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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    385 Church St Guilford, CT 06437-6003

    • Office buildings
    • 20,227 SF
    • 7.68 lot acres
    OFF-MARKET
    Value Estimations
    $3,145,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0524713
    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

    • Ana Rodriguez-Musterer, PA / Physician Assistant
    • Elizabeth Rubbo / Physical Therapist
    • Pinar Hatice Kodaman / Obstetrician-Gynecologist
    • Kamraan Madhani / Psychiatrist / Internist
    • Lisa Woods, APRN / Nurse Practitioner

    Property Details for 385 Church St

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.68 lot acres
    Property size
    20,227 SF
    Zone code
    I-1
    Property type
    Office buildings
    APN
    GUIL M:74004
    APU
    GUILM74004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,198,000
      Market price range: $1.65M - $3.20M
      AI Estimate
      $3,086,000
      Market price range: $1.39M - $3.43M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,560,000
      Current use
      RESTAURANT
      $2,960,000
      Change: +16% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,280,000
      Change: -11% Conversion: Easy
      RETAIL STORES
      $2,195,000
      Change: -14% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,120,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Guilford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.6859
    Latitude
    41.2969
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $65,210
    $192,500
    $2,327,220
    $2,519,720
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,685,000
      53,998 SF

      741 Boston Post Rd

      OFFICE BUILDING • 53,998 SF
      741 Boston Post Rd, Guilford, CT 06437-2714
      View Details
    • Value Estimation by Request
      3,739 SF

      105 Church St

      OFFICE BUILDING • 3,739 SF
      105 Church St, Guilford, CT 06437-2674
      View Details
    • Value Estimation by Request
      3,421 SF

      20 Water St

      OFFICE BUILDING • 3,421 SF
      20 Water St, Guilford, CT 06437-2862
      View Details
    • Value Estimation
      $565,000
      3,481 SF

      27 Boston St

      OFFICE BUILDING • 3,481 SF
      27 Boston St, Guilford, CT 06437-2855
      View Details
    • Value Estimation by Request
      3,096 SF

      688 Boston Post Rd

      OFFICE BUILDING • 3,096 SF
      688 Boston Post Rd, Guilford, CT 06437-2771
      View Details
    • Value Estimation by Request
      3,937 SF

      1315 Boston Post Rd

      OFFICE BUILDING • 3,937 SF
      1315 Boston Post Rd, Guilford, CT 06437-2318
      View Details

    Similar Nearby for Sale

    • $167,000
      2,196 SF

      2nd Floor Office Condominium

      2,196 SF office condo with private offices and amenities.
      1791-1795 Boston Post Rd, Guilford, CT 06437
      View Details
    • $167,000
      2,196 SF

      Parkview Plaza Office Condo

      Prime Guilford, CT medical/office space.
      1795 Boston Post Rd, Guilford, CT 06437
      View Details
    • $499,000

      Redevelopment Site on 1.18 Acres

      1.18± acre redevelopment site near I-95 and retailers.
      522 Boston Post Rd, Guilford, CT 06437
      View Details
    • $2,200,000

      Specialty Property For Sale

      Specialty property available for purchase.
      48 Andrews Rd, Guilford, CT 06437
      View Details
    • $689,000

      Tamarack Lane Land For Sale

      Land for sale on Tamarack Lane, Guilford, CT.
      Tamarack Ln, Guilford, CT 06437
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    • $750,000

      Guilford Specialty Property For Sale

      Specialty property available for purchase in Guilford, Connecticut.
      201 Mulberry Point Rd, Guilford, CT 06437
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    Similar Nearby for Lease

    • $24,250
      7,920 SF

      Waterfront Office Building for Lease

      Premier waterfront office building in Guilford with Long Island Sound views.
      530 Whitfield St, Guilford, CT 06437
      View Details
    • $1,250 /Mo
      1,100 SF

      Charming Guilford Office Suites Available

      Three office suites for sublease with utilities and internet included.
      350 Goose Ln, Guilford, CT 06437
      View Details
    • $11 SF/Yr

      Guilford Office Suites For Rent

      Professional office suites available in Guilford shopping district, ranging from 200-1100SF.
      1200 Boston Post Rd, Guilford, CT 06437
      View Details
    • $975 /Mo

      Remodeled Office Space For Rent

      Remodeled office space with private entrance and dedicated half bath.
      20 Dunk Rock Rd, Guilford, CT 06437
      View Details
    • $56 SF/Yr
      1,500 SF

      Retail/Office Space on Guilford Green

      Prime retail or office space with high visibility and foot traffic.
      89 Whitfield St, Guilford, CT 06437
      View Details
    • $985 /Mo
      940 SF

      Guilford Office Space For Rent

      Professional office space available on Boston Post Road in Guilford.
      2415 Boston Post Rd, Guilford, CT 06437
      View Details
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    385 Church St
    Guilford, CT 06437-6003
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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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