Property profile

540 New Hvn Ave Derby, CT 06418

OFF-MARKET
Turn key restaurants
Property ID
US15-0728000
4,065 SF Built 1985
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

This retail property consists of an existing building and can also be offered for a ground lease. It is located within a commercial retail area that includes nearby established tenants such as Starbucks, Big Y, Edge Fitness, CVS, McDonald’s, Dollar Tree, Lowe’s, Webster Bank, Dunkin, and Splash.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Construction STEEL FRAME
Total area 4,065 SF
Zoning code B-1
APN DERB M:4 B:3 L:39-003673
UPID US15-0728000

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
  • Car Wash

Location

540 New Hvn Ave Derby, CT 06418-2506
Derby metro Census 120100 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
$716k
Blend (final) Blend
$385k

Owner & transaction history

since 2011
1 recorded transaction
2011
$1

Zoning & alternative use

B-1 · Derby, CT
Zoning description

§ 195-15 Business-1 (B-1) Zone. § 195-16 Business-2 (B-2) Zone. § 195-17 Industrial-I (I-1) Zone. § 195-17(A) Mill Design District (MDD) Zone § 195-18 Public and Semipublic (P) Zone. § 195-19 Hospital/Campus (H/C) Zone.

General category COMMERCIAL

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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