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Property profile & analytics
OFF-MARKET
Estimated value
$3,160,000
Showrooms
515 Boston Post Rd, Orange, CT 06477-3509
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0879202
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1969
Construction
FRAME
Total area
26,285 SF
Lot
1.48 ac (64,469 SF)
Zoning code
C-2
APN
ORAN M:6 B:2 L:8A
UPID
US15-0879202
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
-
R A C Acceptance Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$3.16M
Owner & transaction history
515 Boston Post Rd Land H · 2 yrs held
515 Boston Post Rd Land H
since 2024
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
C-2 · Orange, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+29.8%
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 Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange 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
$3,160,000
ML approach
$3,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,960,000
Current use
RESTAURANT
$3,845,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$2,940,000
Change: -1% · Conversion: Easy
RETAIL STORES
$2,850,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,750,000
Change: -7% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,385,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.16M
Range $2.84M – $3.48M · ±10% · vs last sale $3.16M (Mar 7 2024)
Last sale anchor
$3.16M
Mar 7 2024
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
$120 / 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
$112,077
Tax year 2023
Assessed value
$3,468,800
Assessed 2023
Previous assessed
$3,468,800
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$521,500
Assessed improvement
$2,947,300
Applied tax rate
336.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1969
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
20
Total area
26,285 SF
Lot
1.48 ac (64,469 SF)
Zoning code
C-2
APN
ORAN M:6 B:2 L:8A
UPID
US15-0879202
Jurisdiction
ORANGE
Zoning & alternative use
C-2 · Orange, CT
Zoning C-2 · permitted uses
C-2 · Orange, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orange. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
RESTAURANT
Est. value
$3.8M
OFFICE BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1969
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
20
Lot
1.48 ac
Current owner
From public records · entity-resolved
515 Boston Post Rd Land H
Individual
Mailing address
3802 N DUPONT HWY, NEW CASTLE, DE 19720-6309
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
$3,161,000
515 Boston Post Rd Land H
515 Boston Post Rd Assoc
Warranty Deed
$2,325,000 · Fulton Bank
Oct 20, 2003
—
315 Boston Post Rd LLC
—
Deed Of Trust
related
$2,180,000 · Morgan Stanley Dean
Apr 3, 2000
$3,250,000
Boston Post Rd Asc LLC
Kahanico LLC
Warranty Deed
$2,800,000 · Fleet National Bank
Sep 14, 1990
—
Kahanico Assoc
—
Deed Of Trust
related
$1,000,000 · New Haven Savings 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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