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Property profile & analytics
OFF-MARKET
Estimated value
$5,985,000
Industrial properties
155 Hl St, Milford, CT 06460-3192
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US15-0493184
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1955
Construction
STEEL FRAME
Total area
166,855 SF
Lot
10.95 ac (476,982 SF)
Zoning code
CDD1
APN
MILF M:43 B:329 L:3
UPID
US15-0493184
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
-
Pepperidge Farm, Inc. Bakery Production Facility
-
Hill Street Business Park Business Park
-
Gold Medal Bakery, Inc Corporate Office
-
Oliveira Christopher Physician
-
Sara G. Riedel, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.22M
Blend (final)
Blend
$5.99M
Owner & transaction history
Clarke Ave Prop LLC · 28 yrs held
Clarke Ave Prop LLC
since 1998
7 recorded transactions
Zoning & alternative use
CDD1 · Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,820,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$5.99M
Range $5.39M – $6.58M · ±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
$36 / 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
$224,155
Tax year 2023
Assessed value
$8,250,090
Assessed 2023
Previous assessed
$8,250,090
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$1,690,380
Assessed improvement
$6,559,710
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1955
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
7
Bathrooms
2
Total area
166,855 SF
Lot
10.95 ac (476,982 SF)
Zoning code
CDD1
APN
MILF M:43 B:329 L:3
UPID
US15-0493184
Jurisdiction
MILFORD
Zoning & alternative use
CDD1 · Milford, CT
Zoning CDD1 · permitted uses
CDD1 · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$9.8M
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
1955
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
7
Bathrooms
2
Lot
10.95 ac
Current owner
From public records · entity-resolved
Clarke Ave Prop LLC
Entity
Mailing address
PO BOX 751, DIABLO, CA 94528-0751
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
—
Clarke Avenue Prop LLC
—
Deed
related
$1,932,000 · Fairbridge Credit LLC
Jan 7, 2020
—
Clarke Avenue Properties
—
Deed
related
$4,700,000 · Wells Fargo Bank NA
Jul 31, 2007
—
Clarke Avenue Prop LLC
—
Deed Of Trust
related
$3,500,000 · Zions First National Bank
Mar 29, 2007
—
Clark Ave Properties LLC
—
Deed Of Trust
related
$2,200,000 · 54 LLC
Apr 5, 2000
—
Clarke Ave Prop LLC
—
Deed Of Trust
related
$4,900,000 · Glastonbury Bank & Trust
Jan 23, 1998
$400,000
Clarke Ave Prop LLC
Robertshaw Fulton Cont
Warranty Deed
$3,765,500 · Zions First National Bank
Jan 23, 1998
$3,100,000
Clarke Ave Prop LLC
Robertshaw Fulton Cont
Warranty 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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