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    Property profile & analytics

    126 Ford St Ansonia, CT 06401

    • Assisted living facilities
    • 47,187 SF
    • 4.68 lot acres
    For Sale
    View listing
    $3,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0567582
    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

    • Raad Camille N MD / Doctor
    • Lim Lionel S MD / Internist

    Property Details for 126 Ford St

    Year built
    1993
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.68 lot acres
    Property size
    47,187 SF
    Zone code
    A
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    ANSO M:111 B:0009 L:0000
    APU
    ANSOM111B0009L0000

    Description

    This exceptional redevelopment opportunity presents a 47,187 square foot, three-story apartment building situated on a 4.68-acre lot in Ansonia, Connecticut. The property, located at 126 Ford Street, is zoned A (Residential District) and boasts 405 feet of frontage, providing excellent visibility and accessibility. Conveniently located near Route 15/Wilbur Cross Parkway (Exits 57/58), this former 90-bed nursing home offers significant potential for conversion into a multifamily residential complex. The building, constructed in 1993, features 52 units spread across three floors, served by two elevators. While the building structure appears to be in good condition, the interior mechanical systems and roof require retrofitting. The lower level, partially at grade, is currently configured as office space. This property presents a unique chance to capitalize on the strong demand for housing in the area, with ample parking and numerous nearby amenities. The asking price is $3,250,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $735,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,047,000
      Market price range: $793k - $3.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Ansonia
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0424
    Latitude
    41.3367
    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
    $52,659
    $327,880
    $1,678,950
    $2,006,830
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6,206 SF

      20 Westfield Ave

      MEDICAL BUILDING • 6,206 SF
      20 Westfield Ave, Ansonia, CT 06401-1163
      View Details
    • Value Estimation by Request
      9,624 SF

      497 Main St

      MEDICAL BUILDING • 9,624 SF
      497 Main St, Ansonia, CT 06401-2333
      View Details
    • Value Estimation
      $675,000
      10,084 SF

      121 Wakelee Ave

      MEDICAL BUILDING • 10,084 SF
      121 Wakelee Ave, Ansonia, CT 06401-1151
      View Details
    • Value Estimation by Request
      3,912 SF

      400 Main St

      MEDICAL BUILDING • 3,912 SF
      400 Main St, Ansonia, CT 06401-2330
      View Details
    • Value Estimation by Request
      6,381 SF

      111 Wakelee Ave

      MEDICAL BUILDING • 6,381 SF
      111 Wakelee Ave, Ansonia, CT 06401-1151
      View Details
    • Value Estimation
      $680,000
      4,704 SF

      137 Division St

      MEDICAL BUILDING • 4,704 SF
      137 Division St, Ansonia, CT 06401
      View Details

    Similar Nearby for Sale

    • $3,250,000

      Former Nursing Home on 4.68 Acres

      47,187 SF former nursing home with 52 units and 90 beds.
      126 Ford St, Ansonia, CT 06401
      View Details
    • $560,000

      Three-Family House in Historic District

      Three-family house in historic district, ideal for investment or residence.
      21 Elm St, Ansonia, CT 06401
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    • $460,000

      Renovated Multifamily Property with Income

      Turn-key multifamily with modern updates and strong rental potential.
      42 Meadow St, Ansonia, CT 06401
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    • $475,000
      3,100 SF

      Versatile Mixed-Use Building on Main

      3,100 SF mixed-use building suitable for retail or office.
      103 Main St, Ansonia, CT 06401
      View Details
    • New
      $399,000
      1,760 SF

      Ansonia Multi-Family Investment Opportunity

      Well-maintained two-family property in Ansonia with strong rental appeal.
      19 Jackson St, Ansonia, CT 06401
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    • $350,000

      Ansonia Landmark with Development Potential

      Landmark property in Ansonia with development and business opportunities.
      63 Pershing Dr, Ansonia, CT 06401
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    Similar Nearby for Lease

    • $2,500 /Mo
      4,885 SF

      Ansonia Office/Medical Space Available

      Office and medical spaces for lease in Ansonia, Connecticut.
      497 Main St, Ansonia, CT 06401
      View Details
    • $2,200 /Mo

      Ansonia First Floor Apartment Rental

      Spacious 2 bed, 1 bath unit in Ansonia, CT.
      102 S Cliff St, Ansonia, CT 06401
      View Details
    • $2,000 /Mo

      Spacious Apartment with Modern Amenities

      Well-maintained 3-bedroom apartment near Griffin Hospital and major routes.
      34 N Spring St, Ansonia, CT 06401
      View Details
    • Contact for pricing
      59,987 SF

      Retail Space in Ansonia, CT

      Retail space with high visibility and ample parking available for rent.
      100 Division St, Ansonia, CT 06401
      View Details
    • $2,100 /Mo
      1,092 SF

      Spacious Ansonia Apartment For Rent

      Three-bedroom apartment in Ansonia, CT, near shops and transportation.
      91 Westfield Ave, Ansonia, CT 06401
      View Details
    • Contact for pricing
      1,950 SF

      Ansonia Retail Space For Rent

      Grocery-anchored open-air retail center with service-oriented shops.
      100-172 Division St, Ansonia, CT 06401
      View Details
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    126 Ford St
    Ansonia, CT 06401
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    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
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