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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Automotive properties
480 New Hvn Ave Derby, CT 06418-2518
Entity Owned
1-yr Hold
Free & Clear
Property ID
US15-0980764
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2014
Construction
STEEL FRAME
Total area
7,144 SF
Lot
1.33 ac (57,935 SF)
Zoning code
B-1
APN
DERB M:4 B:3 L:37
UPID
US15-0980764
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
-
Town Fair Tire (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$833k
Blend (final)
Blend
$820k
Owner & transaction history
Tft Derby LLC · 1 yrs held
Tft Derby LLC
since 2024
6 recorded transactions
Zoning & alternative use
B-1 · Derby, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+61.2%
Commercial (general)
$805,000
+24.2%
Office building
$800,000
+23.3%
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 Derby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Derby 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
AUTO REPAIR, GARAGE
$650,000
Current use
RESTAURANT
$1,045,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$805,000
Change: +24% · Conversion: Moderate
OFFICE BUILDING
$800,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$775,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$750,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$115 / 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
$23,502
Tax year 2023
Assessed value
$608,860
Assessed 2023
Previous assessed
$608,860
+0.0% YoY
Effective rate
3.86%
On assessed value
Assessed land
$257,320
Assessed improvement
$351,540
Applied tax rate
324.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2014
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Units
2
Total area
7,144 SF
Lot
1.33 ac (57,935 SF)
Zoning code
B-1
APN
DERB M:4 B:3 L:37
UPID
US15-0980764
Jurisdiction
DERBY
Zoning & alternative use
B-1 · Derby, CT
Zoning B-1 · permitted uses
B-1 · Derby, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Derby. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$650,000
RESTAURANT
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$805,000
OFFICE BUILDING
Est. value
$800,000
RETAIL STORES
Est. value
$775,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$750,000
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2014
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Buildings
1
Units
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
Tft Derby LLC
Entity
Free & Clear · 1 yrs held
Mailing address
460 COE AVE, EAST HAVEN, CT 06512-3836
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
Tft Derby LLC
—
Deed
related
$2,070,000 · Nbt Bank National Association
Dec 26, 2024
—
Tft Derby LLC
Derby Four LLC
Warranty Deed
—
Nov 12, 2013
$695,000
Derby 4 LLC
Marcucio,philip
Warranty Deed
—
Mar 1, 2011
—
Marcucio Gardens LLC
—
Deed Of Trust
related
$462,000 · Farm Credit East Aca
Mar 16, 1998
$80,000
Philip Marcucio
Cornfield Assoc LLC
Warranty Deed
$68,000 · Zenon Grzybowski
Sep 26, 1997
$150,000
Philip Marcucio
Nelson Robert G Est
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.
Try Rey
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