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Property profile & analytics
FOR LEASE
Super regional malls
40 Pershing Dr Derby, CT 06418
Entity Owned
20-yr Hold
Free & Clear
Property ID
US15-1332047
For Lease
1 / 25
Contact for pricing
40 Pershing Dr, Derby, CT 06418
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Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1973
Lot
4.63 ac (201,683 SF)
Zoning code
B-1
APN
DERB M:7 B:10&12 L:17
UPID
US15-1332047
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
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
Readco Derby LLC · 20 yrs held
Readco Derby LLC
since 2006
4 recorded transactions
Zoning & alternative use
B-1 · Derby, 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 Derby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Derby 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
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
$211,831
Tax year 2023
Assessed value
$5,487,860
Assessed 2023
Previous assessed
$5,487,860
+0.0% YoY
Effective rate
3.86%
On assessed value
Assessed land
$967,750
Assessed improvement
$4,520,110
Applied tax rate
324.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1973
Heating
NONE
Cooling
YES
Buildings
2
Units
11
Lot
4.63 ac (201,683 SF)
Zoning code
B-1
APN
DERB M:7 B:10&12 L:17
UPID
US15-1332047
Jurisdiction
DERBY
Zoning & alternative use
B-1 · Derby, CT
Zoning B-1 · permitted uses
B-1 · Derby, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Derby. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Cooling
Yes
Buildings
2
Units
11
Lot
4.63 ac
Current owner
From public records · entity-resolved
Readco Derby LLC
Entity
Free & Clear · 20 yrs held
Mailing address
10 VIS CT, PLEASANTVILLE, NY 10570-1425
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2006
$71,501,000
Readco Derby LLC
Coolidge Derby LLC
Warranty Deed
—
Jun 28, 2006
$1
Walgreen Eastern Co INC
Readco Derby LLC
Grant Deed
related
—
Feb 3, 2006
—
Coolidge Derby LLC
—
Deed Of Trust
related
$4,518,750 · Citibank Fsb
Jan 30, 2004
$16,600,000
Coolidge Windsor LLC
Irea LLC
Warranty Deed
$3,225,000 · Commerce Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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