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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Manufacturing properties
375 Morse St Hamden, CT 06517-3133
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US15-1324156
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,206 SF
Lot
1.75 ac (76,230 SF)
Zoning code
M
APN
HAMD M:2126 B:033 L:00-0000
UPID
US15-1324156
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
-
HPI Manufacturing, Inc. Industrial Manufacturer Production Facility
-
Widder Tools Production Facility Factory
-
Winning Ice Systems Sports Field & Court (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$1.93M
Owner & transaction history
High Pricision INC · 22 yrs held
High Pricision INC
since 2004
3 recorded transactions
Zoning & alternative use
M · Hamden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
al Communication Commission FEMa Federal Emergency Management Agency ft Feet GFA Gross Floor Area GIS Geographic Information System GVWR Gross Vehicle Weight Rating HV AC Heating Ventilating and Air Condition HW Highway M-Zone Manufacturing Zone Max maximum Min minimum MPH Miles per Hour n/a Not Applicable NGVD National Geodetic Vertical Datum OSD Open Space…
Zone name
Manufacturing Zone
General category
INDUSTRIAL
Zone area
1,221.07 ac
Source
MergedFile
Top alternative use upside
Office building
$2.8M
+57.8%
Apartment house (5+ units)
$2.8M
+57.5%
Retail stores
$2.8M
+55.3%
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 Hamden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamden 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)
$1,790,000
Current use
OFFICE BUILDING
$2,830,000
Change: +58% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,825,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$2,785,000
Change: +55% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,375,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$1,540,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±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
$73 / 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
$58,958
Tax year 2023
Assessed value
$1,045,730
Assessed 2023
Previous assessed
$1,045,730
+0.0% YoY
Effective rate
5.64%
On assessed value
Assessed land
$162,680
Assessed improvement
$883,050
Applied tax rate
327.0000
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
26,206 SF
Lot
1.75 ac (76,230 SF)
Zoning code
M
APN
HAMD M:2126 B:033 L:00-0000
UPID
US15-1324156
Jurisdiction
HAMDEN
Zoning & alternative use
M · Hamden, CTZoning M · permitted uses
M · Hamden, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
al Communication Commission FEMa Federal Emergency Management Agency ft Feet GFA Gross Floor Area GIS Geographic Information System GVWR Gross Vehicle Weight Rating HV AC Heating Ventilating and Air Condition HW Highway M-Zone Manufacturing Zone Max maximum Min minimum MPH Miles per Hour n/a Not Applicable NGVD National Geodetic Vertical Datum OSD Open Space Development PUD Planned Unit Development ROW Right-of-way R-Zones Residential Zo
Zone name
Manufacturing Zone
General category
INDUSTRIAL
Zone area
1,221.07 ac
Source
MergedFile
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
High Pricision INC
Entity
Mailing address
PO BOX 6157, HAMDEN, CT 06517-0157
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2004
—
High Pricision INC
—
Deed Of Trust
related
$180,000 · Wachovia Bank NA
Nov 10, 2003
—
High Precision
—
Deed Of Trust
related
$300,000 · Wachovia Bank NA
Nov 19, 1991
—
High Precision INC
—
Deed Of Trust
related
$500,000 · Ct Development Auth
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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