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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Industrial properties
29 Baer Cir, East Haven, CT 06512-4166
Entity Owned
8-yr Hold
Free & Clear
Property ID
US15-0475448
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
STEEL FRAME
Total area
13,120 SF
Lot
2.5 ac (108,900 SF)
Zoning code
LI-2
APN
EHAV M:060 B:0610 L:001
UPID
US15-0475448
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
-
Badger Infrastructure Solutions - New Haven, CT General Contractor Construction Company
-
Tek-Motive Inc Auto Repair Shop
-
Legend Food Service Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.10M
Owner & transaction history
K Russo Construction INC · 8 yrs held
K Russo Construction INC
since 2018
5 recorded transactions
Zoning & alternative use
LI-2 · East Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+85.8%
Office building
$1.4M
+57.8%
Apartment house (5+ units)
$1.4M
+57.5%
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 East Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
INDUSTRIAL (GENERAL)
$895,000
Current use
COMMERCIAL (GENERAL)
$1,670,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$1,415,000
Change: +58% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,415,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$1,395,000
Change: +55% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,190,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$770,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$83 / 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
$25,411
Tax year 2023
Assessed value
$814,450
Assessed 2023
Previous assessed
$814,450
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$242,900
Assessed improvement
$571,550
Applied tax rate
326.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Bathrooms
1
Total area
13,120 SF
Lot
2.5 ac (108,900 SF)
Zoning code
LI-2
APN
EHAV M:060 B:0610 L:001
UPID
US15-0475448
Jurisdiction
EAST HAVEN
Zoning & alternative use
LI-2 · East Haven, CT
Zoning LI-2 · permitted uses
LI-2 · East Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$770,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
K Russo Construction INC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 570, NORTH BRANFORD, CT 06471-0570
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2018
$625,000
K Russo Construction INC
Moalli Family Trust
Trustees Deed
—
Oct 24, 2016
—
David Biondi
Moalli,ronald & Angela
Quit Claim Deed
related
—
Aug 1, 1997
—
Ronald L Moalli
—
Deed Of Trust
related
$308,000 · Lafayette Bank & Trust
Mar 16, 1994
—
Ronald R Moalli
—
Deed Of Trust
related
$450,000 · Lafayette Bank & Trust
Mar 19, 1991
—
Ronald R Moalli
—
Deed Of Trust
related
$250,000 · Ct Development Auth
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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