Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    132 Grand Ave New Haven, CT 06513

    • Commercial real estate
    • 5,994 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-1227576
    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

    • Commercial real estate

    Property Details for 132 Grand Ave

    Year built
    1915
    Lot size
    0.45 lot acres
    Property size
    5,994 SF
    Zone code
    BA
    Property type
    Commercial real estate
    APN
    NHVN M:163 B:0742 L:02300
    APU
    NHVNM163B0742L02300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8926
    Latitude
    41.3088
    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
    $13,826
    $76,370
    $283,220
    $359,590
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $535,000
      3,088 SF

      382 Fry St

      COMMERCIAL (GENERAL) • 3,088 SF
      382 Fry St, New Haven, CT 06513-3643
      View Details
    • Value Estimation
      $1,515,000
      8,000 SF

      471 Foxon Blvd

      SHOW ROOM, WAREHOUSE • 8,000 SF
      471 Foxon Blvd, New Haven, CT 06513-2328
      View Details
    • Value Estimation
      $740,000
      4,712 SF

      294 Foxon Blvd

      COMMERCIAL (GENERAL) • 4,712 SF
      294 Foxon Blvd, New Haven, CT 06513-2360
      View Details
    • Value Estimation by Request
      3,861 SF

      328 Grand Ave

      SHOW ROOM, WAREHOUSE • 3,861 SF
      328 Grand Ave, New Haven, CT 06513
      View Details
    • Value Estimation
      $3,225,000
      31,060 SF

      184 Grand Ave

      SHOW ROOM, WAREHOUSE • 31,060 SF
      184 Grand Ave, New Haven, CT 06513-3938
      View Details
    • Value Estimation
      $585,000
      5,217 SF

      87 Grand Ave

      COMMERCIAL (GENERAL) • 5,217 SF
      87 Grand Ave, New Haven, CT 06513-3907
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      New Haven Industrial Warehouse Opportunity

      20,000 SF industrial warehouse on 1.6 AC near I-95.
      424 Grand Ave, New Haven, CT 06513
      View Details
    • $850,000

      Commercial Land For Sale

      Commercial land available for sale.
      1096 Quinnipiac Ave, New Haven, CT 06513
      View Details
    • $185,000

      Fair Haven Investor Opportunity

      Fire-damaged two-family property in Fair Haven, New Haven.
      85 Pierpont St, New Haven, CT 06513
      View Details
    • $399,000

      Updated Three-Family in Fair Haven

      Well-maintained, updated three-family in New Haven, ideal for investors.
      175 James St, New Haven, CT 06513
      View Details
    • $344,000

      74 Milton St, New Haven

      Specialty property for sale in New Haven, Connecticut.
      74 Milton St, New Haven, CT 06513
      View Details
    • $600,000

      Renovated Multifamily Home with Income

      Recently renovated multifamily home near Yale, ideal for income.
      295 Rosewood Ave, New Haven, CT 06513
      View Details

    Similar Nearby for Lease

    • $750 /Mo
      536 SF

      Charming Retail/Office Space Available

      Retail or office space with hardwood floors and natural light.
      1 Grand Ave, New Haven, CT 06513
      View Details
    • $1,400 /Mo

      Apartment with Quinnipiac River Views

      One-bedroom apartment with river views, available November 15.
      535 Quinnipiac Ave, New Haven, CT 06513
      View Details
    • $2,000 /Mo

      New Haven 3-Bedroom Rental

      Recently cleaned 3-bedroom, 1-bath rental unit in New Haven.
      65 1St Ave, New Haven, CT 06513
      View Details
    • $2,000 /Mo

      Renovated Three-Bedroom Apartment For Rent

      Recently renovated 3-bedroom apartment with updated kitchen and bathroom.
      88 Flr, New Haven, CT 06513
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Busy Route

      Retail space with excellent frontage and high traffic volume.
      472-480 Foxon Blvd, New Haven, CT 06513
      View Details
    • Contact for pricing

      Retail Space in New Haven

      Highly visible retail end-cap opportunity in New Haven, CT.
      New Haven, CT 06513
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    132 Grand Ave
    New Haven, CT 06513
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.