Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    207 New Hvn Rd Prospect, CT 06712-1629

    • Industrial properties
    • 3.54 lot acres
    OFF-MARKET
    Last Sale
    Nov 09, 2023
    $1,450,000
    Value Estimations
    $1,450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0610130
    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

    • Industrial properties

    Property Details for 207 New Hvn Rd

    Lot size
    3.54 lot acres
    Zone code
    IND-1
    Property type
    Industrial properties
    APN
    PROS M:116 B:96 L:207
    APU
    PROSM116B96L207

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,440,000
      ML approach
      $1,445,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Prospect
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9682
    Latitude
    41.4753
    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
    $25,945
    $134,330
    $672,930
    $807,260
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      460 SF

      14 Gramar Ave

      INDUSTRIAL (GENERAL) • 460 SF
      14 Gramar Ave, Prospect, CT 06712
      View Details
    • Value Estimation by Request
      3.54 Acres

      139 Un City Rd

      INDUSTRIAL (GENERAL) • 3.54 Acres
      139 Un City Rd, Prospect, CT 06712-1031
      View Details
    • Value Estimation
      $910,000
      9.40 Acres

      38 Industrial Rd

      INDUSTRIAL (GENERAL) • 9.40 Acres
      38 Industrial Rd, Prospect, CT 06712-1068
      View Details
    • Value Estimation by Request
      1,140 SF

      158 Waterbury Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,140 SF
      158 Waterbury Rd, Prospect, CT 06712-1274
      View Details
    • Value Estimation
      $650,000
      1.75 Acres

      6 Gramar Ave

      INDUSTRIAL (GENERAL) • 1.75 Acres
      6 Gramar Ave, Prospect, CT 06712-1016
      View Details
    • Value Estimation by Request
      2.78 Acres

      16 Industrial Rd

      INDUSTRIAL (GENERAL) • 2.78 Acres
      16 Industrial Rd, Prospect, CT 06712-1018
      View Details

    Similar Nearby for Sale

    • $309,900

      Prospect Specialty Property For Sale

      Specialty property available for purchase in Prospect, Connecticut.
      36 Scott Rd, Prospect, CT 06712
      View Details
    • New
      $169,000
      Pending

      Residential Land with Mountain Views

      Upscale residential land in a sought-after area with mountain views.
      9 Ridgewood Club Rd, Prospect, CT 06712
      View Details
    • $555,000

      Specialty Property For Sale

      Specialty property available for purchase.
      4 Damase St, Prospect, CT 06712
      View Details
    • $650,000

      Holley Ln, Prospect, CT Property

      Specialty property available for sale in Prospect, Connecticut.
      6 Holley Ln, Prospect, CT 06712
      View Details
    • $399,900

      Putting Green Lane Property

      Property at 26 Putting Green Ln, Prospect, CT 06712 for sale.
      26 Putting Green Ln, Prospect, CT 06712
      View Details
    • $325,000

      Prospect Specialty Property For Sale

      Specialty property available for purchase in Prospect, Connecticut.
      79 Summit Rd, Prospect, CT 06712
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Modern Flex Space, 32 Industrial Road

      New 2024 Flex Units - Immediate Occupancy
      32 Industrial Rd, Prospect, CT 06712
      View Details
    • $1,800 /Mo
      2,950 SF

      Warehouse Space Near Route 8

      2,950 SF warehouse space, ideal for contractors.
      123 Union City Rd, Prospect, CT 06712
      View Details
    • $9 SF/Yr
      12,104 SF

      Warehouse with Office and Generator

      12,100 SF warehouse with office, loading docks, and generator.
      60 Scott Rd, Prospect, CT 06712
      View Details
    • Contact for pricing
      700 SF

      Furnished Office Space Available

      Affordable, furnished office spaces for lease with separate utilities.
      33 Union City Rd, Prospect, CT 06712
      View Details
    • $2,500 /Mo
      3,000 SF

      Retail/Office Space in Prospect

      Retail or office space available on busy RT 68.
      94 Union City Rd, Prospect, CT 06712
      View Details
    • Contact for pricing
      1,000 SF

      Office Space Available For Rent

      Office space available for lease in Prospect, Connecticut.
      115 Waterbury Rd, Prospect, CT 06712
      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.
    207 New Hvn Rd
    Prospect, CT 06712-1629
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!