Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    259 Roosevelt Dr Derby, CT 06418-1653

    • Warehouses
    • 39,086 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimations
    $765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0804623
    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.

    Current Use by Public Records

    • Tire Rack Mobile Tire Installation / Auto Parts Store
    • QP Industrial Storage & Warehousing / Warehouse & Storage

    Property Details for 259 Roosevelt Dr

    Year built
    1949
    Construction
    STEEL FRAME
    Lot size
    0.97 lot acres
    Property size
    39,086 SF
    Zone code
    MDD
    Property type
    Warehouses
    APN
    DERB M:10 B:3 L:133
    APU
    DERBM10B3L133

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $685,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $841,000
      Market price range: $842k - $1.88M

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

    Location Insight

    • Map
    • Local Demand
    City
    Derby
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.1017
    Latitude
    41.3275
    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
    $23,694
    $85,610
    $528,220
    $613,830
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8,064 SF

      2 Factory St

      WAREHOUSE, STORAGE • 8,064 SF
      2 Factory St, Derby, CT 06418-1930
      View Details
    • Value Estimation by Request
      15,132 SF

      38 Commerce St

      WAREHOUSE, STORAGE • 15,132 SF
      38 Commerce St, Derby, CT 06418-2182
      View Details
    • Value Estimation by Request
      0.69 Acres

      245-247 Roosevelt Dr

      WAREHOUSE, STORAGE • 0.69 Acres
      245-247 Roosevelt Dr, Derby, CT 06418
      View Details
    • Value Estimation by Request
      3,000 SF

      433 Roosevelt Dr

      WAREHOUSE, STORAGE • 3,000 SF
      433 Roosevelt Dr, Derby, CT 06418-1034
      View Details
    • Value Estimation by Request
      1.83 Acres

      253 Roosevelt Dr

      WAREHOUSE, STORAGE • 1.83 Acres
      253 Roosevelt Dr, Derby, CT 06418-1687
      View Details
    • Value Estimation by Request
      5,960 SF

      95 Roosevelt Dr

      WAREHOUSE, STORAGE • 5,960 SF
      95 Roosevelt Dr, Derby, CT 06418-1648
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Derby Mixed-Use Investment Opportunity

      Income-producing property with residential and commercial units in Derby, CT.
      63 Derby Ave, Derby, CT 06418
      View Details
    • $460,000

      Hawthorne Avenue Specialty Property

      Specialty property available for sale on Hawthorne Avenue.
      249 Hawthorne Ave, Derby, CT 06418
      View Details
    • $365,000

      Land For Sale

      Land available for sale.
      2 Joyce Ave, Derby, CT 06418
      View Details
    • $600,000
      5,960 SF

      Derby Industrial Building - River Views

      Spacious warehouse, prime location, river views.
      95 Roosevelt Dr, Derby, CT 06418
      View Details
    • $499,000

      Well-Maintained Two-Family Home on Acre

      Meticulously maintained two-family home on a one-acre lot.
      111 High St, Derby, CT 06418
      View Details
    • $489,900

      Duplex with Tenant Income Potential

      Two-unit duplex ideal for owner-occupancy with rental income.
      28 Mclaughlin Ter, Derby, CT 06418
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,803 SF

      Hilltop Commons Retail Space for Lease

      Derby, CT: Prime Retail, High Visibility
      656 New Haven Ave, Derby, CT 06418
      View Details
    • $1,500,000
      1,460 SF

      Move-in Ready Office Suite

      Spacious office suite in Derby's thriving downtown renaissance.
      17 Elizabeth St, Derby, CT 06418
      View Details
    • Contact for pricing
      8,000 SF

      Retail Opportunity in Derby, CT

      Retail space available for lease in Derby, Connecticut.
      540 New Haven Ave, Derby, CT 06418
      View Details
    • $2,200 /Mo

      Well-Maintained Duplex with Private Deck

      Functional duplex with eat-in kitchen, deck, and central air.
      4 Trumbull St, Derby, CT 06418
      View Details
    • $3,500 /Mo
      2,000 SF

      Freestanding Building on High-Traffic Road

      2,000 SF building on 1 acre, suitable for many uses.
      795 Roosevelt Dr, Derby, CT 06418
      View Details
    • $1,600 /Mo

      Renovated Townhouse Style Two Bedroom

      Recently renovated 2-bedroom, 1-bath townhouse with new appliances and flooring.
      115 Roosevelt Dr, Derby, CT 06418
      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.
    259 Roosevelt Dr
    Derby, CT 06418-1653
    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

    Google sign-in failed. Please try again or use another login method.