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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Industrial properties
42 Oliver Ter Shelton, CT 06484-5336
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0271792
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1950
Total area
5,964 SF
Lot
0.33 ac (14,375 SF)
Zoning code
IA-2
APN
SHEL M:63 L:15
UPID
US15-0271792
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
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$908k
Blend (final)
Blend
$1.08M
Owner & transaction history
42 Oliver Terrace LLC · 2 yrs held
42 Oliver Terrace LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
IA-2 · Shelton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+164.5%
Auto repair, garage
$1.4M
+140.6%
Commercial (general)
$1.4M
+140.0%
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 Shelton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelton 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
$1,040,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,530,000
Change: +165% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,395,000
Change: +141% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,390,000
Change: +140% · Conversion: Difficult
RETAIL STORES
$1,110,000
Change: +91% · Conversion: Moderate
OFFICE BUILDING
$1,040,000
Change: +80% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$945,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.10M (Sep 7 2023)
Last sale anchor
$1.10M
Sep 7 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
$180 / 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
$12,388
Tax year 2023
Assessed value
$709,100
Assessed 2023
Previous assessed
$709,100
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$95,690
Assessed improvement
$613,410
Applied tax rate
110.0000
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
1950
Heating
NONE
Buildings
2
Units
1
Total area
5,964 SF
Lot
0.33 ac (14,375 SF)
Zoning code
IA-2
APN
SHEL M:63 L:15
UPID
US15-0271792
Jurisdiction
SHELTON
Zoning & alternative use
IA-2 · Shelton, CT
Zoning IA-2 · permitted uses
IA-2 · Shelton, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$945,000
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1950
Heating
NONE
Buildings
2
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
42 Oliver Terrace LLC
Entity
Mailing address
42 OLIVER TER, SHELTON, CT 06484-5336
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2024
—
42 Oliver Terrace LLC
—
Deed
related
$514,000 · Community Investment Corp
Sep 7, 2023
$1,100,000
42 Oliver Terrace LLC
Salemme Enterprises LLC
Warranty Deed
$625,000 · Savings Bank Of Danbury
Jun 23, 2008
$1
Salemme Enterprises LLC
Salemme,joseph
Grant Deed
related
—
Oct 11, 2001
$700,000
Joseph J Salemme
Gaida,john
Grant Deed
$600,000 · Zenon Grzybowski
Jan 11, 1995
$80,000
Joseph Salemme
Gaida,jack
Grant Deed
—
Sep 2, 1994
$150,000
Jack Gaida
Paniccia,americo
Warranty Deed
—
May 19, 1989
$225,000
Americo Paniccia
Cebulski,chester
Grant Deed
$150,000 · Peoples 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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