Property profile

240 Long Hill Cross Rd Shelton, CT 06484

FOR LEASE
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Property ID
US15-0851145
40,885 SF 4.51 ac Built 1991
Last sale Dec 1993·$825,000
Individually Owned Owner of record is an individual. 32-yr Hold Held for 32 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a commercial facility providing warehouse and industrial space. It is equipped with full air conditioning and a sprinkler fire protection system. Access is available around the clock via a card key system. The site is positioned for convenient connectivity to Route 8 at Exit 12 and is located within minutes of the Merritt Parkway and I-95.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$31k
Tax billed · 2023
Assessed value$1.80M
Assessed land$568k
Assessed improvement$1.23M
Effective rate1.75%

Value estimate

· Nov 2026
$940k
$846k – $1.03M
AI approach$710k
Submarket $/SF estimate$1.16M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$233/SF
County average, outlier-cleaned · 754 recorded sales of this use type
Observed band · Q1–Q3$108 – $389

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LIP
Light Industrial Park LIP Office Park District OPD River Front District RFD Special Development Area SDA Planned Development District PDD...
General categoryINDUSTRIAL
JurisdictionSHELTON

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop16.3
Realty agency15.8
Dental Office14.2

Location

240 Long Hill Cross Rd Shelton, CT 06484
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8 Frst, Shelton, CT 06484-6122 $2,300,000 Jan 2026 15,524 SF
84 Platt, Shelton, CT 06484-5340 $45,000 Sep 2023 10,032 SF
281 Canal, Shelton, CT 06484-3190 $120,000 Jun 2023 27,495 SF
10 Mtn Vw, Shelton, CT 06484-6403 $3,050,000 Aug 2022 31,298 SF
2 Research, Shelton, CT 06484-6225 $2,400,000 Jul 2022 50,608 SF
84 Ctr, Shelton, CT 06484-3242 $300,000 May 2019 14,255 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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