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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Showrooms
1640 Whitney Ave Hamden, CT 06517-1919
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US15-0911854
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1920
Construction
FRAME
Total area
6,726 SF
Lot
0.62 ac (27,007 SF)
Zoning code
T3.5
APN
HAMD M:2429 B:107 L:00-0000
UPID
US15-0911854
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
-
GuitartownCT Bluegrass Concerts Theater & Performing Art Venue Music Venue
-
Cafe Amici Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.17M
Owner & transaction history
1640 Whitney LLC · 17 yrs held
1640 Whitney LLC
since 2008
5 recorded transactions
Zoning & alternative use
T3.5 · Hamden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
350.1 Specific to zones T2, T3, T3.5, M, TG, NC a. Density on a lot shall be determined by the actual parking provided within the lot as applied to the uses per- mitted in t able 6.1, as well as landscaping, open space, building coverage and pervious surface regulations. 350.2 Specific to zones T4, T5, M, TG, NC a. Maximum density on a parcel shall be determ…
Zone name
General Urban Transect Zone
General category
COMMERCIAL
Zone area
117.79 ac
Source
MergedFile
Top alternative use upside
Restaurant
$985,000
+18.6%
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 Hamden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamden 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%
$1,545,000
6.5%
$1,430,000
7%
$1,325,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$830,000
Current use
RESTAURANT
$985,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: -12% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$725,000
Change: -13% · Conversion: Moderate
RETAIL STORES
$715,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$173 / 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
$36,435
Tax year 2023
Assessed value
$646,240
Assessed 2023
Previous assessed
$646,240
+0.0% YoY
Effective rate
5.64%
On assessed value
Assessed land
$184,100
Assessed improvement
$462,140
Applied tax rate
327.0000
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
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
3
Total area
6,726 SF
Lot
0.62 ac (27,007 SF)
Zoning code
T3.5
APN
HAMD M:2429 B:107 L:00-0000
UPID
US15-0911854
Jurisdiction
HAMDEN
Zoning & alternative use
T3.5 · Hamden, CTZoning T3.5 · permitted uses
T3.5 · Hamden, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
350.1 Specific to zones T2, T3, T3.5, M, TG, NC a. Density on a lot shall be determined by the actual parking provided within the lot as applied to the uses per- mitted in t able 6.1, as well as landscaping, open space, building coverage and pervious surface regulations. 350.2 Specific to zones T4, T5, M, TG, NC a. Maximum density on a parcel shall be determined by the availability of effective parking in conjunction with t able 3.4 as it may apply. Such parking shall be provided: i. Within the lot; ii. Along the parking lane corresponding to the lot frontage, or; iii. By purchase or lease for 25 years from a parking lot within 300 feet; iv. In a public parking garage or lot available within 300 feet of the property line. b. Parking requirements shall be adjusted according to the shared parking factor of t able 3.2 to determine the effective parking.8 c. Based on the effective parking available, the density of the projected use shall be determined according to t able 3.1 and t able 3.2. d. At the discretion of the Commission, the effective parking may be further reduced by up to 30% within a
Zone name
General Urban Transect Zone
General category
COMMERCIAL
Zone area
117.79 ac
Source
MergedFile
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$830,000
RESTAURANT
Est. value
$985,000
OFFICE BUILDING
Est. value
$725,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$725,000
RETAIL STORES
Est. value
$715,000
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
3
Lot
0.62 ac
Current owner
From public records · entity-resolved
1640 Whitney LLC
Entity
Mailing address
1640 WHITNEY AVE, HAMDEN, CT 06517-1919
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2022
—
Amici Corner Deli LLC
—
Deed
related
$400,000 · David Palumbo
Apr 2, 2018
—
1640 Whitney LLC
—
Deed
related
$850,000 · Ion Bank
Jul 2, 2009
—
1640 Whitney LLC
—
Deed Of Trust
related
$1,300,000 · Farmington Savings Bank
Aug 27, 2008
$950,000
1640 Whitney LLC
Park Whitney Equity Gr
Warranty Deed
$750,000 · Td Banknorth Mtg Grp
Jul 27, 1998
—
Park Whitny Equity Gr
—
Deed Of Trust
related
$225,000 · Citizens Savings Bank Ct
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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