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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Manufacturing properties
393 Soundview Rd Guilford, CT 06437-2970
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0532168
Property summary
AI-generated overview
This single-tenant industrial building, situated on 3.31 acres in Guilford, CT (06437), offers 16,864 square feet of versatile flex/manufacturing space. Built in 1987, the one-story structure boasts a 17.6-foot ceiling height, perfect for various industrial uses. The property features three loading docks and one drive-in door, ensuring efficient loading and unloading. Electrical service is provided by a 400-amp power supply. The building is zoned I-2 and includes updated amenities such as a new roof, new driveway, improved insulation, a modernized alarm and sprinkler system, a new compressed air system, updated security cameras, and two additional bathrooms in the office area. Previous approvals existed for a three-story lab/office addition to the existing structure. The property has a 310-foot frontage. This well-maintained building presents a significant opportunity for businesses seeking functional and updated industrial space in a convenient location. The lease rate is $7.95 per square foot, NNN.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,864 SF
Lot
3.31 ac (144,184 SF)
Zoning code
I-2
APN
GUIL M:35013
UPID
US15-0532168
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
-
Iglesia Cristiana Ebenezer, CT Church
-
Genx International Medical Supply Store
-
LifeGlobal Group LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.40M
Owner & transaction history
Jnp Properties LLC · 3 yrs held
Jnp Properties LLC
since 2023
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
I-2 · Guilford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+79.0%
Commercial (general)
$1.9M
+59.3%
Retail stores
$1.8M
+53.4%
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 Guilford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Guilford 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
$1,390,000
ML approach
$1,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,195,000
Current use
OFFICE BUILDING
$2,135,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,900,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$1,830,000
Change: +53% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,765,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,530,000
Change: +28% · Conversion: Easy
WAREHOUSE, STORAGE
$990,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Mar 2 2023)
Last sale anchor
$1.40M
Mar 2 2023
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
$83 / 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
$17,801
Tax year 2023
Assessed value
$687,820
Assessed 2023
Previous assessed
$687,820
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$126,420
Assessed improvement
$561,400
Applied tax rate
325.0000
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
1
Stories
1
Units
3
Rooms
7
Bathrooms
2
Total area
16,864 SF
Lot
3.31 ac (144,184 SF)
Zoning code
I-2
APN
GUIL M:35013
UPID
US15-0532168
Jurisdiction
GUILFORD
Zoning & alternative use
I-2 · Guilford, CT
Zoning I-2 · permitted uses
I-2 · Guilford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Guilford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$990,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
1
Units
3
Rooms
7
Bathrooms
2
Lot
3.31 ac
Current owner
From public records · entity-resolved
Jnp Properties LLC
Entity
Mailing address
393 SOUNDVIEW RD, GUILFORD, CT 06437-2970
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
$1,400,000
Jnp Properties LLC
Soundview Group LLC
Warranty Deed
$750,000 · Savings Bank Of Danbury
Dec 6, 2021
—
Soundview Group LLC
—
Deed
related
$900,000 · New Haven Bank
Aug 4, 2003
—
Soundview Grp LLC
—
Deed Of Trust
related
$540,000 · Wachovia Bank NA
Feb 15, 2001
$620,000
Soundview Grp LLC
Strafford Assoc
Warranty Deed
$450,000 · Citizens Bank Of Ct
Jun 16, 1992
—
Strafford Assoc
—
Deed Of Trust
related
$470,000 · Derby Svgs Bk
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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