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Property profile & analytics
OFF-MARKET
Office Spaces
240 Indian Riv Rd Ste B4 Orange, CT 06477-3690
Entity Owned
Absentee Owner
Free & Clear
Property ID
US15-0472859
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2008
Total area
920 SF
Zoning code
LI-3
APN
ORAN M:23 B:1 L:1 U:B-4
UPID
US15-0472859
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
-
Springbrook Deli Food Market Restaurant
-
Peter Chuang, MD Medical Clinic
-
U.S. Renal Care Medical Clinic
-
Bayode Afolalu, MD Physician Medical Clinic
-
Medical Oncology & Hematology Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
PARKWAY COMMONS LLC
PARKWAY COMMONS LLC
Zoning & alternative use
LI-3 · Orange, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rict Map Code Residence RES Commercial C-1 District C-1 Commercial C-2 District C-2 Local Shopping Center LSC District LSC Light Industrial District #1 LI-1 Light Industrial District #2 LI-2 Light Industrial District #3 LI-3 Light Industrial District #4 [1] LI-4 Light Industrial District #5 LI-5 Business Office Park District BOP Office Park District OP [1] E…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
59.09 ac
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 Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,349
Tax year 2023
Assessed value
$196,500
Assessed 2023
Previous assessed
$196,500
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed improvement
$196,500
Applied tax rate
336.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
920 SF
Zoning code
LI-3
APN
ORAN M:23 B:1 L:1 U:B-4
UPID
US15-0472859
Jurisdiction
ORANGE
Zoning & alternative use
LI-3 · Orange, CTZoning LI-3 · permitted uses
LI-3 · Orange, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rict Map Code Residence RES Commercial C-1 District C-1 Commercial C-2 District C-2 Local Shopping Center LSC District LSC Light Industrial District #1 LI-1 Light Industrial District #2 LI-2 Light Industrial District #3 LI-3 Light Industrial District #4 [1] LI-4 Light Industrial District #5 LI-5 Business Office Park District BOP Office Park District OP [1] Editor's Note: The Light Industrial District #4 was added to this list pursuant to an
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
59.09 ac
Building & site characteristics
From public records
Year built
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Current owner
From public records · entity-resolved
PARKWAY COMMONS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1040 POST RD, FAIRFIELD, CT 06824-6014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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