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Property profile & analytics
OFF-MARKET
Estimated value
$20,985,000
Office Spaces
265 Church St 1 New Haven, CT 06510-7013
Entity Owned
33-yr Hold
~
Est. High Equity
Property ID
US15-0888846
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1990
Construction
STEEL FRAME
Total area
168,498 SF
Zoning code
BD
APN
NHVN M:243 B:0312 L:00901
UPID
US15-0888846
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
-
Gillis Law Firm Law Firm
-
Murtha Cullina LLP Business Management Consultant
-
Ludwick Lindalea P Law Firm
-
Attorney Dana R. Bucin at Murtha Cullina LLP Law Firm
-
Us Trustee Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.47M
Blend (final)
Blend
$20.99M
Owner & transaction history
Century One LP · 33 yrs held
Century One LP
since 1993
3 recorded transactions
Zoning & alternative use
BD · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$32.8M
+80.5%
Restaurant
$24.6M
+35.5%
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 New Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Haven 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,190,000
Current use
COMMERCIAL (GENERAL)
$32,830,000
Change: +80% · Conversion: Easy
RESTAURANT
$24,640,000
Change: +35% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$18,155,000
Change: 0% · Conversion: Easy
RETAIL STORES
$17,905,000
Change: -2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,285,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$20.99M
Range $18.89M – $23.08M · ±10%
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
$125 / 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
$521,418
Tax year 2023
Assessed value
$13,254,150
Assessed 2023
Previous assessed
$13,254,150
+0.0% YoY
Effective rate
3.93%
On assessed value
Assessed improvement
$13,254,150
Applied tax rate
306.0000
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
1990
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
12
Units
33
Rooms
17
Total area
168,498 SF
Zoning code
BD
APN
NHVN M:243 B:0312 L:00901
UPID
US15-0888846
Jurisdiction
NEW HAVEN
Zoning & alternative use
BD · New Haven, CT
Zoning BD · permitted uses
BD · New Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$18.2M
COMMERCIAL (GENERAL)
Est. value
$32.8M
RESTAURANT
Est. value
$24.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.2M
RETAIL STORES
Est. value
$17.9M
AUTO REPAIR, GARAGE
Est. value
$15.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1990
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
12
Buildings
1
Units
33
Rooms
17
Current owner
From public records · entity-resolved
Century One LP
Entity
Mailing address
342 N MAIN ST STE #200, WEST HARTFORD, CT 06117-2507
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2007
—
Century One LP
—
Deed Of Trust
related
$19,000,000 · Newalliance Bank
Oct 1, 1997
—
Century One LP
—
Deed Of Trust
related
$10,000,000 · Lehman Capital Corp
Jun 29, 1993
$12,000,000
Century One LP
Colin Equities INC
Grant Deed
$9,000,000 · Wells Fargo Realty Ad
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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