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Property profile & analytics
OFF-MARKET Estimated value $945,000
Industrial properties

2 Commerce Dr North Branford, CT 06471-1250

21,192 SF 2.07 ac lot Built 1980
Entity Owned 3-yr Hold Free & Clear
Property ID
US15-0264893
Property summary
AI-generated overview

This exceptional 21,320-square-foot industrial warehouse building, situated on a 2.07-acre lot at the corner of Commerce Drive and Route 22/80, presents a significant opportunity. Currently 50% occupied, 10,820 square feet of prime light industrial space is immediately available for lease. The space includes 1,500 square feet of office space, enhancing its versatility. The building boasts excellent features including one loading dock, one drive-in overhead door, and a garage door on a shed addition. There's potential to add a second loading dock, and two additional 8x8-foot and one 10x10-foot drive-in doors are already in place. The warehouse features 8- to 18-foot ceilings, a roof suitable for solar panel installation, and a newly installed 20-ton HVAC system in half the building, with a second 20-ton unit to be installed shortly. Each 10,000-square-foot section has two 600-amp, three-phase power meters. The property benefits from over 400 feet of frontage on Route 22/80 and ample parking, making it highly accessible and convenient. The building was constructed in 1980 and is zoned I-2. This property offers a compelling combination of space, functionality, and location, making it ideal for a variety of manufacturing and warehouse operations. The building has a new load leveler.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1980
Construction STEEL FRAME
Total area 21,192 SF
Lot 2.07 ac (90,169 SF)
APN NBRA M:19-D B:13-1
UPID US15-0264893
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
Current use
Occupant on record · Public records
  • American Union Print Factory Textile Manufacturer
  • European Performance Auto Repair Shop
  • Mr. Rooter Plumbing of South Central Connecticut Plumbing Service General Contractor
  • Dale J Enterprises LLC Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
$931k
Blend (final) Blend
$945k
Owner & transaction history
2 Commerce LLC · 3 yrs held
2 Commerce LLC
since 2023
Last sale
$950,000
3 recorded transactions
2026
Price N/A
2023
$950,000
2002
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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