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Property profile & analytics
OFF-MARKET
Industrial properties
375 Morgan Ln 207 West Haven, CT 06516-4157
Individually Owned
4-yr Hold
Free & Clear
Property ID
US15-1188382
Property summary
AI-generated overview
This 768-square-foot commercial condominium, located at 375 Morgan Ln, Unit 207, West Haven, CT 06516, is situated in the Twelve Oaks Business Park, directly across from Yale West Campus. Built in 1987, this single-story unit (one of one) is currently 100% occupied, with the occupancy date set for August 1st, 2024. The property features central air conditioning, a private office, a kitchenette, and a full bathroom with a shower. Its current configuration is ideal for office use, but it's also suitable for a service-based business. The property is zoned LM. This presents an excellent owner-user opportunity, especially for businesses affiliated with Yale University. A sale-leaseback arrangement is also a possibility. Monthly condo fees are $237. This is a prime investment opportunity in a highly desirable location. The property's convenient location and versatile layout make it an attractive option for a variety of businesses. The asking price for this exceptional property is $79,000.
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1987
Construction
FRAME
Total area
768 SF
Zoning code
LM
APN
WHAV M:0018 B:0008 L:0207
UPID
US15-1188382
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
-
Stallion Hill Gallery Art Gallery
-
First Place Management LLC Property Management Company
-
FedEx Drop Box Postal Service Courier Service
-
Musco Engineering Associates Engineer
-
MTL Heating & Cooling, LLC HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Peter Zhang · 4 yrs held
Peter Zhang
since 2022
Last sale
$68,500
1 recorded transaction
Zoning & alternative use
LM · West Haven, CT
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 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)
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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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,509
Tax year 2023
Assessed value
$33,460
Assessed 2023
Previous assessed
$33,460
+0.0% YoY
Effective rate
4.51%
On assessed value
Assessed improvement
$33,460
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
768 SF
Zoning code
LM
APN
WHAV M:0018 B:0008 L:0207
UPID
US15-1188382
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.
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Current owner
From public records · entity-resolved
Peter Zhang
Individual
Free & Clear · 4 yrs held
Mailing address
375 MORGAN LN #207, WEST HAVEN, CT 06516-4157
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
$68,500
Peter Zhang
Michael V Musco
Warranty Deed
—
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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