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    Property profile & analytics

    20 Commerce St East Haven, CT 06512-4145

    • Manufacturing properties
    • 36,000 SF
    • 2.97 lot acres
    OFF-MARKET
    Value Estimations
    $1,410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0927411
    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.

    Current Use by Public Records

    • CalmOn Skin / Cosmetic Store
    • Milbar Labs Inc / Industrial Manufacturer / Production Facility
    • DCL Skincare / Cosmetic Store
    • Wear SPF / Cosmetic Store

    Property Details for 20 Commerce St

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.97 lot acres
    Property size
    36,000 SF
    Zone code
    LI-2
    Property type
    Manufacturing properties
    APN
    EHAV M:060 B:0609 L:001
    APU
    EHAVM060B0609L001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,957,000
      Market price range: $1.82M - $3.32M
      AI Estimate
      $1,572,000
      Market price range: $868k - $3.60M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,120,000

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

    Location Insight

    • Map
    • Local Demand
    City
    East Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8831
    Latitude
    41.2513
    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
    $44,040
    $239,400
    $1,172,150
    $1,411,550
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,030,000
      28,180 SF

      30 Tyler St Ext

      MANUFACTURING (LIGHT) • 28,180 SF
      30 Tyler St Ext, East Haven, CT 06512-3025
      View Details
    • Value Estimation
      $3,245,000
      52,306 SF

      580 Coe Ave

      MANUFACTURING (LIGHT) • 52,306 SF
      580 Coe Ave, East Haven, CT 06512-3836
      View Details
    • Value Estimation
      $565,000
      14,000 SF

      167 Commerce St

      MANUFACTURING (LIGHT) • 14,000 SF
      167 Commerce St, East Haven, CT 06512-4187
      View Details
    • Value Estimation
      $735,000
      0.69 Acres

      601st Main St

      MANUFACTURING (LIGHT) • 0.69 Acres
      601st Main St, East Haven, CT 06512-2038
      View Details
    • Value Estimation by Request
      7,200 SF

      72 Hl St

      MANUFACTURING (LIGHT) • 7,200 SF
      72 Hl St, East Haven, CT 06512
      View Details
    • Value Estimation by Request
      10,000 SF

      99 Commerce St

      MANUFACTURING (LIGHT) • 10,000 SF
      99 Commerce St, East Haven, CT 06512-4146
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Industrial Building Near I-95

      Well-maintained industrial building with convenient highway access.
      182 Commerce St, East Haven, CT 06512
      View Details
    • $625,000
      7,380 SF

      Warehouse Convertible to Self-Storage

      7,380 SF warehouse, easily accessible, convertible to self-storage.
      5 Old Bradley St, East Haven, CT 06512
      View Details
    • $75,000
      0.49 Acres

      East Haven Treed Lot

      0.49 acre treed lot in desirable neighborhood.
      153 Grannis St, East Haven, CT 06512
      View Details
    • $350,000
      1,219 SF

      Auto Sales and Service Property

      1,219 SF building ideal for auto sales/service or redevelopment.
      247 Kimberly Ave, New Haven, CT 06512
      View Details
    • $1,500,000

      Land for Self-Storage Development

      Approved land parcel for self-storage facility development.
      495 Short Beach Rd, East Haven, CT 06512
      View Details
    • $3,800,000
      29,841 SF

      East Haven Strip Mall For Sale

      29,841 sq ft strip mall in East Haven, CT.
      208 Main Street Anx, East Haven, CT 06512
      View Details

    Similar Nearby for Lease

    • $2,750 /Mo

      East Haven Warehouse with Mezzanine

      Warehouse space with high ceilings and convenient highway access.
      34 Panagrosi Cir, East Haven, CT 06512
      View Details
    • $2,750 /Mo
      3,614 SF

      East Haven Warehouse with Office

      Warehouse with office space, convenient location near I-95.
      34 Panagrosi St, East Haven, CT 06512
      View Details
    • $12,000 /Mo
      435,600 SF

      Prime Industrial Land for Lease

      Large Outdoor Storage, Excellent Access
      519 Laurel St, East Haven, CT 06512
      View Details
    • Contact for pricing
      2,775 SF

      Retail Space Near Stop & Shop

      Retail space available in high-traffic shopping center near major routes.
      346-370 Hemingway Ave, E Haven, CT 06512
      View Details
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    20 Commerce St
    East Haven, CT 06512-4145
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    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
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