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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Showrooms
291 Sub Way Milford, CT 06461-3000
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-1002296
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1972
Construction
STEEL FRAME
Total area
36,220 SF
Lot
3.04 ac (132,422 SF)
Zoning code
OD
APN
MILF M:41 B:303 L:8-C
UPID
US15-1002296
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
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$989k
Blend (final)
Blend
$865k
Owner & transaction history
Milford Ice LLC · 5 yrs held
Milford Ice LLC
since 2020
6 recorded transactions
Zoning & alternative use
OD · Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$24 / 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
$33,597
Tax year 2023
Assessed value
$1,236,540
Assessed 2023
Previous assessed
$1,236,540
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$419,740
Assessed improvement
$816,800
Applied tax rate
333.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
36,220 SF
Lot
3.04 ac (132,422 SF)
Zoning code
OD
APN
MILF M:41 B:303 L:8-C
UPID
US15-1002296
Jurisdiction
MILFORD
Zoning & alternative use
OD · Milford, CT
Zoning OD · permitted uses
OD · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
3.04 ac
Current owner
From public records · entity-resolved
Milford Ice LLC
Entity
Mailing address
291 SUB WAY, MILFORD, CT 06461-3000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2020
—
Milford Ice LLC
—
Deed
related
$100,000 · Connecticut Community Bank NA
Dec 27, 2019
—
Milford Ice LLC
—
Deed
related
$1,170,000 · Connecticut Community Bank NA
Jun 8, 2011
—
Milford Ice Pavillion
—
Deed Of Trust
related
$270,000 · Webster Bank
Oct 19, 2009
—
Milford Ice Pavilion
—
Deed Of Trust
related
$160,000 · Milford Bank
Mar 23, 1995
—
Milford Ice Pavilion
—
Deed Of Trust
related
$103,294 · Fairfield First Bank & Trust
Jun 21, 1988
—
Milford Ice Pavilion
—
Deed Of Trust
related
$150,000 · Fairfield First Bank & Trust
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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