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Property profile & analytics
OFF-MARKET
Estimated value
$4,815,000
Showrooms
440 Wheelers Farms Rd Milford, CT 06461-9133
Entity Owned
Free & Clear
Property ID
US15-0742230
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1988
Construction
STEEL FRAME
Total area
169,116 SF
Lot
11.86 ac (516,622 SF)
Zoning code
DO10
APN
MILF M:96 B:915 L:11-C
UPID
US15-0742230
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
$5.54M
Blend (final)
Blend
$4.82M
Owner & transaction history
440 Wheelers Farm Rd LLC
440 Wheelers Farm Rd LLC
since 2026
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
DO10 · Milford, 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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
Blend value · Realmo final
$4.82M
Range $4.33M – $5.30M · ±10% · vs last sale $4.45M (Mar 25 2024)
Last sale anchor
$4.45M
Mar 25 2024
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
$28 / 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
$188,288
Tax year 2023
Assessed value
$6,930,010
Assessed 2023
Previous assessed
$6,930,010
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$955,690
Assessed improvement
$5,974,320
Applied tax rate
333.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
1
Bathrooms
11
Total area
169,116 SF
Lot
11.86 ac (516,622 SF)
Zoning code
DO10
APN
MILF M:96 B:915 L:11-C
UPID
US15-0742230
Jurisdiction
MILFORD
Zoning & alternative use
DO10 · Milford, CT
Zoning DO10 · permitted uses
DO10 · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
1
Bathrooms
11
Lot
11.86 ac
Current owner
From public records · entity-resolved
440 Wheelers Farm Rd LLC
Entity
Free & Clear · 0 yrs held
Mailing address
590 MADISON AVE NE #303, NEW YORK, NY 10022-2524
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
$2,350,000
440 Wheelers Farm Rd LLC
Kennedy John
Warranty Deed
—
Jun 25, 2024
$4,450,000
Joffe Paulding 19 LLC
Milford 440 Wheelers Farm
Warranty Deed
—
Dec 7, 2023
—
Milford 440 Wheelers Farm
Dw Commercial Re LLC
Quit Claim Deed
related
—
Dec 4, 2023
$7,100,000
Dw Commercial Re LLC
Sh Wheelers Farm Road LLC
Commissioners Deed
related
—
Oct 9, 2019
—
Sh Wheelers Farm Road LLC
Msc 1 2007 Hq13 Merritt
Warranty Deed
$8,000,000 · Dw Coml Real
Aug 1, 2007
$1
Sova Merritt LLC
Merritt Acquisition LLC
Grant Deed
related
—
Sep 17, 2004
$910,000
Mcorbit Acquisition LLC
440 Wheelers Farm Rd LLC
Warranty Deed
$17,000,000 · Zuckerman Family Nomi
Dec 5, 1997
$1,367,500
Wheelers Farm Rd 440
Subway Subs INC
Warranty Deed
$8,675,000 · Zenon Grzybowski
Dec 21, 1990
$4,206,500
Farm Realty Wheeler
Cc&f East LP
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.
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