Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    461 Derby Ave Orange, CT 06477-1204

    • Showrooms
    • 630 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0191245
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • St Anthony's Book & Gift Shop, LLC / Gift Shop

    Property Details for 461 Derby Ave

    Year built
    1928
    Construction
    FRAME
    Lot size
    0.65 lot acres
    Property size
    630 SF
    Zone code
    RESIDE
    Property type
    Showrooms
    APN
    ORAN M:89 B:4 L:4B
    APU
    ORANM89B4L4B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.026
    Latitude
    41.3023
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,701
    $35,000
    $48,600
    $83,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $640,000
      23,726 SF

      464 Boston Post Rd

      SHOW ROOM, WAREHOUSE • 23,726 SF
      464 Boston Post Rd, Orange, CT 06477-3566
      View Details
    • Value Estimation
      $460,000
      4,178 SF

      262 Boston Post Rd

      SHOW ROOM, WAREHOUSE • 4,178 SF
      262 Boston Post Rd, Orange, CT 06477-3505
      View Details
    • Value Estimation
      $840,000
      55,894 SF

      200 Edison Rd

      SHOW ROOM, WAREHOUSE • 55,894 SF
      200 Edison Rd, Orange, CT 06477-3602
      View Details
    • Value Estimation
      $410,000
      6,626 SF

      801 Baldwin Rd

      SHOW ROOM, WAREHOUSE • 6,626 SF
      801 Baldwin Rd, Orange, CT 06477-1119
      View Details
    • Value Estimation
      $665,000
      23,913 SF

      392 Boston Post Rd

      SHOW ROOM, WAREHOUSE • 23,913 SF
      392 Boston Post Rd, Orange, CT 06477
      View Details
    • Value Estimation
      $700,000
      31,916 SF

      236 Boston Post Rd

      SHOW ROOM, WAREHOUSE • 31,916 SF
      236 Boston Post Rd, Orange, CT 06477-3236
      View Details

    Similar Nearby for Sale

    • $1,999,999
      12,800 SF

      Retail/Showroom/Industrial Building on Route 1

      12,800 SF building on 1.28 acres with high visibility.
      304 Boston Post Rd, Orange, CT 06477
      View Details
    • Contact for pricing
      128,747 SF

      Freestanding Retail Building For Sale

      Retail building in high-traffic area near major retailers.
      48 Boston Post Rd, Orange, CT 06477
      View Details
    • $750,000
      3,860 SF

      Prime Orange, CT Woodworking Shop

      Established Business, Equipment Included
      80 3, Orange, CT 06477
      View Details
    • $1,675,000
      2,521 SF

      KFC Drive-Thru on Boston Post

      2,521 SF KFC with drive-thru and strong operator.
      480 Boston Post Rd, Orange, CT 06477
      View Details
    • $650,000
      2,760 SF

      Prime Orange, CT Commercial Space

      Spacious building, ample parking, great location.
      321 Dogburn Ln, Orange, CT 06477
      View Details
    • $1,050,000

      Orange, CT Specialty Property

      Specialty property available for sale in Orange, CT.
      342 Cedarwood Dr, Orange, CT 06477
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,270 SF

      Retail Center on High-Traffic Corridor

      Retail spaces available in a center with national and regional retailers.
      200 Indian River Rd, Orange, CT 06477
      View Details
    • $18 SF/Yr
      3,500 SF

      Retail Spaces with Natural Lighting

      Two retail spaces available with large windows and open layouts.
      278-282 Boston Post Rd, Orange, CT 06477
      View Details
    • $14 SF/Yr
      4,200 SF

      Retail Space on Boston Post

      4,200 SF retail space for lease on Boston Post Road.
      477 Boston Post Rd, Orange, CT 06477
      View Details
    • Contact for pricing

      Sublease Opportunity with Storefront

      Sublease opportunity featuring a storefront, loading docks, and updated utilities.
      Orange, CT 06477
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Orange, CT

      Retail space available, anchored by a top-performing Burlington.
      80-108 Boston Post Rd, Orange, CT 06477
      View Details
    • $16 SF/Yr
      10,761 SF

      Retail Space with Open Layout

      Retail spaces featuring large windows and flexible floor plans.
      278 Boston Post Rd, Orange, CT 06477
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    461 Derby Ave
    Orange, CT 06477-1204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.