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Property profile & analytics
OFF-MARKET
Estimated value
$6,525,000
Warehouses
221 Commerce St East Haven, CT 06512-4147
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0820564
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
STEEL FRAME
Total area
83,243 SF
Lot
1.42 ac (61,855 SF)
Zoning code
LI-2
APN
EHAV M:090 B:0912 L:001
UPID
US15-0820564
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
-
Lansing Building Products Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.42M
Blend (final)
Blend
$6.53M
Owner & transaction history
Agnl Pane LLC · 6 yrs held
Agnl Pane LLC
since 2019
3 recorded transactions
Zoning & alternative use
LI-2 · East Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.6M
+116.0%
Office building
$9.0M
+83.5%
Apartment house (5+ units)
$9.0M
+83.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Haven submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,900,000
Current use
COMMERCIAL (GENERAL)
$10,580,000
Change: +116% · Conversion: Difficult
OFFICE BUILDING
$8,985,000
Change: +83% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,970,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$8,845,000
Change: +81% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,550,000
Change: +54% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,695,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$6.53M
Range $5.87M – $7.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$78 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$127,696
Tax year 2023
Assessed value
$4,092,830
Assessed 2023
Previous assessed
$4,092,830
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$116,760
Assessed improvement
$3,976,070
Applied tax rate
326.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
83,243 SF
Lot
1.42 ac (61,855 SF)
Zoning code
LI-2
APN
EHAV M:090 B:0912 L:001
UPID
US15-0820564
Jurisdiction
EAST HAVEN
Zoning & alternative use
LI-2 · East Haven, CT
Zoning LI-2 · permitted uses
LI-2 · East Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$10.6M
OFFICE BUILDING
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
RETAIL STORES
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$7.6M
INDUSTRIAL (GENERAL)
Est. value
$5.7M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
1.42 ac
Current owner
From public records · entity-resolved
Agnl Pane LLC
Entity
Mailing address
245 PARK AVE FL, NEW YORK, NY 10167-0002
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2019
$6,500,000
Agnl Pane LLC
Harvey Propco LLC
Warranty Deed
$160,000,000 · Citi Real Estate Funding
Oct 2, 2015
—
Harvey Propco LLC
Harvey Industries INC
Warranty Deed
—
Sep 16, 2004
$1,675,000
Harvey Industries Co
Darche Co
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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