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Property profile & analytics
FOR LEASE
Showrooms
45 Connair Rd, Orange, CT 06477
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-1219800
For Lease
1 / 15
$8 SF/Yr
45 Connair Rd, Orange, CT 06477
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Property summary
AI-generated overview
This 23,400 square foot Class C office building, located at 45 Connair Rd, Orange, CT 06477 (cross street: Robinson Blvd), offers a variety of office spaces ranging from 300 to 15,000 square feet. Built in 1987 and extensively renovated in 2024, the property features flexible floor plans to accommodate diverse business needs. Available spaces include private offices, conference rooms, and bullpen areas. The building is multi-tenant and offers convenient access to major transportation arteries. A short drive connects tenants to West Haven (3.5 miles), Milford Station (5 miles), New Haven (6.3 miles), and Union Station (6.4 miles). Tweed-New Haven Airport is approximately 10.9 miles away. Leasing rates are $7.00 per square foot, plus utilities (which include lighting, gas, city water, and city sewer, and heating). This property presents a unique opportunity for businesses seeking versatile and well-located office space in Orange, Connecticut.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1987
Total area
43,526 SF
Lot
3.4 ac (148,104 SF)
Zoning code
LI-2
APN
ORAN M:3 B:1 L:20
UPID
US15-1219800
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
-
Climate Pros Heating & Cooling Corp HVAC Service General Contractor
-
Krell Industries LLC Electronics & Wireless Store
-
K&A Engineering Consulting P.C. Engineering Consultant
-
Orange Executive Offices Real Estate Agency
-
GO Airport Shuttle Connecticut Moving Company Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.04M
Owner & transaction history
45 Connair Rd LLC · 1 yrs held
45 Connair Rd LLC
since 2024
1 recorded transaction
Zoning & alternative use
LI-2 · Orange, 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 Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange 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
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$24 / 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
$46,863
Tax year 2024
Assessed value
$1,511,700
Assessed 2024
Previous assessed
$1,511,700
+0.0% YoY
Effective rate
3.10%
On assessed value
Assessed land
$676,100
Assessed improvement
$835,600
Applied tax rate
336.0000
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
For Lease
Year built
1987
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
43,526 SF
Lot
3.4 ac (148,104 SF)
Zoning code
LI-2
APN
ORAN M:3 B:1 L:20
UPID
US15-1219800
Jurisdiction
ORANGE
Zoning & alternative use
LI-2 · Orange, CT
Zoning LI-2 · permitted uses
LI-2 · Orange, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orange. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
3.4 ac
Current owner
From public records · entity-resolved
45 Connair Rd LLC
Entity
Mailing address
465 BRINSMAYD AVE, STRATFORD, CT 06614-1368
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2024
—
45 Connair Rd LLC
Kss Associates LLC
Warranty Deed
$1,430,000 · Sikorsky Financial Credit Union INC
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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