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Property profile & analytics
OFF-MARKET
Estimated value
$4,820,000
Industrial properties
414 Chapel St New Haven, CT 06511-5858
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0111267
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
75,087 SF
Lot
1.18 ac (51,401 SF)
Zoning code
IL
APN
NHVN M:203 B:0546 L:00100
UPID
US15-0111267
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
-
Forensic Health Services Inc Crisis Center Medical Clinic
-
Nursing Home Ombudsman Professional Services
-
Connecticut Home Health Care Home Health Care Service
-
Support Enforcement Agency Social Service Agency Charitable Organization
-
C J R Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.97M
Blend (final)
Blend
$4.82M
Owner & transaction history
414 Chapel LLC · 6 yrs held
414 Chapel LLC
since 2019
6 recorded transactions
Zoning & alternative use
IL · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.0M
+55.3%
Auto repair, garage
$6.8M
+32.6%
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 New Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New 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
INDUSTRIAL (GENERAL)
$5,135,000
Current use
RETAIL STORES
$7,980,000
Change: +55% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,810,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$4,420,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$4.82M
Range $4.34M – $5.30M · ±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
$64 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$117,265
Tax year 2024
Assessed value
$3,045,840
Assessed 2024
Previous assessed
$3,045,840
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$122,010
Assessed improvement
$2,923,830
Applied tax rate
306.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
4
Rooms
8
Total area
75,087 SF
Lot
1.18 ac (51,401 SF)
Zoning code
IL
APN
NHVN M:203 B:0546 L:00100
UPID
US15-0111267
Jurisdiction
NEW HAVEN
Zoning & alternative use
IL · New Haven, CT
Zoning IL · permitted uses
IL · New Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.1M
RETAIL STORES
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$6.8M
WAREHOUSE, STORAGE
Est. value
$4.4M
INDUSTRIAL (GENERAL) Current
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
4
Rooms
8
Lot
1.18 ac
Current owner
From public records · entity-resolved
414 Chapel LLC
Entity
Mailing address
33 DIXWELL AVE #321, NEW HAVEN, CT 06511-3403
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2019
$4,650,000
414 Chapel LLC
Morgan Reed Chapel LLC
Warranty Deed
$3,500,000 · Asher Kugler
Sep 12, 2019
—
Ariel Hldgs LLC
Morgan Reed Chapel LLC
Warranty Deed
—
Dec 5, 2013
—
Morgan Reed Chapel LLC
—
Deed Of Trust
related
$2,500,000 · Signature Bank
Dec 8, 1993
—
Smr 85-1 LP
—
Deed Of Trust
related
$1,000,000 · Boston Five Mortgage
Dec 14, 1987
—
Smr 85-1 Ltd Ptnr
—
Deed Of Trust
related
$1,000,000 · Zuckerman Family Nomi
Oct 2, 1987
—
Smr 85 1 LP
—
Deed Of Trust
related
$4,200,000 · Ne Federal Savings Bank
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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