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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Medical Office Space
25 Constitution S Blvd Shelton, CT 06484-4351
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0745371
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Total area
12,480 SF
Lot
2.84 ac (123,710 SF)
Zoning code
PDD
APN
SHEL M:65 L:30
UPID
US15-0745371
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
-
Pedi-Care Pediatrics Medical Clinic
-
Mongillo Nicholas MD Pediatrician Medical Clinic
-
Rivelli Michelle MD Pediatrician Medical Clinic
-
Benson Kevin MD Pediatrician Medical Clinic
-
Johnson Christa L MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
25 Constitution Blvd LLC · 2 yrs held
25 Constitution Blvd LLC
since 2023
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
PDD · Shelton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+91.2%
Auto repair, garage
$1.3M
+30.4%
Retail stores
$1.1M
+16.7%
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 Shelton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelton 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
$1,535,000
ML approach
$1,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$965,000
Current use
RESTAURANT
$1,845,000
Change: +91% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,260,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$1,125,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±10% · vs last sale $1.63M (Aug 30 2023)
Last sale anchor
$1.63M
Aug 30 2023
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
$127 / 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
$24,430
Tax year 2023
Assessed value
$1,398,390
Assessed 2023
Previous assessed
$1,398,390
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$357,840
Assessed improvement
$1,040,550
Applied tax rate
110.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Heating
NONE
Buildings
1
Stories
1
Total area
12,480 SF
Lot
2.84 ac (123,710 SF)
Zoning code
PDD
APN
SHEL M:65 L:30
UPID
US15-0745371
Jurisdiction
SHELTON
Zoning & alternative use
PDD · Shelton, CT
Zoning PDD · permitted uses
PDD · Shelton, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$965,000
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1996
Heating
NONE
Stories
1
Buildings
1
Lot
2.84 ac
Current owner
From public records · entity-resolved
25 Constitution Blvd LLC
Entity
Mailing address
25 CONSTITUTION BLVD S, SHELTON, CT 06484-4351
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2025
—
25 Constitution Blvd LLC
—
Deed
related
$1,250,000 · Sikorsky Financial Credit Union INC
Aug 30, 2023
$1,625,000
25 Constitution Blvd LLC
Riverview Mgmt LLC
Warranty Deed
—
Aug 7, 2007
—
Carwil LLC
—
Deed Of Trust
related
$400,000 · Bank Of America
Jul 16, 2003
—
Carwil LLC
—
Deed Of Trust
related
$700,000 · Fleet National Bank
Sep 26, 1997
$450,000
Carwil LLC
Cbl INC
Warranty Deed
$552,500 · Fleet Mortgage Corp
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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