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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Turn key restaurants
58 Frontage Rd East Haven, CT 06512-2103
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0918576
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,384 SF
Lot
0.47 ac (20,473 SF)
Zoning code
CA-1
APN
EHAV M:230 B:3111 L:003
UPID
US15-0918576
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
-
It's Just Wings Restaurant
-
Chili's Grill & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$960k
Blend (final)
Blend
$890k
Owner & transaction history
Frontage Shopping Ctr LLC · 22 yrs held
Frontage Shopping Ctr LLC
since 2004
6 recorded transactions
Zoning & alternative use
CA-1 · East Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 East Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
RESTAURANT
$935,000
Current use
COMMERCIAL (GENERAL)
$810,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$139 / 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
$31,535
Tax year 2023
Assessed value
$1,010,730
Assessed 2023
Previous assessed
$1,010,730
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$232,750
Assessed improvement
$777,980
Applied tax rate
326.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
1
Total area
6,384 SF
Lot
0.47 ac (20,473 SF)
Zoning code
CA-1
APN
EHAV M:230 B:3111 L:003
UPID
US15-0918576
Jurisdiction
EAST HAVEN
Zoning & alternative use
CA-1 · East Haven, CT
Zoning CA-1 · permitted uses
CA-1 · East Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$810,000
RESTAURANT Current
COMMERCIAL (GENERAL)
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Frontage Shopping Ctr LLC
Entity
Mailing address
1211 CHAPEL ST, NEW HAVEN, CT 06511-4784
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2004
—
Frontage Shopping Ctr LLC
—
Deed Of Trust
related
$367,000 · New Haven Savings Bank
Dec 4, 2002
—
Friendly Ice Cream Corp
—
Deed Of Trust
related
$30,000,000 · Fleet National Bank
Oct 14, 1999
—
LP 2 Nerc
—
Deed Of Trust
related
$450,000 · Ffca Acquisition Corp
Dec 22, 1997
—
Frontage Shopping Cntr
—
Deed Of Trust
related
$900,000 · New Haven Savings Bank
Apr 5, 1990
—
Friendly Ice Cream
—
Deed Of Trust
related
$152,100,000 · Bancboston Mortgage Corp
Mar 17, 1988
—
Frontage Rd Shop Ctr
—
Deed Of Trust
related
$150,000 · Connecticut National 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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