Individually Owned
No photos on file
For Sale
Contact for pricing
370 James St, New Haven, CT 06513
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Property summary
AI-generated overview
The property is a multi-tenant office building within a 172,400-square-foot structure, originally built in 1915 with renovations completed in 1987 and 2004. Office space is located on the second floor in several areas totaling approximately 3,495 square feet, 8,730 square feet, and 12,000 square feet, with additional space on the third floor of approximately 4,759 square feet and 6,454 square feet. The building is situated within 0.5 miles of the I-91 and I-95 on/off ramps and provides 530 free surface parking spaces. It has fiber optic connectivity via AT&T and is configured to support lab and R&D uses, with heavy floor loads, high power capacity, a loading dock, and a freight elevator.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
185,302 SF
Lot
4.04 ac (175,982 SF)
Zoning code
IH
APN
NHVN M:181 B:0772 L:00503
UPID
US15-0800785
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
General Contractor Construction Company
-
Medical Clinic
-
Charitable Organization Social Service Agency
-
Social Service Agency Charitable Organization
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.58M
Blend (final)
Blend
$8.01M
Owner & transaction history
since 2026
7 recorded transactions
Zoning & alternative use
IH · New Haven, CT
Zoning description
These districts have many regulations similar to those in Industry L Districts. They are apt. however, to be more intensively developed and to contain older and heavier industries
General category
UNKNOWN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.01M
Value range
$7.21M – $8.81M
±10% around blend
Estimated value / SF
$43 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$7.21M
blend $8.01M
$8.81M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
185,302 SF
Lot area
4.04 ac
Year built
1915
Stories
4
APN
NHVN M:181 B:0772 L:00503
Zoning
IH
Assessed value
$8,463,490
Annual tax
$314,842
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$9.58M
Range $9.58M – $25.12M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.01M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 47 sales
$113
-62%
Submarket 364 sales
$123
-65%
County 975 sales
$113
-62%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $43/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.46M
Move the market yield to see immediate price impact.
Value / SF
$46
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$533k
$10.66M
$7.62M
$5.92M
$592k
$11.85M
$8.46M
$6.58M
$652k
$13.03M
$9.31M
$7.24M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$314,842
Tax year 2023
Assessed value
$8,463,490
Assessed 2023
Previous assessed
$8,463,490
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$417,760
Assessed improvement
$8,045,730
Applied tax rate
306.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
12
Rooms
22
Total area
185,302 SF
Lot
4.04 ac (175,982 SF)
Zoning code
IH
APN
NHVN M:181 B:0772 L:00503
UPID
US15-0800785
Jurisdiction
NEW HAVEN
Zoning & alternative use
IH · New Haven, CTZoning IH · permitted uses
IH · New Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
These districts have many regulations similar to those in Industry L Districts. They are apt. however, to be more intensively developed and to contain older and heavier industries
General category
UNKNOWN
Building & site characteristics
From public records
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
12
Rooms
22
Lot
4.04 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
IH
UNKNOWN
Jurisdiction
New Haven, CT
Recorded code
IH
Official district
IH
Official district profile
What the municipal code says about IH
Zoning description
These districts have many regulations similar to those in Industry L Districts. They are apt. however, to be more intensively developed and to contain older and heavier industries
General category
UNKNOWN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IH in New Haven, CT.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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