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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Retail space
365 Hemingway Ave East Haven, CT 06512-2384
Individually Owned
5-yr Hold
Free & Clear
Property ID
US15-0212505
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
FRAME
Total area
4,748 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CB-1
APN
EHAV M:210 B:2618 L:001
UPID
US15-0212505
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
-
Dr. Sathiyapama Eswarathasan Physician
-
Rogers Joseph MD Physician
-
Vina's Nail Salon Nail Salon
-
Priority Urgent Care East Haven, CT Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$645k
Owner & transaction history
Hemingway Rental Assoc · 5 yrs held
Hemingway Rental Assoc
since 2021
Last sale
$650,000
2 recorded transactions
Zoning & alternative use
CB-1 · East Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Commercial, CB-1 District CB-1 Commercial, CB-2 District CB-2 Commercial, CC District CC Commercial, CD District CD Light Industrial District 1 LI-1 Light Industrial District 2 LI-2 Light Industrial District 3 LI-3 Planned Elderly Facilities District PEFD Planned Elderly Assisted Living Facility PEALF Shoreline Development District #1 S-1 Shoreline Developme…
Zone name
Commercial
General category
COMMERCIAL
Zone area
38.39 ac
Top alternative use upside
Commercial (general)
$605,000
+19.6%
Office building
$515,000
+1.6%
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
$640,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$505,000
Current use
COMMERCIAL (GENERAL)
$605,000
Change: +20% · Conversion: Easy
OFFICE BUILDING
$515,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$430,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $650k (Mar 25 2021)
Last sale anchor
$650k
Mar 25 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
$136 / 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
$13,744
Tax year 2023
Assessed value
$440,510
Assessed 2023
Previous assessed
$440,510
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$100,800
Assessed improvement
$339,710
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Bathrooms
1
Total area
4,748 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CB-1
APN
EHAV M:210 B:2618 L:001
UPID
US15-0212505
Jurisdiction
EAST HAVEN
Zoning & alternative use
CB-1 · East Haven, CTZoning CB-1 · permitted uses
CB-1 · East Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Commercial, CB-1 District CB-1 Commercial, CB-2 District CB-2 Commercial, CC District CC Commercial, CD District CD Light Industrial District 1 LI-1 Light Industrial District 2 LI-2 Light Industrial District 3 LI-3 Planned Elderly Facilities District PEFD Planned Elderly Assisted Living Facility PEALF Shoreline Development District #1 S-1 Shoreline Development Area SDA Planned Development District PD # Design Resident District DRA-1 Tech Park/Economic Development District TP/ED
Zone name
Commercial
General category
COMMERCIAL
Zone area
38.39 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$505,000
COMMERCIAL (GENERAL)
Est. value
$605,000
OFFICE BUILDING
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$430,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1976
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Hemingway Rental Assoc
Individual
Free & Clear · 5 yrs held
Mailing address
88 WOODPOND RD, WEST HARTFORD, CT 06107-3541
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2021
$650,000
Hemingway Rental Assoc
Karen Noccioletti
Warranty Deed
—
Jan 16, 1990
$355,000
Karen Noccioletti
Hemingway Assoc
Grant Deed
$280,000 · Branford 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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