Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    228 Rowe Ave Milford, CT 06461-3031
    Back to Search
    Property profile & analytics

    228 Rowe Ave, Milford, CT 06461-3031

    View on Map
    • Industrial properties
    • 4,800 SF
    • 0.27 lot acres
    Off-Market
    Last Sale Mar 31, 2021
    Property ID
    US15-0296766
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Detail Shop LLC / Car Wash
    • Cap Associates Collucci Rentals / Real Estate Agency

    Property Details for 228 Rowe Ave

    Year built
    1979
    Construction
    STEEL FRAME
    Lot size
    0.27 lot acres
    Zone code
    LI
    Property type
    Industrial properties
    APN
    MILF M:32 B:340 L:5-A
    APU
    MILFM32B340L5A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 31, 2021 — Cap Collucci Assoc LLC Cap Assoc Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0973
    Latitude
    41.2091
    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
    $6,367
    $99,400
    $134,950
    $234,350
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $845,000
      22,593 SF

      80 Collingsdale Dr

      INDUSTRIAL (GENERAL)
      80 Collingsdale Dr, Milford, CT 06461-3005
      View Details
    • Value Estimation by Request
      12,730 SF

      81-83 Erna Ave

      INDUSTRIAL (GENERAL)
      81-83 Erna Ave, Milford, CT 06461
      View Details
    • Value Estimation by Request
      1,530 SF

      95 Erna Ave

      INDUSTRIAL (GENERAL)
      95 Erna Ave, Milford, CT 06461-3119
      View Details
    • Value Estimation by Request
      9,120 SF

      90 Munson St

      INDUSTRIAL (GENERAL)
      90 Munson St, Milford, CT 06461-3022
      View Details
    • Value Estimation by Request
      4,455 SF

      93 Opal St

      INDUSTRIAL (GENERAL)
      93 Opal St, Milford, CT 06461-3046
      View Details
    • Value Estimation by Request
      2,220 SF

      33 Roselle St

      INDUSTRIAL (GENERAL)
      33 Roselle St, Milford, CT 06461
      View Details

    Similar Nearby for Sale

    • $649,000
      7,272 SF

      Milford Commercial Building with Warehouse

      Commercial building with warehouse, offices, and additional lot.
      671 Naugatuck Ave, Milford, CT 06461
      View Details
    • Contact for pricing

      Waterfront Commercial Property Development Opportunity

      Two adjacent waterfront parcels ideal for development in Milford, CT.
      990 Naugatuck Ave, Milford, CT 06461
      View Details
    • Contact for pricing
      6,974 SF

      Mixed-Use Property with Warehouse

      Warehouse and multi-family residential property for sale in Milford.
      81 Munson St, Milford, CT 06461
      View Details
    • Contact for pricing

      Updated Condo in Prime Location

      Spacious 3-bedroom condo near shopping, dining, and transportation.
      148 Foxwood Close, Milford, CT 06461
      View Details
    • $399,900
      3.50 Acres

      Milford Land with Subdivision Potential

      3.5-acre Milford land parcel with subdivision possibilities.
      364 Orange Ave, Milford, CT 06461
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Milford Flex/Warehouse Sublease Opportunity

      53,593 SF flex/warehouse space available for sublease in Milford, CT.
      500 Bic Dr, Milford, CT 06461
      View Details
    • Contact for pricing
      12,000 SF

      Milford Office Space Available

      12,000 sq ft office space for rent in Milford.
      300 Sub Way, Milford, CT 06461
      View Details
    • Contact for pricing
      1,580 SF

      Freestanding Corner Building in Milford

      1,580 SF freestanding corner building in outstanding Milford location.
      1460 Boston Post Rd, Milford, CT 06461
      View Details
    • $2,000 /Mo

      Renovated One-Bedroom Apartment For Rent

      Completely renovated one-bedroom apartment with modern amenities and convenient location.
      663 Naugatuck Ave, Milford, CT 06461
      View Details
    • $19 SF/Yr

      Office Suites for Lease

      Office suites available in renovated building with on-site management.
      185 Plains Rd, Milford, CT 06461
      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.
    228 Rowe Ave
    Milford, CT 06461-3031
    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

    Thank You for Inquiry
    228 Rowe Ave, Milford, CT, 06461
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!