Property profile

21-23 Business Park Dr Branford, CT 06405

OFF-MARKET
Industrial properties
Property ID
US15-0978871
4.7 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,320-square-foot flex/R&D space is available for lease in a professionally managed building situated in New Haven County. The fully built-out chemistry lab boasts extensive equipment, including five benchtop chemical hoods, two walk-in hoods, and one lower bench hood. Secure chemical storage is in place, complemented by a backup power generator for reliable operation. High-quality lab equipment is included, featuring ovens, Buchi Rotovaps, a Buchi heating bath and pump, and a Bruker Ascend 400 NMR. A comprehensive equipment list is available upon request. This single-building property, built in 1983, sits on 4.7 acres and is zoned IG-2. The minimum divisible space is 9,320 square feet, with a maximum contiguous space of the same size. The total building area encompasses 35,940 square feet, and the property offers ample parking. Its convenient location provides easy access to Yale University (15 minutes) and Tweed Airport (10 minutes), making it an ideal location for research and development businesses. The property is classified as Class B and features multiple tenants.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Lot 4.7 ac (204,734 SF)
APN BRAN M:H05-000 B:001 L:00002
UPID US15-0978871

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Location

21-23 Business Park Dr Branford, CT 06405
Branford metro Census 184700 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2018
5 recorded transactions
2018
$2.6M
2018
$2,000
2018
Price N/A
2017
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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