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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Showrooms
2381 Foxon Rd North Branford, CT 06471-1500
Individually Owned
4-yr Hold
Free & Clear
Property ID
US15-1342220
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,838 SF
Lot
1.17 ac (50,965 SF)
APN
NBRA M:41 B:67A
UPID
US15-1342220
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
-
Mike’s Hand Car Wash Auto Detailing & Fast Oil Change Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$942k
Blend (final)
Blend
$955k
Owner & transaction history
Michael Kavgaci · 4 yrs held
Michael Kavgaci
since 2022
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+29.8%
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 North Branford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Branford 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
$905,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,110,000
Current use
RESTAURANT
$1,440,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$1,100,000
Change: -1% · Conversion: Easy
RETAIL STORES
$1,065,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,030,000
Change: -7% · Conversion: Moderate
AUTO REPAIR, GARAGE
$890,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $1.00M (Jun 16 2022)
Last sale anchor
$1.00M
Jun 16 2022
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
$97 / 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
$19,473
Tax year 2023
Assessed value
$564,100
Assessed 2023
Previous assessed
$564,100
+0.0% YoY
Effective rate
3.45%
On assessed value
Assessed land
$147,600
Assessed improvement
$416,500
Applied tax rate
334.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
3
Bathrooms
2
Total area
9,838 SF
Lot
1.17 ac (50,965 SF)
APN
NBRA M:41 B:67A
UPID
US15-1342220
Jurisdiction
NORTH BRANFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$890,000
COMMERCIAL (GENERAL) Current
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
3
Bathrooms
2
Lot
1.17 ac
Current owner
From public records · entity-resolved
Michael Kavgaci
Individual
Free & Clear · 4 yrs held
Mailing address
2381 FOXON RD, NORTH BRANFORD, CT 06471-1500
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
$1,000,000
Michael Kavgaci
Sherrysam Realty LLC
Warranty Deed
—
Aug 24, 2009
$1,000,000
Sherrysam Realty LLC
2381 Foxon Road LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Dec 2, 2005
—
2381 Foxon Road LLC
—
Deed Of Trust
related
$874,000 · Ct Comunity Inv
Jun 14, 2005
—
2381 Foxon Road LLC
—
Deed Of Trust
related
$1,211,833 · Citizens Bank Of Ct
Jan 22, 2005
—
2381 Foxon Road LLC
—
Deed Of Trust
related
$450,000 · Charles Barrow
Nov 25, 2003
$340,000
Ark Enterprises LLC
Augur,mary A
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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