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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Manufacturing properties
231 Silver Sands Rd, East Haven, CT 06512-4140
Entity Owned
7-yr Hold
Free & Clear
Property ID
US15-0608252
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,568 SF
Lot
4.17 ac (181,645 SF)
Zoning code
LI-3
APN
EHAV M:120 B:1213 L:001
UPID
US15-0608252
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
-
Quality Mechanical Corporation General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.36M
Owner & transaction history
Fc Russo Fam LLC · 7 yrs held
Fc Russo Fam LLC
since 2019
7 recorded transactions
Zoning & alternative use
LI-3 · East Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
INDUSTRIAL (GENERAL)
$2,160,000
Current use
WAREHOUSE, STORAGE
$1,860,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±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
$43 / 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
$42,697
Tax year 2023
Assessed value
$1,368,500
Assessed 2023
Previous assessed
$1,368,500
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$333,480
Assessed improvement
$1,035,020
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
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
31,568 SF
Lot
4.17 ac (181,645 SF)
Zoning code
LI-3
APN
EHAV M:120 B:1213 L:001
UPID
US15-0608252
Jurisdiction
EAST HAVEN
Zoning & alternative use
LI-3 · East Haven, CT
Zoning LI-3 · permitted uses
LI-3 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
4.17 ac
Current owner
From public records · entity-resolved
Fc Russo Fam LLC
Entity
Free & Clear · 7 yrs held
Mailing address
231 SILVER SANDS RD, EAST HAVEN, CT 06512-4140
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
—
Silver Sands Assoc LLC
—
Deed
related
$1,150,000 · New Haven Bank
Jun 27, 2019
—
Fc Russo Fam LLC
Silverman,francis
Quit Claim Deed
related
—
Nov 7, 2016
—
Silver Sands Assoc LLC
—
Deed
related
$48,780 · Alco Realty LLC
Sep 20, 2007
—
Sands Assoc Silver
—
Deed Of Trust
related
$1,580,000 · Newalliance Bank
Dec 18, 2006
$234,900
3 Pillars LLC
James E Coady
Warranty Deed
$176,175 · Wachovia Bank NA
Apr 2, 2004
$1,337,500
Silver Sands Assoc LLC
Agfa Ndt LLC
Grant Deed
$1,070,000 · New Haven Savings Bank
Aug 31, 2001
$1,450,000
Krautkramer INC
Blackstone Inv LLC
Warranty Deed
—
Aug 30, 2001
$53,976
Blackstone Inv INC
East Haven Town Of
Warranty Deed
—
Dec 11, 1998
—
Blackstone Inv LLC
—
Deed Of Trust
related
$775,000 · Citizens Savings Bank Ct
Apr 15, 1997
$875,000
Investment Blackstone
Augusta Realty Co
Warranty Deed
$750,000 · Fleet Mortgage Corp
—
—
Silver Sands Assoc LLC
—
Deed Of Trust
related
$48,780 · Alco Realty LLC
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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