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Property profile & analytics
OFF-MARKET
Estimated value
$4,445,000
Industrial properties
230 Old Gate Ln Milford, CT 06460-8623
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0805251
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1963
Construction
STEEL FRAME
Total area
40,809 SF
Lot
8.9 ac (387,684 SF)
Zoning code
ID
APN
MILF M:79 B:811 L:8-A
UPID
US15-0805251
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
-
Bohannon & Vines Transportation Group Travel Agency Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.45M
Owner & transaction history
230 Old Gate Lane LLC · 6 yrs held
230 Old Gate Lane LLC
since 2020
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
ID · Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.6M
+128.9%
Restaurant
$6.0M
+106.8%
Office building
$4.6M
+58.2%
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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
$4,415,000
ML approach
$4,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,885,000
Current use
COMMERCIAL (GENERAL)
$6,605,000
Change: +129% · Conversion: Difficult
RESTAURANT
$5,970,000
Change: +107% · Conversion: Difficult
OFFICE BUILDING
$4,565,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$4,425,000
Change: +53% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,270,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,700,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$4.45M
Range $4.00M – $4.89M · ±10% · vs last sale $4.25M (Jan 15 2020)
Last sale anchor
$4.25M
Jan 15 2020
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
$109 / 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
$52,302
Tax year 2023
Assessed value
$1,925,000
Assessed 2023
Previous assessed
$1,925,000
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$638,350
Assessed improvement
$1,286,650
Applied tax rate
333.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1963
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
40,809 SF
Lot
8.9 ac (387,684 SF)
Zoning code
ID
APN
MILF M:79 B:811 L:8-A
UPID
US15-0805251
Jurisdiction
MILFORD
Zoning & alternative use
ID · Milford, CT
Zoning ID · permitted uses
ID · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$6.6M
RESTAURANT
Est. value
$6.0M
OFFICE BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1963
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
8.9 ac
Current owner
From public records · entity-resolved
230 Old Gate Lane LLC
Entity
Mailing address
401 OLD GATE LN, MILFORD, CT 06460-8625
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2020
$4,250,000
230 Old Gate Lane LLC
Cls Milford LLC
Warranty Deed
—
Mar 9, 2009
—
Cis-milford LLC
—
Deed Of Trust
related
$650,000 · Richard Loricco
Mar 13, 2008
—
Cls Milford LLC
—
Deed Of Trust
related
$500,000 · Richard Loricco
Sep 30, 2003
—
Connecticut Limousing LLC
—
Deed Of Trust
related
$4,200,000 · Citizens Bank Of Ct
Jun 1, 2001
—
Cls Milford LLC
—
Deed Of Trust
related
$3,776,000 · Citizens Bank Of Ct
Jun 18, 1998
—
Cls Milford LLC
—
Deed Of Trust
related
$900,000 · Citizens Savings Bank Ct
Sep 24, 1992
—
Realty Schiavone
—
Deed Of Trust
related
$1,610,000 · Connecticut National Bank
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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