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Property profile & analytics
FOR LEASE
Industrial properties
458 Grand Ave, New Haven, CT 06513
Entity Owned
13-yr Hold
Free & Clear
Property ID
US15-0797884
For Lease
1 / 4
$15 SF/Yr
458 Grand Ave, New Haven, CT 06513
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Property summary
AI-generated overview
This exceptional New Haven, CT property at 458 Grand Avenue offers a unique blend of office, flex, and warehouse space, ideal for a variety of businesses. The two-story building, constructed in 1900 and recently remodeled, boasts a total of 2,349 square feet, with 355 square feet currently vacant. Situated on a one-acre lot with 216 feet of frontage, the property provides ample space and visibility. The building features a convenient elevator, common bathrooms, and separately metered units with new HVAC systems and carpeting. Parking is readily available with 64 spaces. The property is zoned IH (Industrial/Highway) in New Haven County, Connecticut, zip code 06513. Electrical service is 60 amps. The building is multi-tenant. A common area fee of $35 per unit is added to the monthly rent. This meticulously renovated building, once a powerhouse on the Mill River, presents a rare opportunity to secure prime commercial space in a desirable location. The available space is perfect for businesses seeking a blend of modern amenities and historical charm. Don't miss this chance to establish your business in this revitalized property.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,559 SF
Lot
1.91 ac (83,200 SF)
Zoning code
IH
APN
NHVN M:174 B:0736 L:00100
UPID
US15-0797884
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
-
Ashley & Co Business Management Consultant
-
Blue Delta Energy, LLC Financial Advisor
-
Above Average LLC Freight Service Logistics Company
-
Precision Brow and Body Spa Spa & Massage Center
-
Oksana Launer Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.22M
Blend (final)
Blend
$2.96M
Owner & transaction history
Capp Assoc LLC · 13 yrs held
Capp Assoc LLC
since 2013
5 recorded transactions
Zoning & alternative use
IH · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+64.9%
Office building
$4.1M
+57.8%
Retail stores
$4.0M
+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)
$2,570,000
Current use
COMMERCIAL (GENERAL)
$4,235,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$4,055,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$3,990,000
Change: +55% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,935,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,405,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$2,210,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±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
$79 / 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
$75,844
Tax year 2023
Assessed value
$1,972,530
Assessed 2023
Previous assessed
$1,972,530
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$129,920
Assessed improvement
$1,842,610
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
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
For Lease
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
30
Rooms
3
Total area
37,559 SF
Lot
1.91 ac (83,200 SF)
Zoning code
IH
APN
NHVN M:174 B:0736 L:00100
UPID
US15-0797884
Jurisdiction
NEW HAVEN
Zoning & alternative use
IH · New Haven, CT
Zoning IH · permitted uses
IH · 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
$2.6M
COMMERCIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$2.2M
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
30
Rooms
3
Lot
1.91 ac
Current owner
From public records · entity-resolved
Capp Assoc LLC
Entity
Free & Clear · 13 yrs held
Mailing address
315 PECK ST, NEW HAVEN, CT 06513-2933
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Oct 1, 2013
—
Capp Associates LLC
—
Deed Of Trust
related
$1,000,000 · Rockville Bank
Jun 26, 2013
—
Capp Assoc LLC
New Haven City Of
Quit Claim Deed
related
—
Jan 8, 2010
$1
Capp Assoc LLC
Erector Square LLC
Grant Deed
related
—
Jan 7, 2010
$1
Erector Square LLC
New Haven City Of
Grant Deed
related
—
Dec 18, 2002
$340,100
New Hvn City Of
Sachs,kahman
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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