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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Office buildings
41 Middletown Ave North Haven, CT 06473-3939
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US15-1020653
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
FRAME
Total area
9,600 SF
Lot
0.82 ac (35,719 SF)
Zoning code
CB20
APN
NRHV M:003 L:047
UPID
US15-1020653
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
-
Nova Dental Dental Office
-
Nutmeg Counseling Services LLC Crisis Center Medical Clinic
-
Angela N. Beckerman, LPC, LADC Crisis Center Medical Clinic
-
Irene Bosco Foster Care Service Social Service Agency
-
Ono Satoko DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$844k
Blend (final)
Blend
$945k
Owner & transaction history
Ejaz Management Servic · 10 yrs held
Ejaz Management Servic
since 2015
7 recorded transactions
Zoning & alternative use
CB20 · North Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+23.0%
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 North Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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)
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
OFFICE BUILDING
$1,140,000
Current use
RESTAURANT
$1,405,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,080,000
Change: -5% · Conversion: Easy
RETAIL STORES
$1,040,000
Change: -9% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,005,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±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
$98 / 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
$19,260
Tax year 2023
Assessed value
$589,880
Assessed 2023
Previous assessed
$589,880
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$108,780
Assessed improvement
$481,100
Applied tax rate
307.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
7
Total area
9,600 SF
Lot
0.82 ac (35,719 SF)
Zoning code
CB20
APN
NRHV M:003 L:047
UPID
US15-1020653
Jurisdiction
NORTH HAVEN
Zoning & alternative use
CB20 · North Haven, CT
Zoning CB20 · permitted uses
CB20 · North Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
7
Lot
0.82 ac
Current owner
From public records · entity-resolved
Ejaz Management Servic
Entity
Mailing address
27 HALLMARK HL DR, WALLINGFORD, CT 06492-3450
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2015
$850,000
Ejaz Management Servic
Stephen Elia JR
Warranty Deed
$437,500 · Zions First National
Mar 2, 1999
$41,000
Louis F Rubano
Svendsen,ernest B
Warranty Deed
$41,000 · New Haven Savings Bank
Dec 4, 1991
$29,530
Anthony Perrotti JR.
Elia,stephen JR
Grant Deed
—
Aug 12, 1991
—
Richard W Iannucci
—
Deed Of Trust
related
$700,000 · S Ne Farm Credit Assn
Jan 8, 1991
$65,521
Elia Stephen JR.
Elia,richard A
Grant Deed
related
—
Dec 28, 1989
—
Elia Stephen JR.
—
Deed Of Trust
related
$460,000 · Ct Savings Bank
Feb 3, 1988
$100,000
Anthony Perrotti JR
Arcangelo,charles V
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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