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    Property profile & analytics

    24 Pershing Dr Ansonia, CT 06401-2214

    • Retail space
    • 18,851 SF
    • 2.05 lot acres
    OFF-MARKET
    Value Estimations
    $1,750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0345620
    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.

    Current Use by Public Records

    • Santander Bank ATM / Atm
    • Kayla Lepage / Physician
    • Theresa Conroy / Physician
    • Coinhub Bitcoin ATM Teller / Atm
    • LibertyX Bitcoin ATM / Atm

    Property Details for 24 Pershing Dr

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.05 lot acres
    Property size
    18,851 SF
    Zone code
    C
    Property type
    Retail space
    APN
    ANSO M:025 B:0091 L:0000
    APU
    ANSOM025B0091L0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,827,000
      Market price range: $740k - $1.83M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,045,000
      Current use
      RESTAURANT
      $2,755,000
      Change: +35% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,125,000
      Change: +4% Conversion: Easy
      OFFICE BUILDING
      $2,110,000
      Change: +3% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,975,000
      Change: -4% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,710,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ansonia
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0833
    Latitude
    41.3334
    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
    $96,140
    $453,040
    $3,210,830
    $3,663,870
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $10,895,000
      128,185 SF

      20 Main St

      RETAIL STORES (PERSONAL SERVICES) • 128,185 SF
      20 Main St, Ansonia, CT 06401-1812
      View Details
    • Value Estimation by Request
      2,800 SF

      143 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      143 Main St, Ansonia, CT 06401-1629
      View Details
    • Value Estimation
      $695,000
      8,117 SF

      360 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,117 SF
      360 Main St, Ansonia, CT 06401-2303
      View Details
    • Value Estimation
      $750,000
      17,973 SF

      27 Maple St

      RETAIL STORES (PERSONAL SERVICES) • 17,973 SF
      27 Maple St, Ansonia, CT 06401-1221
      View Details
    • Value Estimation by Request
      6,942 SF

      150 Wakelee Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,942 SF
      150 Wakelee Ave, Ansonia, CT 06401-1148
      View Details
    • Value Estimation by Request
      6,264 SF

      72 Clifton Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,264 SF
      72 Clifton Ave, Ansonia, CT 06401-2227
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      177,320 SF

      Anchored Shopping Center For Sale

      177,320 SF shopping center with redevelopment potential.
      409 Main St, Ansonia, CT 06401
      View Details
    • $1,500,000

      Ansonia Mixed-Use Investment Opportunity

      Well-maintained mixed-use property with commercial and residential units in Ansonia.
      232 Main St, Ansonia, CT 06401
      View Details
    • $1,250,000

      Ansonia Mixed-Use Investment Opportunity

      Well-maintained mixed-use property with commercial and residential units in Ansonia.
      232 Main St, Ansonia, CT 06401
      View Details
    • New
      $75,000

      Ansonia Restaurant Business For Sale

      Fully equipped restaurant with seating and take-out potential.
      143 N Main St, Ansonia, CT 06401
      View Details
    • $150,000

      Restaurant Opportunity on Main Street

      Fully operational Mexican restaurant with high visibility on Main Street.
      317 Main St, Ansonia, CT 06401
      View Details
    • Contact for pricing

      Former Nursing Home on 4.68 Acres

      47,187 SF former nursing home with 52 units and 90 beds.
      126 Ford St, Ansonia, CT 06401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,950 SF

      Ansonia Retail Space For Rent

      Grocery-anchored open-air retail center with service-oriented shops.
      100-172 Division St, Ansonia, CT 06401
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space on Main Street

      3,500 SF retail space available in Ansonia, CT.
      301-317 Main St, Ansonia, CT 06401
      View Details
    • Contact for pricing
      59,987 SF

      Retail Space in Ansonia, CT

      Retail space with high visibility and ample parking available for rent.
      100 Division St, Ansonia, CT 06401
      View Details
    • $2,300 /Mo
      1,600 SF

      Retail Space in Downtown Ansonia

      1,600 sq ft retail space in up-and-coming downtown Ansonia.
      103 Main St, Ansonia, CT 06401
      View Details
    • $2,000 /Mo
      1,056 SF

      Adaptable Retail or Office Space

      1,056 sq ft retail/office space with flexible layout.
      38 Clifton Ave, Ansonia, CT 06401
      View Details
    • Contact for pricing
      2,600 SF

      Remodeled Commercial Building in Ansonia

      Remodeled 2,600 SF commercial building on over 1/2 acre.
      203-211 Pershing Dr, Ansonia, CT 06401
      View Details
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    24 Pershing Dr
    Ansonia, CT 06401-2214
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    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
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