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Property profile & analytics
OFF-MARKET
Office Spaces
243 Broad St Ste 2 Milford, CT 06460-3269
Individually Owned
4-yr Hold
Free & Clear
Property ID
US15-0377348
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1920
Construction
FRAME
Total area
1,349 SF
Zoning code
MCDD
APN
MILF M:44 B:394 L:1-A
UPID
US15-0377348
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
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
Michael Crane · 4 yrs held
Michael Crane
since 2021
Last sale
$175,000
2 recorded transactions
Zoning & alternative use
MCDD · Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
SECTION 3.21 MILFORD CENTER DESIGN DEVELOPMENT DISTRICT: MCDD Purpose: The purpose of the Milford Center Design Development District is to preserve the unique character of Milford Center including the natural and built environment. The vision for Milford Center is one of economic and social vitality with a mixture of uses which brings people together as a co…
Zone name
Milford Center Design Development District
General category
UNKNOWN
Zone area
175.71 ac
Source
ZONING REGULATIONS
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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
$3,488
Tax year 2023
Assessed value
$128,370
Assessed 2023
Previous assessed
$128,370
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed improvement
$128,370
Applied tax rate
333.0000
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
1920
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
7
Bathrooms
2
Total area
1,349 SF
Zoning code
MCDD
APN
MILF M:44 B:394 L:1-A
UPID
US15-0377348
Jurisdiction
MILFORD
Zoning & alternative use
MCDD · Milford, CTZoning MCDD · permitted uses
MCDD · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
SECTION 3.21 MILFORD CENTER DESIGN DEVELOPMENT DISTRICT: MCDD Purpose: The purpose of the Milford Center Design Development District is to preserve the unique character of Milford Center including the natural and built environment. The vision for Milford Center is one of economic and social vitality with a mixture of uses which brings people together as a community within the heart of Milford. 3.21.1 Permitted Uses : Subject to all other applicable provisions and limitations of these Reg ulations, the Board may allow the following buildings or uses in the Milford Center Design Development District, subject to Site Plan approval in accordance with
Zone name
Milford Center Design Development District
General category
UNKNOWN
Zone area
175.71 ac
Source
ZONING REGULATIONS
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
7
Bathrooms
2
Current owner
From public records · entity-resolved
Michael Crane
Individual
Free & Clear · 4 yrs held
Mailing address
26 TAULMAN RD, ORANGE, CT 06477
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2021
$175,000
Michael Crane
243 Broad Street LLC
Warranty Deed
—
Dec 17, 2012
$1
243 Broad Street LLC
Opin,perry M
Grant Deed
related
—
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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