17 Elizabeth St Derby, CT 06418
Property profile & analytics
17 Elizabeth St, Derby, CT 06418
- Investment properties
- 23,175 SF
- 0.28 lot acres
Property ID
US15-0208848
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Riverwalk Social / Restaurant
- Archie Moore's Bar & Restaurant / Bar & Pub / Restaurant
- Melissa Perkins / Counselor
- Inner Strength Counseling LLC® / Counselor / Marriage Or Relationship Counselor
- sentinel solutions – advanced marketing / Consultant
Property Details for 17 Elizabeth St
- Year built
- 1926
- Construction
- FRAME
- Lot size
- 0.28 lot acres
- Zone code
- CDD
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- DERB M:8 B:5 L:79
- APU
- DERBM8B5L79
Description
This exceptional commercial property at 17 Elizabeth Street in Derby, CT, presents a compelling investment opportunity. The 23,175 square foot brick building sits on a 0.28-acre lot and offers a blend of retail and office space, currently configured as four ground-level retail units and six second-floor office units. A prominent feature is a well-established, two-level restaurant with a private outdoor patio. Three additional retail storefronts complete the ground floor offerings. Five of the six office units are currently occupied by long-term tenants, providing immediate income potential. The current rental income offers significant upside, with the potential to increase significantly when the currently vacant office suite is leased. The building boasts efficient gas heat, central air conditioning, and a recently installed (four-year-old) EPDM rubber roof, minimizing maintenance concerns. Convenient street parking is available, supplemented by a nearby municipal parking garage. Its prime downtown location offers exceptional visibility and accessibility, situated next to Derby Town Hall and within easy reach of Route 34 and Route 8. The property's current office-over-retail configuration presents the exciting possibility of conversion to a mixed-use residential-over-retail building, further enhancing its investment potential. The asking price is $1,500,000, representing a 7.8% cap rate with potential to reach 9% upon full occupancy at market rents.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $550,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $829,000
Market price range: $775k - $1.94M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Derby
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0888
- Latitude
- 41.32
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,490
$54,600
$398,510
$453,110
-
$0.00
$0.00
$0.00
