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Property profile & analytics
OFF-MARKET
Industrial properties

21-23 Business Park Dr Branford, CT 06405

4.7 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US15-0978871
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Branford Insurance Center Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
21-23 Busn Pk LLC · 7 yrs held
21-23 Busn Pk LLC
since 2018
5 recorded transactions
2018
$2.6M
2018
$2,000
2018
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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