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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    28 Driveway Guilford, CT 06437-3447

    • Residential income homes
    • 4,072 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0940583
    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

    • Vista Vocational / Doctor / Professional Services

    Property Details for 28 Driveway

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Property size
    4,072 SF
    Zone code
    R-3
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    GUIL M:033015A
    APU
    GUILM033015A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $412,000
      Market price range: $272k - $439k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $425,000
      Current use
      COMMERCIAL (GENERAL)
      $460,000
      Change: +8% Conversion: Moderate
      RETAIL STORES
      $440,000
      Change: +4% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $370,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Guilford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.674
    Latitude
    41.2769
    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
    $8,888
    $146,300
    $197,120
    $343,420
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $335,000
      3,762 SF

      130 Nn St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,762 SF
      130 Nn St, Guilford, CT 06437-2477
      View Details
    • Value Estimation
      $355,000
      3,068 SF

      355 New Whitfield St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,068 SF
      355 New Whitfield St, Guilford, CT 06437-3483
      View Details
    • Value Estimation
      $285,000
      2,152 SF

      311 Chaffinch Is Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,152 SF
      311 Chaffinch Is Rd, Guilford, CT 06437-3206
      View Details
    • Value Estimation
      $180,000
      2,392 SF

      51 Pearl St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,392 SF
      51 Pearl St, Guilford, CT 06437-2783
      View Details
    • Value Estimation
      $520,000
      3,100 SF

      41 Water St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,100 SF
      41 Water St, Guilford, CT 06437-2861
      View Details
    • Value Estimation
      $330,000
      3,762 SF

      122 Nn St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,762 SF
      122 Nn St, Guilford, CT 06437-2478
      View Details

    Similar Nearby for Sale

    • $1,195,000
      2,392 SF

      Guilford Four-Unit Multifamily Property

      Four updated units in Guilford, near historic Green and shoreline.
      51 Pearl St, Guilford, CT 06437
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    • New
      $825,000
      1,989 SF

      Updated Three-Unit Guilford Home

      Renovated three-unit property near Guilford Green, beach, and marina.
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    • $1,275,000
      0.56 Acres

      Mixed-Use Redevelopment Opportunity in Guilford

      Prime location near Guilford Green, ideal for mixed-use redevelopment.
      1161 Boston Post Rd, Guilford, CT 06437
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    • $167,000
      2,196 SF

      2nd Floor Office Condominium

      2,196 SF office condo with private offices and amenities.
      1791-1795 Boston Post Rd, Guilford, CT 06437
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    • Contact for pricing
      127,000 SF

      Guilford Industrial Building with Solar

      127,000 SF industrial building on 20.5 acres in Guilford.
      385 Long Hill Rd, Guilford, CT 06437
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    • $1,950,000
      9,396 SF

      Renovated Retail Building on Route 1

      9,396 SF renovated retail building with convenient highway access.
      588 Boston Post Rd, Guilford, CT 06437
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo

      Apartment Near Guilford Green

      Apartment near town beach, harbor, restaurants, and train station.
      28 Driveway 2-L, Guilford, CT 06437
      View Details
    • $2,300 /Mo

      Charming Guilford Apartment For Rent

      Charming 3-bedroom apartment in the heart of Guilford.
      26 Pearl St, Guilford, CT 06437
      View Details
    • Contact for pricing
      3,128 SF

      Professional Office Space For Lease

      Office space for lease with excellent visibility and access.
      157 Goose Ln, Guilford, CT 06437
      View Details
    • $985 /Mo
      940 SF

      Guilford Office Space For Rent

      Professional office space available on Boston Post Road in Guilford.
      2415 Boston Post Rd, Guilford, CT 06437
      View Details
    • $19 SF/Yr
      28,000 SF

      Guilford Medical Office Space for Lease

      Class A medical office suites in prime Guilford location.
      753 Boston Post Rd, Guilford, CT 06437
      View Details
    • $27 SF/Yr
      1,128 SF

      Medical Office Building on Route 1

      Professional medical office building with space for lease on Route 1.
      1445 Boston Post Rd, Guilford, CT 06437
      View Details
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    28 Driveway
    Guilford, CT 06437-3447
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    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
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