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Property profile & analytics
OFF-MARKET
Estimated value
$12,385,000
Manufacturing properties
351 Morgan Ln West Haven, CT 06516
Entity Owned
27-yr Hold
Free & Clear
Property ID
US15-0903594
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
STEEL FRAME
Total area
205,069 SF
Lot
10 ac (435,600 SF)
Zoning code
LM
APN
WHAV M:0018 B:0009 L:0000
UPID
US15-0903594
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
-
Dietzgen Corporation Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.15M
Blend (final)
Blend
$12.39M
Owner & transaction history
Baker Prop LP · 27 yrs held
Baker Prop LP
since 1999
4 recorded transactions
Zoning & alternative use
LM · West Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$20.0M
+43.0%
Auto repair, garage
$18.6M
+33.0%
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 West Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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)
$13,990,000
Current use
COMMERCIAL (GENERAL)
$20,005,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,600,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$12,070,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$12.39M
Range $11.15M – $13.62M · ±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
$60 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$153,618
Tax year 2024
Assessed value
$3,278,240
Assessed 2024
Previous assessed
$3,278,240
+0.0% YoY
Effective rate
4.69%
On assessed value
Assessed land
$1,102,500
Assessed improvement
$2,175,740
Applied tax rate
311.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1962
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
205,069 SF
Lot
10 ac (435,600 SF)
Zoning code
LM
APN
WHAV M:0018 B:0009 L:0000
UPID
US15-0903594
Jurisdiction
WEST HAVEN
Zoning & alternative use
LM · West Haven, CT
Zoning LM · permitted uses
LM · West Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$14.0M
COMMERCIAL (GENERAL)
Est. value
$20.0M
AUTO REPAIR, GARAGE
Est. value
$18.6M
WAREHOUSE, STORAGE
Est. value
$12.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1962
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
10 ac
Current owner
From public records · entity-resolved
Baker Prop LP
Entity
Free & Clear · 27 yrs held
Mailing address
PO BOX 1200, NEW HAVEN, CT 06505-1200
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2002
—
Baker Properties LP
—
Deed Of Trust
related
$2,280,000 · Banco Popular NA
Oct 25, 1999
—
Baker-prop LP
—
Deed Of Trust
related
$2,700,000 · Banco Popular No Amer
Feb 18, 1999
$5,235,000
Baker Prop LP
Gfp Prop 1 Ltd
Warranty Deed
—
Apr 7, 1988
—
Gfp Ptnrs I Ltd
—
Deed Of Trust
related
$4,300,000 · Bank Of Boston Ct
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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