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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Showrooms
185 Plns Rd Milford, CT 06461-2473
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0848656
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1987
Construction
STEEL FRAME
Total area
140,283 SF
Lot
16.46 ac (716,998 SF)
Zoning code
DO10
APN
MILF M:52 B:939 L:35-A
UPID
US15-0848656
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
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Plains Rd Development LLC · 5 yrs held
Plains Rd Development LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
DO10 · Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
$1,545,000
ML approach
$1,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $1.50M (Jul 2 2021)
Last sale anchor
$1.50M
Jul 2 2021
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
$11 / 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
$218,719
Tax year 2023
Assessed value
$8,050,000
Assessed 2023
Previous assessed
$8,050,000
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$1,249,200
Assessed improvement
$6,800,800
Applied tax rate
333.0000
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
1987
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
17
Bathrooms
12
Total area
140,283 SF
Lot
16.46 ac (716,998 SF)
Zoning code
DO10
APN
MILF M:52 B:939 L:35-A
UPID
US15-0848656
Jurisdiction
MILFORD
Zoning & alternative use
DO10 · Milford, CT
Zoning DO10 · permitted uses
DO10 · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
17
Bathrooms
12
Lot
16.46 ac
Current owner
From public records · entity-resolved
Plains Rd Development LLC
Entity
Free & Clear · 5 yrs held
Mailing address
185 PLNS RD, MILFORD, CT 06461-2473
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
$1,500,000
Plains Rd Development LLC
Wds Milford Associates LP
Warranty Deed
—
Jan 10, 2014
—
Wp Properties LLC
—
Deed Of Trust
related
$3,500,000 · Connecticut State Of Economic&
Jun 21, 2013
—
Wp Properties LLC
Hub Properties T
Warranty Deed
$3,937,000 · Ffld County Bank Corp
Aug 2, 2005
$170,000
Properties T Hub
Fairhaven Investors LP
Warranty Deed
—
Jan 14, 1999
—
Fairhaven Invstrs LP
—
Deed Of Trust
related
$20,850,000 · Allstate Life Ins Co
Sep 1, 1998
$16,375,000
Fairhaven Inv LP
Wdc Milford Assoc LP
Warranty Deed
$12,710,000 · Zuckerman Family Nomi
Sep 1, 1998
—
Fairhaven Inv LP
—
Deed Of Trust
related
$6,150,000 · Zuckerman Family Nomi
Jul 26, 1996
—
Wdc Milford Assoc LP
—
Deed Of Trust
related
$100,000 · Hubbell INC
Oct 16, 1992
—
Wdc Milford Assoc LP
—
Deed Of Trust
related
$7,000,000 · Hubbell INC
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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