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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    588 Boston Post Rd Guilford, CT 06437

    • Retail space
    • 9,396 SF
    • 0.67 lot acres
    For Sale
    View listing
    $1,950,000
    Last Sale
    Oct 21, 2020
    $875,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0466929
    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

    • Stigma and Style / Store
    • Mike and Daves antique shop / Antique Store / Consignment Shop

    Property Details for 588 Boston Post Rd

    Year built
    1960
    Construction
    STEEL FRAME
    Lot size
    0.67 lot acres
    Property size
    9,396 SF
    Zone code
    TS
    Property type
    Retail space
    APN
    GUIL M:48023
    APU
    GUILM48023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $910,000
      ML approach
      $950,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $609,000
      Market price range: $595k - $1.45M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,020,000
      Current use
      RESTAURANT
      $1,375,000
      Change: +35% Conversion: Easy
      OFFICE BUILDING
      $1,190,000
      Change: +17% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,060,000
      Change: +4% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $985,000
      Change: -4% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $850,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Guilford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.668
    Latitude
    41.2883
    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
    $15,846
    $189,000
    $423,290
    $612,290
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $910,000
      11,194 SF

      620 Boston Post Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,194 SF
      620 Boston Post Rd, Guilford, CT 06437-2792
      View Details
    • Value Estimation
      $1,435,000
      15,158 SF

      934 Boston Post Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,158 SF
      934 Boston Post Rd, Guilford, CT 06437-2713
      View Details
    • Value Estimation
      $1,080,000
      10,110 SF

      89 Whitfield St

      RETAIL STORES (PERSONAL SERVICES) • 10,110 SF
      89 Whitfield St, Guilford, CT 06437-2631
      View Details
    • Value Estimation
      $655,000
      8,780 SF

      11 Water St

      RETAIL STORES (PERSONAL SERVICES) • 8,780 SF
      11 Water St, Guilford, CT 06437-2861
      View Details
    • Value Estimation
      $610,000
      5,644 SF

      381 Boston Post Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,644 SF
      381 Boston Post Rd, Guilford, CT 06437-2900
      View Details
    • Value Estimation
      $1,185,000
      4,100 SF

      439 Boston Post Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,100 SF
      439 Boston Post Rd, Guilford, CT 06437-2931
      View Details

    Similar Nearby for Sale

    • $1,950,000
      9,396 SF

      Renovated Retail Building on Route 1

      9,396 SF renovated retail building with convenient highway access.
      588 Boston Post Rd, Guilford, CT 06437
      View Details
    • $395,000
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      Historic Guilford Building by Millpond

      Unique retail opportunity in historic Guilford with business potential.
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    • Contact for pricing
      Pending

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      Waterfront development site with potential for mixed-use in Guilford, CT.
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      View Details
    • $499,000

      Redevelopment Site on 1.18 Acres

      1.18± acre redevelopment site near I-95 and retailers.
      522 Boston Post Rd, Guilford, CT 06437
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    • $2,200,000

      Specialty Property For Sale

      Specialty property available for purchase.
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      Tamarack Lane Land For Sale

      Land for sale on Tamarack Lane, Guilford, CT.
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    Similar Nearby for Lease

    • $55 SF/Yr
      1,500 SF

      Retail/Office Space on Guilford Green

      Prime retail or office space with high visibility and foot traffic.
      89 Whitfield St, Guilford, CT 06437
      View Details
    • $25 SF/Yr
      1,925 SF

      Retail, Office, or Restaurant Space

      1925 SF space on high-traffic Boston Post Road.
      1200 Boston Post Rd, Guilford, CT 06437
      View Details
    • $21,250
      6,613 SF

      Waterfront Office/Restaurant Opportunity

      Versatile waterfront property suitable for office, restaurant, or marine use.
      506 Whitfield St, Guilford, CT 06437
      View Details
    • Contact for pricing
      3,128 SF

      Professional Office Space For Lease

      Office space for lease with excellent visibility and access.
      157 Goose Ln, Guilford, CT 06437
      View Details
    • $985 /Mo
      940 SF

      Guilford Office Space For Rent

      Professional office space available on Boston Post Road in Guilford.
      2415 Boston Post Rd, Guilford, CT 06437
      View Details
    • $1,250 /Mo
      1,100 SF

      Charming Guilford Office Suites Available

      Three office suites for sublease with utilities and internet included.
      350 Goose Ln, Guilford, CT 06437
      View Details
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    Guilford, CT 06437
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    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
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