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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Office buildings
55 Middletown Ave North Haven, CT 06473-3936
Entity Owned
14-yr Hold
Free & Clear
Property ID
US15-0150710
Property summary
AI-generated overview
This exceptional 1400-square-foot office space is available for lease in a well-maintained, two-story building located on Middletown Avenue in North Haven, New Haven County. The single-tenant space is situated on the second floor and offers excellent visibility and high traffic due to its prime location. The building features ample parking for tenants and employees, a significant advantage in this busy area. The property is equipped with solar panels, contributing to energy efficiency and sustainability. Currently configured with eight private offices, the layout is highly adaptable to suit a variety of professional needs. The space is ideal for a range of businesses, including medical practices (doctors, chiropractors, therapists), legal firms, accounting or insurance agencies, and financial institutions. Its versatile design allows for customization to meet specific business requirements. The building enjoys a strong tenant base, creating a desirable and thriving professional environment. This North Haven location offers easy access to major highways, ensuring convenient commuting for employees and clients. Inquire now to schedule a viewing and explore the possibilities this exceptional office space presents.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
FRAME
Total area
7,743 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CB20
APN
NRHV M:003 L:014
UPID
US15-0150710
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
-
Granite Communications Inc Telecommunications Service
-
G E Pharma Llc Pharmacy
-
The Maids in South Central Connecticut Hardware & Home Improvement
-
DigitalMint Bitcoin ATM Teller Window Atm Currency Exchange Service
-
Ffc Financial Center Check Cashing
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$870k
Owner & transaction history
Granite Properties Hldgs · 14 yrs held
Granite Properties Hldgs
since 2012
7 recorded transactions
Zoning & alternative use
CB20 · North Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ADOPTED REGS 2-5-07.doc
Top alternative use upside
Restaurant
$1.1M
+23.0%
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
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
OFFICE BUILDING
$920,000
Current use
RESTAURANT
$1,130,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$870,000
Change: -5% · Conversion: Easy
RETAIL STORES
$840,000
Change: -9% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$810,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$112 / 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
$17,652
Tax year 2023
Assessed value
$540,650
Assessed 2023
Previous assessed
$540,650
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$106,360
Assessed improvement
$434,290
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Total area
7,743 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CB20
APN
NRHV M:003 L:014
UPID
US15-0150710
Jurisdiction
NORTH HAVEN
Zoning & alternative use
CB20 · North Haven, CTZoning CB20 · permitted uses
CB20 · North Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ADOPTED REGS 2-5-07.doc
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$920,000
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$870,000
RETAIL STORES
Est. value
$840,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$810,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1968
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Granite Properties Hldgs
Entity
Free & Clear · 14 yrs held
Mailing address
55 MIDDLETOWN AVE STE #1, NORTH HAVEN, CT 06473-3936
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2012
$1
Granite Properties Hldgs
Nfps
Grant Deed
related
—
Mar 13, 2012
—
Granite Properties Hldgs
—
Deed Of Trust
related
$400,000 · Alpha Mortgage Corp
Feb 6, 2012
$1
Wells Fargo Bank NA
Hubert B Bradburn T
Grant Deed
related
—
Jan 5, 2010
—
Fargo Bk Wells
Destefano,robert
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jan 7, 2009
$1
First Atlantic Prop Mgmt
Destefano,robert
Grant Deed
related
—
Jul 10, 2003
$430,000
Robert Destefano
Statewide Const INC
Warranty Deed
$487,000 · Cit Small Business Lending Co
Jan 2, 2001
$175,000
Statewide Const INC
New Haven Orthopaedic
Warranty Deed
$100,000 · Zwi Kohorn
Nov 30, 1987
$525,000
Norman Kaplan
Parillo,fred M
Grant Deed
—
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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