Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    550 Main St Ste, Unit 30 Branford, CT 06405-2948

    • Office Properties & Spaces
    • 1,820 SF
    OFF-MARKET
    Value Estimations
    $210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0307390
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 550 Main St Ste

    Year built
    1988
    Construction
    STEEL FRAME
    Property size
    1,820 SF
    Property type
    Office Properties & Spaces
    APN
    BRAN M:H04-000 B:004 L:4 U:30
    APU
    BRANMH04000B004L4U30

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $171,000
      Market price range: $136k - $307k
      AI Estimate
      $347,000
      Market price range: $246k - $531k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $205,000
      Current use
      COMMERCIAL (GENERAL)
      $275,000
      Change: +36% Conversion: Easy
      RETAIL STORES
      $195,000
      Change: -3% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $165,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Branford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.7669
    Latitude
    41.2987
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,808
    $0.00
    $127,400
    $127,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      12,800 SF

      144 Main St

      Medical offices • 12,800 SF
      144 Main St, Branford, CT 06405
      View Details
    • Value Estimation
      $265,000
      588 SF

      5 Main St, Unit 513

      CONDOMINIUM OFFICES • 588 SF
      5 Main St, Branford, CT 06405-3800
      View Details
    • Value Estimation
      $270,000
      1,280 SF

      144 Main St Ste, Unit 2

      CONDOMINIUM OFFICES • 1,280 SF
      144 Main St Ste, Branford, CT 06405-3044
      View Details
    • Value Estimation
      $260,000
      1,120 SF

      540 Main St Ste, Unit 3

      CONDOMINIUM OFFICES • 1,120 SF
      540 Main St Ste, Branford, CT 06405-2946
      View Details
    • Value Estimation by Request
      47,770 SF

      36 Industrial Rd

      Life science properties • 47,770 SF
      36 Industrial Rd, Branford, CT 06405
      View Details
    • Value Estimation
      $270,000
      400 SF

      7 Main St, Unit 701

      CONDOMINIUM OFFICES • 400 SF
      7 Main St, Branford, CT 06405-3848
      View Details

    Similar Nearby for Sale

    • $398,500
      1,713 SF

      Prime Branford Office Space

      1,713 SF Office, Excellent Location
      127 Cedar St, Branford, CT 06405
      View Details
    • $639,900

      Professional Office Building Near Green

      Architecturally significant office building one block from Branford Town Green.
      71 Cedar St, Branford, CT 06405
      View Details
    • $799,999
      2,325 SF

      Branford Commercial Building on 1.75 Acres

      Well-maintained, renovated commercial building suitable for medical offices or businesses.
      85 School Ground Rd, Branford, CT 06405
      View Details
    • New
      $869,000
      3,416 SF

      Mixed-Use Property Near Downtown Branford

      Mixed-use property with income potential near downtown Branford.
      53 Montowese St, Branford, CT 06405
      View Details
    • $250,000
      1,310 SF

      Branford Medical Office Condo For Sale

      1,310 SF medical office condo in excellent location.
      5 S Main St, Branford, CT 06405
      View Details
    • $325,000

      Office/Retail Space with Garage Bay

      Office/retail condo with garage bay and updated interior.
      540 E Main St, Branford, CT 06405
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      47,770 SF

      Branford Industrial Flex Space

      Prime Branford flex space, I-95 access.
      36 Industrial Rd, Branford, CT 06405
      View Details
    • $18 SF/Yr
      25,450 SF

      Branford Retail/Office Space

      Prime Branford location, 1600+ sqft available
      288 Main St, Branford, CT 06405
      View Details
    • $13 SF/Yr
      4,000 SF

      Branford Industrial Warehouse Space

      800 SF Warehouse For Lease in Prime Location
      53 Industrial Rd, Branford, CT 06405
      View Details
    • $9 SF/Yr
      54,000 SF

      31 Business Park Drive - 7,080 SF

      Office Properties & Spaces • 54,000 SF
      31 Business Park Dr, Branford, CT 06405
      View Details
    • $16 SF/Yr
      12,800 SF

      Branford Medical Office Space

      1,280 SF Medical Office Suite Available
      144 Main St, Branford, CT 06405
      View Details
    • $1,125 /Mo
      650 SF

      Move-in Ready Office Suite

      Second-floor office suite in Branford, ideal for professionals.
      765 E Main St, Branford, CT 06405
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    550 Main St Ste, Unit 30
    Branford, CT 06405-2948
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.