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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Warehouses
631 Washington Ave North Haven, CT 06473-1122
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0338165
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Construction
FRAME
Total area
7,550 SF
Lot
0.69 ac (30,056 SF)
Zoning code
IL30
APN
NRHV M:100 L:010
UPID
US15-0338165
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
-
A to Z Rental Center (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$463k
Blend (final)
Blend
$580k
Owner & transaction history
1 Precision Rd LLC · 2 yrs held
1 Precision Rd LLC
since 2024
Last sale
$580,000
1 recorded transaction
Zoning & alternative use
IL30 · North Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ADOPTED REGS 2-5-07.doc
Top alternative use upside
Office building
$895,000
+102.0%
Commercial (general)
$850,000
+91.5%
Retail stores
$820,000
+84.4%
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 North Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$445,000
Current use
OFFICE BUILDING
$895,000
Change: +102% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$820,000
Change: +84% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$790,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$685,000
Change: +54% · Conversion: Easy
INDUSTRIAL (GENERAL)
$535,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $580k (Apr 2 2024)
Last sale anchor
$580k
Apr 2 2024
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
$77 / 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
$8,606
Tax year 2023
Assessed value
$263,590
Assessed 2023
Previous assessed
$263,590
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$224,000
Assessed improvement
$39,590
Applied tax rate
307.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
7,550 SF
Lot
0.69 ac (30,056 SF)
Zoning code
IL30
APN
NRHV M:100 L:010
UPID
US15-0338165
Jurisdiction
NORTH HAVEN
Zoning & alternative use
IL30 · North Haven, CTZoning IL30 · permitted uses
IL30 · North Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ADOPTED REGS 2-5-07.doc
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$445,000
OFFICE BUILDING
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$850,000
RETAIL STORES
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$685,000
INDUSTRIAL (GENERAL)
Est. value
$535,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1969
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
1 Precision Rd LLC
Entity
Mailing address
1155 RTE 9TH AVE, WAPPINGERS FALLS, NY 12590-4961
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2024
$580,000
1 Precision Rd LLC
631 Washington Ave LLC
Warranty Deed
$380,000 · 631 Wa Avenue LLC
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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