Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    257 Depot Rd Milford, CT 06460-3804
    Back to Search
    Property profile & analytics

    257 Depot Rd, Milford, CT 06460-3804

    View on Map
    • Industrial properties
    • 24,285 SF
    • 12.20 lot acres
    Off-Market
    Last Sale Dec 30, 2020
    Property ID
    US15-0397949
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rome Fastener Corporation / Industrial Manufacturer / Production Facility

    Property Details for 257 Depot Rd

    Year built
    1955
    Construction
    STEEL FRAME
    Lot size
    12.20 lot acres
    Zone code
    LI
    Property type
    Industrial properties
    APN
    MILF M:102 B:704 L:4
    APU
    MILFM102B704L4

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 30, 2020 — Zero Depot Road LLC Rome Fastener Corp Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $660,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $810,000
      Market price range: $622k - $1.58M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0003
    Latitude
    41.2439
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,208
    $569,110
    $505,910
    $1,075,020
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.49 Acres

      772 Bridgeport Ave

      INDUSTRIAL (GENERAL)
      772 Bridgeport Ave, Milford, CT 06460
      View Details
    • Value Estimation by Request
      3.18 Acres

      215 Pepes Farm Rd

      INDUSTRIAL (GENERAL)
      215 Pepes Farm Rd, Milford, CT 06460-3626
      View Details
    • Value Estimation by Request
      4.64 Acres

      116 Research Dr

      INDUSTRIAL (GENERAL)
      116 Research Dr, Milford, CT 06460-2866
      View Details
    • Value Estimation by Request
      3.01 Acres

      230 Woodmont Rd

      INDUSTRIAL (GENERAL)
      230 Woodmont Rd, Milford, CT 06460-2845
      View Details
    • Value Estimation by Request
      11.80 Acres

      65 Furniture Row

      INDUSTRIAL (GENERAL)
      65 Furniture Row, Milford, CT 06460-3608
      View Details
    • Value Estimation by Request
      3,000 SF

      37 Eastern Steel Rd

      Flex space
      37 Eastern Steel Rd, Milford, CT 06460
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,118 SF

      Warehouse with Office Space

      Warehouse with office, kitchen, and bathroom near downtown Milford.
      6 Golden Hill St, Milford, CT 06460
      View Details
    • $500,000
      4,591 SF

      Versatile Milford Commercial/Residential Opportunity

      Live/work property with warehouse, office, and residential space.
      233 W River St, Milford, CT 06460
      View Details
    • Contact for pricing
      17,539 SF

      Light Industrial Building For Sale

      17,539 SF light industrial building with long-term credit tenant.
      291 Pepes Farm Rd, Milford, CT 06460
      View Details
    • Contact for pricing
      14,000 SF

      Retail and Warehouse Space Available

      14,000 SF retail and warehouse space for sale.
      461 Bridgeport Ave, Milford, CT 06460
      View Details
    • $500,000
      4,591 SF

      Live-Work Opportunity on Boston Post

      Mixed-use property with residential and commercial spaces in Milford, CT.
      233 West River St, Milford, CT 06460
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,385 SF

      Industrial Building Near I-95

      28,385 SF industrial building for lease near I-95.
      45 Woodmont Rd, Milford, CT 06460
      View Details
    • Contact for pricing
      82,671 SF

      Milford Industrial Space For Lease

      High-quality industrial space with excellent connectivity in Milford, Connecticut.
      80 Wampus Ln, Milford, CT 06460
      View Details
    • $12 SF/Yr
      2,000 SF

      Milford Flex Space Available

      2,000 SF flex space near I-95 in Milford.
      71 Eastern Steel Rd, Milford, CT 06460
      View Details
    • $1,975 /Mo

      Milford Apartment Near Train Station

      Two-bedroom apartment near Milford train station, available June 1st.
      156 W Main St, Milford, CT 06460
      View Details
    • $2,000 /Mo
      850 SF

      Downtown Milford Commercial Condominium

      Versatile 850 SF commercial space in Downtown Milford.
      185 Broad St, Milford, CT 06460
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    257 Depot Rd
    Milford, CT 06460-3804
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    257 Depot Rd, Milford, CT, 06460
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!