Ct
Apr 6, 1989
$600,000
Lawrence M Liebman
Mcguinness,james J
Grant 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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