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Property profile & analytics
FOR LEASE
Warehouses
285 State St North Haven, CT 06473
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US15-0677764
For Lease
$8.75 SF/Yr
285 State St, North Haven, CT 06473
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Total area
95,891 SF
Lot
7.17 ac (312,325 SF)
Zoning code
IL30
APN
NRHV M:043 L:040
UPID
US15-0677764
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
-
Autopart International Auto Parts Store (Bike/Boat/Book/etc) Store
-
Ecochlor Inc. Industrial Manufacturer Production Facility
-
RecSupply (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Nustone Industries Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$2.72M
Owner & transaction history
Elm City Mfg Jewelers · 27 yrs held
Elm City Mfg Jewelers
since 1998
3 recorded transactions
Zoning & alternative use
IL30 · North Haven, CT
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 North Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
Blend value · Realmo final
$2.72M
Range $2.44M – $2.99M · ±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
$28 / 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
$92,458
Tax year 2023
Assessed value
$2,831,780
Assessed 2023
Previous assessed
$2,831,780
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$508,000
Assessed improvement
$2,323,780
Applied tax rate
307.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1954
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
95,891 SF
Lot
7.17 ac (312,325 SF)
Zoning code
IL30
APN
NRHV M:043 L:040
UPID
US15-0677764
Jurisdiction
NORTH HAVEN
Zoning & alternative use
IL30 · North Haven, CTZoning IL30 · permitted uses
IL30 · North Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ADOPTED REGS 2-5-07.doc
Building & site characteristics
From public records
Year built
1954
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
7.17 ac
Current owner
From public records · entity-resolved
Elm City Mfg Jewelers
Entity
Mailing address
110 REPUBLIC DR, NORTH HAVEN, CT 06473-3159
Ownership since
1998
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 20, 2017
—
Elm City Ip Holdings I
—
Deed
related
$2,500,000 · Peoples United Bank
Dec 14, 2005
—
Elm City Ip Holdings
—
Deed Of Trust
related
$3,112,663 · Peoples Bank
Oct 13, 1998
$3,610,000
Elm City Mfg Jewelers
Skw Rl Est LP
Grant Deed
$2,700,000 · Peoples Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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