Individually Owned 
For Lease
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588 Boston Post Rd, Guilford, CT 06437
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Property summary
AI-generated overview
The property is a renovated retail building totaling approximately 9,396 square feet, situated on a 0.67-acre site. It includes built-out mezzanine offices, a loading dock, and ceiling heights ranging from about 23 to 26 feet. The building is fully air-conditioned and is equipped with a sprinkler system installed in 2024. Electrical service includes 400 amp, 3-phase power, and the property is served by parking at an approximate ratio of 3.5 spaces per 1,000 square feet. It has approximately 121.5 feet of frontage on Route 1 and reports approximately 13,000 ADT, with convenient access to I-95 Exit 59.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
STEEL FRAME
Total area
9,396 SF
Lot
0.67 ac (29,185 SF)
Zoning code
TS
APN
GUIL M:48023
UPID
US15-0466929
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Department Store
-
Home Decor Store (Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$609k
Blend (final)
Blend
$910k
Owner & transaction history
since 2020
Last sale
$875,000
5 recorded transactions
Zoning & alternative use
TS · Guilford, CT
Top alternative use upside
Restaurant
$1.4M
+34.8%
Office building
$1.2M
+16.7%
Commercial (general)
$1.1M
+3.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$910k
Value range
$819k – $1.00M
±10% around blend
Estimated value / SF
$97 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$819k
blend $910k
$1.00M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,396 SF
Lot area
0.67 ac
Year built
1960
Stories
1
APN
GUIL M:48023
Zoning
TS
Assessed value
$612,290
Annual tax
$15,846
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$609k
Range $595k – $1.45M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$910k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 117 sales
$108
-11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $97/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+35%
vs current-use indication
Office Building
Commercial (general)
Retail Stores · current use
Apartment House (5+ Units)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$875k
Move the market yield to see immediate price impact.
Value / SF
$93
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$55k
$1.10M
$787k
$613k
$61k
$1.23M
$875k
$681k
$67k
$1.35M
$962k
$749k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,846
Tax year 2023
Assessed value
$612,290
Assessed 2023
Previous assessed
$565,810
+8.2% YoY
Effective rate
2.59%
On assessed value
Assessed land
$189,000
Assessed improvement
$423,290
Applied tax rate
325.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Rooms
6
Bathrooms
1
Total area
9,396 SF
Lot
0.67 ac (29,185 SF)
Zoning code
TS
APN
GUIL M:48023
UPID
US15-0466929
Jurisdiction
GUILFORD
Zoning & alternative use
TS · Guilford, CTZoning TS · permitted uses
TS · Guilford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Rooms
6
Bathrooms
1
Lot
0.67 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
TS
Jurisdiction
Guilford, CT
Recorded code
TS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TS in Guilford, CT.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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