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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Industrial properties
550 Is Ln West Haven, CT 06516-7515
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0617689
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Construction
STEEL FRAME
Total area
11,072 SF
Lot
3.31 ac (144,184 SF)
Zoning code
LM
APN
WHAV M:0024 B:0069 L:0000
UPID
US15-0617689
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
-
Dunstan Plumbing Repair Plumbing Service General Contractor
-
RX Surface Protection Solutions Business To Business Service
-
Aiken landscaping llc Landscaping General Contractor
-
AUTOMOBILIA AUTO SALON Interior Design Auto Repair Shop
-
Mb4 Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
$945k
Blend (final)
Blend
$1.57M
Owner & transaction history
Jones Hldg Co LLC · 3 yrs held
Jones Hldg Co LLC
since 2022
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
LM · West Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+114.4%
Office building
$1.2M
+58.3%
Apartment house (5+ units)
$1.2M
+58.0%
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 West Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$1,515,000
ML approach
$1,480,000
CAP Approach
CAP Return
Estimation
6%
$1,765,000
6.5%
$1,630,000
7%
$1,515,000
Alternative Use
Use
Estimation
RESTAURANT
$1,620,000
Change: +114% · Conversion: Difficult
OFFICE BUILDING
$1,195,000
Change: +58% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,195,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$1,175,000
Change: +56% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,080,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,005,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $1.60M (Oct 28 2022)
Last sale anchor
$1.60M
Oct 28 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
$141 / 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
$20,956
Tax year 2023
Assessed value
$464,660
Assessed 2023
Previous assessed
$464,660
+0.0% YoY
Effective rate
4.51%
On assessed value
Assessed land
$134,400
Assessed improvement
$330,260
Applied tax rate
311.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
11
Rooms
1
Total area
11,072 SF
Lot
3.31 ac (144,184 SF)
Zoning code
LM
APN
WHAV M:0024 B:0069 L:0000
UPID
US15-0617689
Jurisdiction
WEST HAVEN
Zoning & alternative use
LM · West Haven, CT
Zoning LM · permitted uses
LM · West Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
11
Rooms
1
Lot
3.31 ac
Current owner
From public records · entity-resolved
Jones Hldg Co LLC
Entity
Mailing address
550 IS LN, WEST HAVEN, CT 06516-7515
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
$1,600,000
Jones Hldg Co LLC
Island Lane Associates
Warranty Deed
$1,349,000 · Webster Bank
Aug 15, 2007
$600,000
Island Lane Assoc LLC
Standish Construction LLC
Warranty Deed
—
Aug 29, 2002
$150,000
Standish Const LLC
Dry Assoc INC
Warranty Deed
—
Jul 31, 1998
$139,000
Drv Assoc LLC
Korowotny,cheryl L
Warranty Deed
$89,000 · Zenon Grzybowski
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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