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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Banks
24 Washington Ave North Haven, CT 06473-2356
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0298528
Property summary
AI-generated overview
This 2,088 square foot office space, located at 24 Washington Avenue in North Haven, Connecticut, is part of an 8,129 square foot, two-story Class C building constructed in 1989 and renovated in 1995. The suite offers a flexible layout ideal for professional or medical practices, featuring 5-6 private offices, a conference room, a large meeting/workspace area, and a private bathroom. The space is currently vacant and available for lease starting November 1, 2024. The building boasts 34 total parking spaces and is conveniently situated on the Washington Avenue corridor, providing easy access to I-91 and Route 15, near the intersection of Routes 5 and 22. The building is multi-tenant, with existing tenants including a medical practice and a retail office. This second-floor suite is accessible via a wide stairwell
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1989
Construction
FRAME
Total area
8,129 SF
Lot
0.82 ac (35,719 SF)
Zoning code
LC12
APN
NRHV M:067 L:189
UPID
US15-0298528
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
-
Integrated Financial Systems (Bike/Boat/Book/etc) Store Corporate Office
-
Coldwell Banker Realty - North Haven Real Estate Agency
-
Maria Lisa Gagliardi, Coldwell banker realty Real Estate Agency
-
Caserta Michelle C MD Pediatrician Medical Clinic
-
Dr. Liesel L. Gould, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
24 James LLC · 4 yrs held
24 James LLC
since 2022
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
LC12 · North Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+51.8%
Industrial (general)
$925,000
+17.0%
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 Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$1,160,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$790,000
Current use
OFFICE BUILDING
$1,200,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$925,000
Change: +17% · Conversion: Difficult
RESTAURANT
$785,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.23M (Jul 7 2022)
Last sale anchor
$1.23M
Jul 7 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
$146 / 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
$22,187
Tax year 2023
Assessed value
$679,550
Assessed 2023
Previous assessed
$679,550
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$295,120
Assessed improvement
$384,430
Applied tax rate
307.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Total area
8,129 SF
Lot
0.82 ac (35,719 SF)
Zoning code
LC12
APN
NRHV M:067 L:189
UPID
US15-0298528
Jurisdiction
NORTH HAVEN
Zoning & alternative use
LC12 · North Haven, CT
Zoning LC12 · permitted uses
LC12 · North Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$790,000
OFFICE BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$925,000
RESTAURANT
Est. value
$785,000
FINANCIAL BUILDING Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
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
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Lot
0.82 ac
Current owner
From public records · entity-resolved
24 James LLC
Entity
Mailing address
24 WASHINGTON AVE, NORTH HAVEN, CT 06473-2356
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
$1,225,000
24 James LLC
Awm Holdings LLC
Warranty Deed
$1,225,000 · James Caserta
Jan 4, 2021
$900,000
Amy Holdings LLC
24 Washington Ave LLC
Warranty Deed
$700,000 · 24 Washington Ave LLC
Jul 29, 1994
$490,000
Joseph Mclaughlin
Dime Sb Wlfd
Grant 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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