Property profile

161 Johnson Ave Cheshire, CT 06410

OFF-MARKET
Manufacturing properties
Property ID
US15-0967551
8,760 SF 7.7 ac lot Built 1964
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,760 SF
Lot 7.7 ac (335,412 SF)
Zoning code I-2
APN CHES M:11 B:28 L:
UPID US15-0967551

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer

Location

161 Johnson Ave Cheshire, CT 06410-1209
Cheshire metro Census 343101 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$800k
CAP Approach CAP
by Request
Comparable Approach Comparable
$590k
Blend (final) Blend
$820k

Owner & transaction history

since 2023
Last sale
$825,000
2 recorded transactions
2023
$825,000
2005
Price N/A

Zoning & alternative use

I-2 · Cheshire, CT
Zoning description

General Industrial I-2 5.3 PERMITTED AND SPECIALLY PERMITTED USES KEY: Y- PERMITTED AS OF RIGHT; Z- PERMITTED VIA APPROVAL OF ADMINSTRATIVE ZONING PERMIT S- PERMITTED VIA APPROVAL OF SITE PLAN; P- PERMITTED VIA APPROVAL…

General category INDUSTRIAL
Top alternative use upside
Restaurant $1.3M +106.8%
Commercial (general) $985,000 +59.3%
Office building $975,000 +57.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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