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    2090 Foxon Rd North Branford, CT 06471-1511
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    Property profile & analytics

    2090 Foxon Rd, North Branford, CT 06471-1511

    View on Map
    • Showrooms
    • 5,000 SF
    • 0.54 lot acres
    Off-Market
    Property ID
    US15-0344674
    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
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cumberland Farms / Gas Station
    • Coin Cloud Bitcoin ATM / Kiosk / Atm
    • Citizens ATM / Atm

    Property Details for 2090 Foxon Rd

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.54 lot acres
    Property type
    Showrooms
    APN
    NBRA M:33 B:26
    APU
    NBRAM33B26

    Description

    This 5,000 square foot, single-story retail building in North Branford, Connecticut, presents a unique investment opportunity. Previously a Cumberland Farms gas station and convenience store, this property offers three separate retail spaces: one 2,500 square foot space and two 1,250 square foot spaces. Located at 2090 Foxon Rd, 06471, the building sits on a highly visible lot with approximately 13,000 cars passing daily, benefiting from proximity to major highways, shopping centers, and restaurants. Built in 1974, the property is zoned B2 and has undergone environmental remediation, including the removal of underground storage tanks. The building is vacant and being sold as-is, with the seller open to exploring financing options. No deed restrictions exist, allowing for a wide range of retail uses, including, but not limited to, re-establishing a gas station and convenience store, bank, quick-service restaurant, full-service restaurant, pharmacy, or grocery store. The asking price is $1,799,999, representing a price per square foot of $360. This is a remarkable chance to acquire a well-located, versatile retail property with significant potential for growth and return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $888,000
      Market price range: $298k - $888k
      AI Estimate
      $835,000
      Market price range: $220k - $836k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $565,000
      Current use
      RESTAURANT
      $730,000
      Change: +30% Conversion: Difficult
      OFFICE BUILDING
      $560,000
      Change: -1% Conversion: Easy
      RETAIL STORES
      $540,000
      Change: -4% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $525,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    North Branford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.7566
    Latitude
    41.3357
    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
    $25,051
    $214,100
    $511,600
    $725,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,598 SF

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    • Value Estimation by Request
      2,262 SF

      6 Enterprise Dr

      SHOW ROOM, WAREHOUSE
      6 Enterprise Dr, North Branford, CT 06471-1354
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    • Value Estimation
      $930,000
      6,300 SF

      2033 Foxon Rd

      SHOW ROOM, WAREHOUSE
      2033 Foxon Rd, North Branford, CT 06471-1553
      View Details
    • Value Estimation by Request
      1,176 SF

      212 Foxon Rd

      SHOW ROOM, WAREHOUSE
      212 Foxon Rd, North Branford, CT 06471-1001
      View Details
    • Value Estimation
      $600,000
      10,156 SF

      1177 Foxon Rd

      SHOW ROOM, WAREHOUSE
      1177 Foxon Rd, North Branford, CT 06471-1288
      View Details
    • Value Estimation by Request
      5,805 SF

      1239 Foxon Rd

      SHOW ROOM, WAREHOUSE
      1239 Foxon Rd, North Branford, CT 06471-1289
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail, Medical, Restaurant Ready Space

      Retail, medical, or restaurant space with ample parking.
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      View Details
    • Contact for pricing
      4 SF

      Industrial/Retail Land on Route 80

      4.4 acres of land with utilities and high traffic.
      2180 Foxon Rd, North Branford, CT 06471
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space on Route 80

      Retail space for lease in neighborhood shopping center.
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      View Details
    • $6 SF/Yr
      26,085 SF

      North Branford Industrial Warehouse Space

      26,085 SF industrial space available for lease.
      260 Branford Rd, North Branford, CT 06471
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    North Branford, CT 06471-1511
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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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