Property profile

17-21 Elizabeth St Derby, CT 06418

FOR LEASE
Other investment properties
Property ID
US15-0208848
23,175 SF 0.28 ac lot Built 1926
Entity Owned 23-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property at 17 Elizabeth Street in Derby, Connecticut is a mixed-use building containing approximately 23,175 square feet of gross area and about 13,500 square feet of usable space. It has four street-level retail storefronts and a second-floor area configured for office use. A former restaurant space of approximately 5,500 square feet is included and features substantial interior fit-out consistent with prior restaurant use. The building is located adjacent to Derby Town Hall, with convenient access to Route 34 and Route 8, and is positioned within a downtown area that includes public infrastructure and streetscape improvements along with newer residential development nearby. The building is suited for uses that align with its existing mix of retail frontage, office space, and large-form interior areas, including adaptive reuse or potential conversion to other multi-unit residential or continued commercial uses depending on applicable zoning and approvals.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1926
Construction FRAME
Total area 23,175 SF
Lot 0.28 ac (12,197 SF)
Zoning code CDD
APN DERB M:8 B:5 L:79
UPID US15-0208848

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
  • Restaurant
  • Bar & Pub Restaurant
  • Counselor
  • Counselor Marriage Or Relationship Counselor
  • Consultant

Location

17-21 Elizabeth St Derby, CT 06418
Derby metro Census 120200 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$830k
Blend (final) Blend
$550k

Owner & transaction history

since 2003
7 recorded transactions
2017
Price N/A
2003
$282,000
1999
$200,000
1997
Price N/A
1991
Price N/A
1991
$62,000
1988
Price N/A

Zoning & alternative use

CDD · Derby, CT
Zoning description

(“CDD Zone”) north of Main Street and the Mill Design District (MDD), consistent with the goals and objectives of the Derby Plan of Conservation and Development (“POCD”). The C-PDD Zone will provide for modifications to…

General category COMMERCIAL

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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