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480 Short Bch Rd East Haven, CT 06512-3821

OFF-MARKET Parking lots & garages Google Maps
17,486 SF 3.75 ac lot Built 1990
Individually Owned 12-yr Hold ~ Est. High Equity
Estimated value (blended)
$325k
Range $293k – $358k (±10%)
Property ID US15-1304531

Property summary

AI-generated overview

This exceptional 17,486 square foot warehouse, situated on a 3.75-acre lot in East Haven, CT (06512), presents a unique owner-user opportunity. The property, built in 1990 and renovated in 2021, boasts 12,160 square feet of industrial space and 5,326 square feet of office space, all under a single unit. The asking price is $2,350,000, translating to $134.39 per square foot. Features include a 26-foot ceiling height, a fenced-in 2-acre yard ideal for vehicle storage, gas-fired radiant heat, and energy-efficient LED lighting. The property includes all existing equipment, alarm, and camera systems, and comes with existing repair and sales licenses. Conveniently located at 480 Short Beach Rd, this LI-2 zoned property offers easy access to major transportation routes. This turnkey operation is perfect for an industrial or automotive business seeking immediate occupancy and operational efficiency. The property is ready for a seamless transition to a new owner.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1990
Construction STEEL FRAME
Total area 17,486 SF
Lot 3.75 ac (163,350 SF)
Zoning code LI-2
APN EHAV M:160 B:1615 L:005
UPID US15-1304531

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$325k

Owner & transaction history

since 2013
7 recorded transactions
2017
Price N/A
2013
$830,000
2012
Price N/A
1992
Price N/A
1989
Price N/A
1989
$180,000
1987
$170,000

Zoning & alternative use

LI-2 · East Haven, CT
Zoning description

Light Industrial District 2 LI-2 Light Industrial District 3 LI-3 Planned Elderly Facilities District PEFD Planned Elderly Assisted Living Facility PEALF Shoreline Development District #1 S-1 Shoreline Development Area S…

General category INDUSTRIAL
Top alternative use upside
Office building $1.9M +30.8%
Apartment house (5+ units) $1.9M +30.6%
Retail stores $1.9M +28.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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