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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Manufacturing properties
5 Philip Pl North Haven, CT 06473-1607
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0476985
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
FRAME
Total area
8,240 SF
Lot
0.55 ac (23,958 SF)
Zoning code
IL30
APN
NRHV M:066 L:020
UPID
US15-0476985
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
-
Universal Metalworks Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$434k
Blend (final)
Blend
$545k
Owner & transaction history
Wilde Property Mgmt LLC · 3 yrs held
Wilde Property Mgmt LLC
since 2022
Last sale
$560,000
3 recorded transactions
Zoning & alternative use
IL30 · North Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$895,000
+53.4%
Apartment house (5+ units)
$865,000
+48.0%
Auto repair, garage
$745,000
+28.3%
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 North Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$530,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$585,000
Current use
RETAIL STORES
$895,000
Change: +53% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$865,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: +28% · Conversion: Easy
WAREHOUSE, STORAGE
$485,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $560k (Aug 17 2022)
Last sale anchor
$560k
Aug 17 2022
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
$66 / 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
$6,970
Tax year 2023
Assessed value
$213,480
Assessed 2023
Previous assessed
$213,480
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$70,000
Assessed improvement
$143,480
Applied tax rate
307.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1962
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Total area
8,240 SF
Lot
0.55 ac (23,958 SF)
Zoning code
IL30
APN
NRHV M:066 L:020
UPID
US15-0476985
Jurisdiction
NORTH HAVEN
Zoning & alternative use
IL30 · North Haven, CT
Zoning IL30 · permitted uses
IL30 · North Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$585,000
RETAIL STORES
Est. value
$895,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$485,000
INDUSTRIAL (GENERAL) Current
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
1962
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Wilde Property Mgmt LLC
Entity
Mailing address
5 PHILIP PL, NORTH HAVEN, CT 06473-1607
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2022
$560,000
Wilde Property Mgmt LLC
Steve Olajos
Warranty Deed
$335,000 · Steven Olajos
Dec 28, 2007
—
Louis Giangola
—
Deed Of Trust
related
$315,000 · Alliance Mortgage
Sep 28, 1987
$340,000
Steven Oljor
Kronberg,david L
Grant Deed
$300,000 · Ct Natl Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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