Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    197 Riv St New Haven, CT 06513-4241
    Back to Search
    Property profile & analytics

    197 Riv St, New Haven, CT 06513-4241

    View on Map
    • Industrial properties
    • 32,406 SF
    • 0.28 lot acres
    Off-Market
    Last Sale Aug 13, 2024
    $2,660,000
    Property ID
    US15-0284472
    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.
    Value Estimations
    $2,660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 197 Riv St

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    0.28 lot acres
    Zone code
    IH
    Property type
    Industrial properties
    APN
    NHVN M:175 B:0703 L:01100
    APU
    NHVNM175B0703L01100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 13, 2024 $2,660,000 Ms 185 Nh LLC 25 James LLC Warranty Deed $1.6M · Union Savings Bank
    Nov 2, 2023 — 25 James LLC — Deed · related $594k · Sachem Capital Corp
    Jan 5, 2023 — 25 James LLC — Deed · related $2.9M · Sachem Capital Corp
    May 31, 2012 — Platt Brothers Rlty-2 LLC — Deed Of Trust · related $2.1M · First Niagara Bank
    Jan 15, 2009 — Platt Brothers Rlty 2 LLC — Deed Of Trust · related $480k · Peoples Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,660,000
      ML approach
      $2,660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,275,000
      Market price range: $1.64M - $2.99M
      AI Estimate
      $1,677,000
      Market price range: $660k - $2.67M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,215,000
      Current use
      COMMERCIAL (GENERAL)
      $3,655,000
      Change: +65% Conversion: Difficult
      OFFICE BUILDING
      $3,500,000
      Change: +58% Conversion: Difficult
      RETAIL STORES
      $3,445,000
      Change: +55% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $3,395,000
      Change: +53% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,940,000
      Change: +33% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,905,000
      Change: -14% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9012
    Latitude
    41.3032
    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
    2024
    $53,752
    $54,600
    $1,341,550
    $1,396,150
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,960,000
      37,559 SF

      458 Grand Ave

      INDUSTRIAL (GENERAL)
      458 Grand Ave, New Haven, CT 06513-3856
      View Details
    • Value Estimation by Request
      6,143 SF

      190 Riv St

      INDUSTRIAL (GENERAL)
      190 Riv St, New Haven, CT 06513-4240
      View Details
    • Value Estimation
      $865,000
      9,600 SF

      499 Grand Ave

      INDUSTRIAL (GENERAL)
      499 Grand Ave, New Haven, CT 06513
      View Details
    • Value Estimation by Request
      11,921 SF

      205 Riv St

      INDUSTRIAL (GENERAL)
      205 Riv St, New Haven, CT 06513-4241
      View Details
    • Value Estimation by Request
      1,150 SF

      64 Thompson St Ste B206

      CONDOMINIUMS (INDUSTRIAL)
      64 Thompson St Ste B206, East Haven, CT 06513-5708
      View Details
    • Value Estimation by Request
      0.61 Acres

      15 Wheelbarrow Ln

      INDUSTRIAL (GENERAL)
      15 Wheelbarrow Ln, East Haven, CT 06513-2003
      View Details

    Similar Nearby for Sale

    • $2,250,000
      32,643 SF

      Well-Maintained Industrial Facility with Redevelopment Potential

      Industrial facility with redevelopment potential on 0.77 acres.
      373 Lexington Ave, New Haven, CT 06513
      View Details
    • Contact for pricing
      41,295 SF

      Office/Flex Space with Warehouse

      45000 SF Office/Flex space with 30000 SF warehouse/shop space.
      654 Ferry St, New Haven, CT 06513
      View Details
    • $1,995,000
      0.77 Acres

      Industrial Facility with Redevelopment Potential

      Well-maintained industrial facility with potential for residential adaptive reuse.
      373 Lexington Ave, New Haven, CT 06513
      View Details
    • $2,300,000
      69,364 SF

      Industrial Building in New Haven

      Heavy industrial building with updated office space and parking.
      30 Lenox St, New Haven, CT 06513
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,723 SF

      Industrial Warehouse Space Available

      15,723 square foot warehouse space for lease.
      260 Wolcott St, New Haven, CT 06513
      View Details
    • Contact for pricing

      Industrial Property Near New Haven Harbor

      Industrial property with 15,723 SF, accessible from I-91 and I-95.
      260 Wolcott St, New Haven, CT 06513
      View Details
    • $3,000 /Mo
      3,000 SF

      Office with Garage For Rent

      Renovated office space with garage and parking, near I-95/I-91.
      281 Chapel St, New Haven, CT 06513
      View Details
    • Contact for pricing
      32,643 SF

      Industrial Facility with Redevelopment Potential

      Well-maintained industrial facility with adaptive reuse potential for residential.
      373 Lexington Ave, New Haven, CT 06513
      View Details
    • Contact for pricing

      Erector Square Warehouse Space

      50,000 SF warehouse space available for rent.
      315 Peck St, New Haven, CT 06513
      View Details
    • $2,850 /Mo

      Historic Three-Bedroom Rental Available

      First-floor unit with renovated kitchen, river views, and parking.
      37 E Pearl St, New Haven, CT 06513
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    197 Riv St
    New Haven, CT 06513-4241
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    197 Riv St, New Haven, CT, 06513
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!