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Property profile & analytics
OFF-MARKET
Specialty properties
2705 Downes Rd Hamden, CT 06518
Individually Owned
19-yr Hold
Free & Clear
Property ID
US15-0361074
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Lot
32.05 ac (1,396,098 SF)
Zoning code
R1
APN
HAMD M:3524 B:002 L:00-0000
UPID
US15-0361074
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
United Illuminating · 19 yrs held
United Illuminating
since 2007
1 recorded transaction
Zoning & alternative use
R1 · Hamden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
and visual intrusion to residen- tial dwellings. A buffer area shall be required along all side and rear boundaries of a Special Permit use, a T3.5, T4, T5 or Special District lot abutting any lot in a Residential Zone (R1 - R5), T2, T3 zone. Such buffer area shall comply with at least the following minimum standards: The minimum width of buffer areas shall…
Zone name
Residential Zone
General category
RESIDENTIAL
Zone area
3,569.97 ac
Source
MergedFile
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 Hamden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamden 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 2015Property tax & assessments
Tax year 2015
Tax billed
$25,302
Tax year 2015
Assessed value
$454,440
Assessed 2023
Previous assessed
$454,440
+0.0% YoY
Effective rate
5.57%
On assessed value
Assessed land
$207,060
Assessed improvement
$247,380
Applied tax rate
327.0000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Heating
NONE
Buildings
3
Units
1
Lot
32.05 ac (1,396,098 SF)
Zoning code
R1
APN
HAMD M:3524 B:002 L:00-0000
UPID
US15-0361074
Jurisdiction
HAMDEN
Zoning & alternative use
R1 · Hamden, CTZoning R1 · permitted uses
R1 · Hamden, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
and visual intrusion to residen- tial dwellings. A buffer area shall be required along all side and rear boundaries of a Special Permit use, a T3.5, T4, T5 or Special District lot abutting any lot in a Residential Zone (R1 - R5), T2, T3 zone. Such buffer area shall comply with at least the following minimum standards: The minimum width of buffer areas shall be as follows: Table 5.3 Minimum Width of Buffer Areas Special Permit Uses in or a
Zone name
Residential Zone
General category
RESIDENTIAL
Zone area
3,569.97 ac
Source
MergedFile
Building & site characteristics
From public records
Heating
NONE
Buildings
3
Units
1
Lot
32.05 ac
Current owner
From public records · entity-resolved
United Illuminating
Individual
Free & Clear · 19 yrs held
Mailing address
1240 CHAPEL ST, NEW HAVEN, CT 06511-4602
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2007
$1
United Illuminating
Central Conn Coast Assoc
Warranty Deed
—
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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