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    Property profile & analytics

    367 Main St Branford, CT 06405

    • Commercial real estate
    • 9.44 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0374385
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ATM (First Niagara Bank) / Atm
    • KeyBank ATM / Atm

    Property Details for 367 Main St

    Year built
    2024
    Lot size
    9.44 lot acres
    Property type
    Commercial real estate

    Description

    This newly constructed, single-building property at 367-383 East Main Street in Branford, CT (06405) offers three retail/office spaces for lease. Located in a mixed-use neighborhood development, the building boasts excellent visibility along East Main Street (Route 1), with over 400 feet of frontage and an average daily traffic count of approximately 19,500 vehicles. The units range in size from 1,227 square feet to 1,291 square feet, with the possibility of contiguous space totaling 2,577 square feet. The building was completed in 2024 and sits on a 9.44-acre lot, zoned BL. This prime location offers easy access to Route 139 and major highways, surrounded by numerous amenities. The lease rate is $28.00 per square foot gross, plus electricity. The property is ideal for businesses seeking high visibility and convenient access in a thriving Branford commercial area. Minimum leasable space is 1,227 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Branford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.782212712431
    Latitude
    41.295116698001

    Comparable in this City

    • $1,400 /Mo
      1,000 SF

      Branford Retail/Office Space Available

      1,000 SF retail or office space for lease.
      223 East Main St, Branford, CT 06405
      View Details
    • $18 SF/Yr
      25,450 SF

      Branford Retail/Office Space

      Prime Branford location, 1600+ sqft available
      288 Main St, Branford, CT 06405
      View Details
    • $2,200 /Mo
      700 SF

      Branford Retail/Office Space Available

      700 SF retail or office space for lease.
      1116 Main St, Branford, CT 06405
      View Details
    • $1,500 /Mo
      1,476 SF

      Branford Commercial Space For Lease

      Two-story commercial building with high visibility and ample parking.
      303 Main St, Branford, CT 06405
      View Details
    • $11 SF/Yr
      47,770 SF

      Branford Industrial Flex Space

      Prime Branford flex space, I-95 access.
      36 Industrial Rd, Branford, CT 06405
      View Details
    • $16 SF/Yr
      12,800 SF

      Branford Medical Office Space

      1,280 SF Medical Office Suite Available
      144 Main St, Branford, CT 06405
      View Details

    Similar Nearby for Sale

    • $325,000

      Office/Retail Space with Garage Bay

      Office/retail condo with garage bay and updated interior.
      540 E Main St, Branford, CT 06405
      View Details
    • $398,500
      1,713 SF

      Prime Branford Office Space

      1,713 SF Office, Excellent Location
      127 Cedar St, Branford, CT 06405
      View Details
    • $250,000
      1,310 SF

      Branford Medical Office Condo For Sale

      1,310 SF medical office condo in excellent location.
      5 S Main St, Branford, CT 06405
      View Details
    • New
      $869,000
      3,416 SF

      Mixed-Use Property Near Downtown Branford

      Mixed-use property with income potential near downtown Branford, Connecticut.
      53 Montowese St, Branford, CT 06405
      View Details
    • $639,900

      Professional Office Building Near Green

      Architecturally significant office building one block from Branford Town Green.
      71 Cedar St, Branford, CT 06405
      View Details
    • $799,999
      2,325 SF

      Branford Commercial Building on 1.75 Acres

      Well-maintained, renovated commercial building suitable for medical offices or businesses.
      85 School Ground Rd, Branford, CT 06405
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo
      1,000 SF

      Branford Retail/Office Space Available

      1,000 SF retail or office space for lease.
      223 East Main St, Branford, CT 06405
      View Details
    • $18 SF/Yr
      25,450 SF

      Branford Retail/Office Space

      Prime Branford location, 1600+ sqft available
      288 Main St, Branford, CT 06405
      View Details
    • $2,200 /Mo
      700 SF

      Branford Retail/Office Space Available

      700 SF retail or office space for lease.
      1116 Main St, Branford, CT 06405
      View Details
    • $1,500 /Mo
      1,476 SF

      Branford Commercial Space For Lease

      Two-story commercial building with high visibility and ample parking.
      303 Main St, Branford, CT 06405
      View Details
    • $7,000,000
      2,500 SF

      Branford Office Space Available

      Office suite available in 55,274 SF building with backup power.
      45 NE Industrial Rd, Branford, CT 06405
      View Details
    • $2,500 /Mo

      Renovated Office Suite in Branford

      Move-in ready, renovated 5-room office suite in prime location.
      220 E Main St, Branford, CT 06405
      View Details
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    367 Main St
    Branford, CT 06405
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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