Add Listing
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

    61-65 Howe Ave Shelton, CT 06484

    • Super regional malls
    • 2,666 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2022
    $240,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0263212
    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

    • Super regional malls

    Property Details for 61-65 Howe Ave

    Year built
    1925
    Lot size
    0.12 lot acres
    Property size
    2,666 SF
    Zone code
    R-4
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    SHEL M:106 L:17
    APU
    SHELM106L17

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelton
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.0824
    Latitude
    41.3088
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, 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
    $2,503
    $34,790
    $108,500
    $143,290
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      16,000 SF

      520 Shelton Ave, Unit 534

      REGIONAL SHOPPING CENTER, MALL • 16,000 SF
      520 Shelton Ave, Shelton, CT 06484-2804
      View Details
    • Value Estimation
      $1,785,000
      104,612 SF

      472 Riv Rd, Unit 488

      REGIONAL SHOPPING CENTER, MALL • 104,612 SF
      472 Riv Rd, Shelton, CT 06484-4518
      View Details
    • Value Estimation by Request
      1,193 SF

      346 Howe Ave, Unit 348

      PARKING GARAGE, PARKING STRUCTURE • 1,193 SF
      346 Howe Ave, Shelton, CT 06484-3230
      View Details
    • Value Estimation
      $595,000
      14,554 SF

      90 Huntington St

      RETAIL STORES (PERSONAL SERVICES) • 14,554 SF
      90 Huntington St, Shelton, CT 06484-5241
      View Details
    • Value Estimation by Request
      3,246 SF

      425 Riv Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,246 SF
      425 Riv Rd, Shelton, CT 06484-4508
      View Details
    • Value Estimation by Request

      801 Bridgeport Ave

      Individual retail properties
      801 Bridgeport Ave, Shelton, CT 06484
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,193 SF

      New Retail Strip Center

      New construction retail strip center in Shelton, Connecticut.
      795 Bridgeport Ave, Shelton, CT 06484
      View Details
    • Contact for pricing
      34,007 SF

      New Retail Strip Center

      New construction retail strip center 100% leased to fourteen tenants.
      785 Bridgeport Ave, Shelton, CT 06484
      View Details
    • Contact for pricing
      13,931 SF

      New Trader Joe's in Shelton

      New construction Trader Joe’s within Fountain Square shopping center.
      775 Bridgeport Ave, Shelton, CT 06484
      View Details
    • Contact for pricing
      91,288 SF

      New Construction Shopping Center

      Grocery-anchored shopping center in a busy retail corridor.
      801 Bridgeport Ave, Shelton, CT 06484
      View Details
    • $799,000
      3,188 SF

      Downtown Shelton Bar/Cafe For Sale

      Fully equipped bar/cafe in downtown Shelton with indoor/outdoor seating.
      127 Center St, Shelton, CT 06484
      View Details
    • $250,000
      800 SF

      Established Liquor Store Opportunity

      Liquor store for sale on heavily trafficked State Road.
      443 River Rd, Shelton, CT 06484
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,663 SF

      New Retail Development in Shelton

      Retail spaces available in Fountain Square development, Shelton, CT.
      801 Bridgeport Ave, Shelton, CT 06484
      View Details
    • $1,800 /Mo

      Downtown Retail Space Available

      Prime retail space in a great downtown location.
      15 Elm St, Shelton, CT 06484
      View Details
    • $25 SF/Yr

      Free Standing Building with Drive-Thru

      Free standing building with drive-thru in Shelton Center.
      5 Huntington St, Shelton, CT 06484
      View Details
    • $25 SF/Yr
      2,580 SF

      Shelton Retail Building with Drive-Thru

      Free-standing retail building with drive-thru in Shelton Center.
      5 Huntington St, Shelton, CT 06484
      View Details
    • Contact for pricing
      1,500 SF

      Shelton Retail Space For Rent

      Retail space available in a prime commuter corridor location.
      858-902 Bridgeport Ave, Shelton, CT 06484
      View Details
    • Contact for pricing
      4,032 SF

      Retail Space with Drive-Up Window

      4,032 SF retail space with drive-up window available forrent.
      350 Bridgeport Ave, Shelton, CT 06484
      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.
    61-65 Howe Ave
    Shelton, CT 06484
    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.
    Sign Up Successful!
    You now have access to more from Realmo!