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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Turn key restaurants
480 Sherman Ave Hamden, CT 06514-1116
Individually Owned
31-yr Hold
~
Est. High Equity
Property ID
US15-0715779
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2003
Construction
FRAME
Total area
13,890 SF
Lot
4.44 ac (193,406 SF)
Zoning code
M
APN
HAMD M:3029 B:007 L:00-0000
UPID
US15-0715779
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
-
Cascade Fine Catering Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.44M
Owner & transaction history
Pietro Landino · 31 yrs held
Pietro Landino
since 1995
7 recorded transactions
Zoning & alternative use
M · Hamden, 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 Hamden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamden 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
RESTAURANT
$2,030,000
Current use
COMMERCIAL (GENERAL)
$1,715,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$104 / 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
$68,789
Tax year 2023
Assessed value
$1,220,100
Assessed 2023
Previous assessed
$1,220,100
+0.0% YoY
Effective rate
5.64%
On assessed value
Assessed land
$160,720
Assessed improvement
$1,059,380
Applied tax rate
327.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
13,890 SF
Lot
4.44 ac (193,406 SF)
Zoning code
M
APN
HAMD M:3029 B:007 L:00-0000
UPID
US15-0715779
Jurisdiction
HAMDEN
Zoning & alternative use
M · Hamden, CT
Zoning M · permitted uses
M · Hamden, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hamden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT Current
COMMERCIAL (GENERAL)
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
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
4.44 ac
Current owner
From public records · entity-resolved
Pietro Landino
Individual
Mailing address
6 ORTENSE DR, WALLINGFORD, CT 06492-3370
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2023
—
Ars Realty LLC
—
Deed
related
$1,375,000 · Key Bank NA
Apr 20, 2021
—
Ars Realty LLC
—
Deed
related
$2,308,000 · Key Bank NA
Jul 1, 2016
—
Ars Realty LLC
—
Deed
related
$1,500,000 · United Bank
Dec 8, 2004
—
Ars Realty LLC
—
Deed Of Trust
related
$642,000 · Ct Comunity Inv
Jun 19, 2003
—
Ars Rlty LLC
—
Deed Of Trust
related
$742,000 · Cit Small Business Lending Co
Feb 21, 1995
$45,000
Pietro Landino
Amba Rlty Corp
Grant Deed
—
Jul 3, 1989
$190,000
Paragon Devel INC
Singhal,anil
Grant Deed
$280,000 · American National Bank
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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