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    Property profile & analytics
    OFF-MARKET Estimated value $565,000
    Manufacturing properties

    167 Commerce St, East Haven, CT 06512-4187

    14,000 SF 1.35 ac lot Built 1985
    Individually Owned 27-yr Hold ~ Est. High Equity
    Property ID
    US15-0906291
    Property summary
    AI-generated overview

    This 14,000-square-foot industrial building in East Haven, CT, offers a versatile single-tenant space ideal for various businesses. Situated on 1.35 acres, the property boasts a 23-foot ceiling height in the high bay area and a 12.5-foot ceiling in the low bay area. The building, constructed in 1985, features durable concrete block I-beam construction and a metal roof. Warehouse amenities include two 8' x 10' loading docks (one with a leveler), a 12' x 14' drive-in door, paddle fans, LED lighting, gas-hung heating units, a 5-ton crane system, miscellaneous racking, exhaust fans, and compressed air lines (compressor not included). The 2,300-square-foot office area provides central air conditioning, two private offices, a conference room, a kitchenette/breakroom, and two restrooms. Ample parking is available with 20 spaces. Zoned for light industrial use (LI-2 District), this property is strategically located near I-95 (Exit 51), Tweed New Haven Airport, the New Haven Train Station, and I-91, offering excellent access to major transportation routes. The lease rate is $10 per square foot gross, plus utilities and ground maintenance. This property presents a compelling opportunity for businesses seeking efficient and well-located industrial space in a thriving Connecticut market. The building is currently vacant.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1985
    Construction STEEL FRAME
    Total area 14,000 SF
    Lot 1.35 ac (58,806 SF)
    Zoning code LI-2
    APN EHAV M:090 B:0812 L:004
    UPID US15-0906291
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $756k
    Blend (final) Blend
    $565k
    Owner & transaction history
    Inv Damato · 27 yrs held
    Inv Damato
    since 1998
    3 recorded transactions
    1998
    $588,141
    1995
    $200,000
    1987
    $580,000
    Zoning & alternative use
    LI-2 · East Haven, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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