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Property profile & analytics
OFF-MARKET
Estimated value
$2,575,000
Showrooms
3 Business Park Dr Branford, CT 06405-2925
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0154815
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1984
Construction
FRAME
Total area
39,126 SF
Lot
3.44 ac (149,846 SF)
APN
BRAN M:H05-000 B:001 L:00005
UPID
US15-0154815
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
-
Bentley meeting room Conference Center Coworking & Hybrid Office
-
ATM Atm
-
Baymont by Wyndham Branford/New Haven Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.58M
Owner & transaction history
Addp LLC · 4 yrs held
Addp LLC
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
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 Branford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Branford 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
$2,610,000
ML approach
$2,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.58M
Range $2.32M – $2.83M · ±10% · vs last sale $2.54M (Aug 4 2021)
Last sale anchor
$2.54M
Aug 4 2021
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
$66 / 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
$65,632
Tax year 2023
Assessed value
$2,195,800
Assessed 2023
Previous assessed
$2,195,800
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$691,500
Assessed improvement
$1,504,300
Applied tax rate
300.0000
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
85
Total area
39,126 SF
Lot
3.44 ac (149,846 SF)
APN
BRAN M:H05-000 B:001 L:00005
UPID
US15-0154815
Jurisdiction
BRANFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
85
Lot
3.44 ac
Current owner
From public records · entity-resolved
Addp LLC
Entity
Mailing address
3 BUSINESS PARK DR, BRANFORD, CT 06405-2925
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2021
$2,535,000
Addp LLC
Nirmala LLC
Warranty Deed
—
Aug 11, 2016
—
Nirmala LLC
—
Deed
related
$300,000 · Spring Bank
Dec 3, 2012
—
Nirmala LLC
—
Deed Of Trust
related
$1,500,000 · Whitney Hotel LLC
Feb 21, 2012
—
Nirmala LLC
—
Deed Of Trust
related
$1,775,000 · Chase Home Finance LLC
Oct 5, 2010
$2,200,000
Nirmala LLC
Branford Hospitality L
Warranty Deed
$1,550,000 · Beara Capital LLC
Sep 12, 2008
—
Branford Hospitality
—
Deed Of Trust
related
$683,000 · Connecticut Bros Corp
Jan 2, 2003
$4,900,000
Branford Hospitality LLC
Jette,glenn A
Warranty Deed
$2,900,000 · General Electric Capital Corp
Jan 2, 2003
—
Branford Hospitality LLC
—
Deed Of Trust
related
$1,220,000 · Commerce Bank & Trust
Apr 9, 1998
—
Glenn F Jette
—
Deed Of Trust
related
$1,800,000 · Peoples Bank
Oct 29, 1992
—
Glenn A Jette
—
Deed Of Trust
related
$766,589 · Ne Federal Savings 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.
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