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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Investment properties
50 Cherry St Milford, CT 06460-3487
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US15-0769486
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1986
Construction
FRAME
Total area
11,868 SF
Lot
1.07 ac (46,617 SF)
Zoning code
RO
APN
MILF M:66 B:822 L:40
UPID
US15-0769486
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
-
Edmund Q. Collier, Trial Lawyer, LLC Law Firm
-
RJ Testo & Associates Consultant
-
Dr. Michael Rayher Physician
-
Lighthouse Vision Physician
-
Dr. Stephen Dincher Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.71M
Owner & transaction history
50 Cherry Street LLC · 13 yrs held
50 Cherry Street LLC
since 2013
6 recorded transactions
Zoning & alternative use
RO · Milford, 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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
COMMERCIAL (GENERAL)
$1,920,000
Current use
RESTAURANT
$1,735,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±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
$144 / 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
$64,189
Tax year 2023
Assessed value
$2,362,510
Assessed 2023
Previous assessed
$2,362,510
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$655,900
Assessed improvement
$1,706,610
Applied tax rate
333.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
2
Stories
3
Units
7
Bathrooms
4
Total area
11,868 SF
Lot
1.07 ac (46,617 SF)
Zoning code
RO
APN
MILF M:66 B:822 L:40
UPID
US15-0769486
Jurisdiction
MILFORD
Zoning & alternative use
RO · Milford, CT
Zoning RO · permitted uses
RO · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RESTAURANT
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1986
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
2
Units
7
Bathrooms
4
Lot
1.07 ac
Current owner
From public records · entity-resolved
50 Cherry Street LLC
Entity
Mailing address
PO BOX 1027, ORANGE, CT 06477-7027
Ownership since
2013
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
Mar 28, 2013
$1,000,000
50 Cherry Street LLC
Alden Associates LLC
Warranty Deed
—
Mar 28, 2013
—
50 Cherry Street LLC
—
Deed Of Trust
related
$700,000 · Alden Associates LLC
Sep 6, 2006
$1
Alden Assoc
Alden Assoc
Grant Deed
related
—
May 21, 1993
$400,000
Alden Assoc
Pb Re INC
Grant Deed
$320,000 · Peoples Bank
Dec 24, 1991
—
John D Bicknese
—
Deed Of Trust
related
$32,000 · Citibank NA
Jun 11, 1987
—
Gerard B Patton
—
Deed Of Trust
related
$1,200,000 · Peoples 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.
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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