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Property profile & analytics
OFF-MARKET
Estimated value
$7,590,000
Industrial properties
43 Riv St New Haven, CT 06513
Entity Owned
10-yr Hold
Free & Clear
Property ID
US15-0777580
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1917
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
93,372 SF
Lot
0.85 ac (37,070 SF)
Zoning code
BA
APN
NHVN M:165 B:0706 L:01300
UPID
US15-0777580
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
$8.61M
Blend (final)
Blend
$7.59M
Owner & transaction history
43 River Sp LLC · 10 yrs held
43 River Sp LLC
since 2016
5 recorded transactions
Zoning & alternative use
BA · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.5M
+64.9%
Office building
$10.1M
+57.8%
Retail stores
$9.9M
+55.3%
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)
$6,385,000
Current use
COMMERCIAL (GENERAL)
$10,530,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$10,080,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$9,920,000
Change: +55% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$9,780,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,470,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$5,495,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$7.59M
Range $6.83M – $8.35M · ±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
$81 / 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
$215,403
Tax year 2023
Assessed value
$5,790,400
Assessed 2023
Previous assessed
$5,790,400
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$475,300
Assessed improvement
$5,315,100
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
1917
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
1
Rooms
12
Total area
93,372 SF
Lot
0.85 ac (37,070 SF)
Zoning code
BA
APN
NHVN M:165 B:0706 L:01300
UPID
US15-0777580
Jurisdiction
NEW HAVEN
Zoning & alternative use
BA · New Haven, CT
Zoning BA · permitted uses
BA · 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
$6.4M
COMMERCIAL (GENERAL)
Est. value
$10.5M
OFFICE BUILDING
Est. value
$10.1M
RETAIL STORES
Est. value
$9.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.8M
AUTO REPAIR, GARAGE
Est. value
$8.5M
WAREHOUSE, STORAGE
Est. value
$5.5M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1917
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
1
Rooms
12
Lot
0.85 ac
Current owner
From public records · entity-resolved
43 River Sp LLC
Entity
Free & Clear · 10 yrs held
Mailing address
201 WILSHIRE BLVD STE #102, SANTA MONICA, CA 90401-3155
Ownership since
2016
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
Apr 4, 2016
—
43 River Sp LLC
New Haven Self-storage
Warranty Deed
—
May 12, 2000
$375,000
New Hvn Self Strg LLC
River St Assoc LLC
Warranty Deed
—
Apr 8, 1997
$25,000
45 River St Assoc INC
New Haven Sb
Grant Deed
—
Jan 17, 1990
—
45 River St INC
—
Deed Of Trust
related
$42,210 · Zwi Kohorn
Apr 8, 1988
$770,000
45 River St INC
W B Hall INC
Grant Deed
$500,000 · New Haven 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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