Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    688 Main St Branford, CT 06405-2971
    Back to Search
    Property profile & analytics

    688 Main St, Branford, CT 06405-2971

    View on Map
    • Industrial properties
    • 35,875 SF
    • 4.63 lot acres
    Off-Market
    Last Sale May 26, 2022
    $3,750,000
    Property ID
    US15-0558163
    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.
    Value Estimations
    $3,630,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FreeThink Technologies Inc. / Factory / Production Facility
    • Irina G Rosewater / Physician
    • KAREN MORIARTY / Physician
    • Wren Laboratories LLC / Medical Clinic
    • Kathryn Peterson / Physician

    Property Details for 688 Main St

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    4.63 lot acres
    Property type
    Industrial properties
    APN
    BRAN M:J03-000 B:001 L:00002
    APU
    BRANMJ03000B001L00002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 26, 2022 $3,750,000 688 East Main Street LLC Parish Farm Partners LLC Warranty Deed $2.8M · Essex Savings Bank
    Jul 26, 2018 — Parish Farm Ptrs LLC Bell,jane Quit Claim Deed · related —
    Dec 17, 2013 $900,000 Api Realty LLC Parish Farm Partners LLC Warranty Deed $2M · Guilford Savings Bank
    Apr 25, 2012 $765,000 Massey Properties LLC Parish Farm Partners LLC Warranty Deed —
    Jan 26, 2010 — William C Vanwilgen — Deed Of Trust · related $198k · Farm Credit Connecticut
    Apr 6, 2009 — William C Vanwilgen — Deed Of Trust · related $2.2M · First Pioneer Farm Credit Aca
    Mar 14, 2008 — William C Vanwilgen — Deed Of Trust · related $2.3M · First Pioneer Farm Credit Aca
    Nov 24, 2004 — William C Vanwilgen — Deed Of Trust · related $550k · First Pioneer Farm Credit Aca
    Sep 26, 2002 — Parish Farm Partne LLC — Deed Of Trust · related $2.5M · Citizens Bank Of Ct
    May 4, 2001 $283,904 Parish Farms Ptnrs LLC Harrison,margaret C Warranty Deed —
    May 4, 2001 $933,333 Parish Farms Ptnrs LLC Nf&w Cooke LP Warranty Deed —
    May 4, 2001 $182,762 Parish Farms Ptnrs LLC Virginia P Cooke T Deed Of Trust · related —
    Apr 29, 1998 — Nf LP — Deed Of Trust · related $100k · Einbinder Family LP
    — — William C Vanwilgen — Deed Of Trust · related $315k · Farm Credit Svcs
    — — Api Realty LLC — Deed Of Trust · related $1.7M · Community Inv

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,550,000
      ML approach
      $3,480,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,614,000
      Market price range: $1.56M - $3.70M
      AI Estimate
      $5,049,000
      Market price range: $941k - $5.51M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,535,000
      Current use
      COMMERCIAL (GENERAL)
      $5,460,000
      Change: +115% Conversion: Difficult
      RESTAURANT
      $5,245,000
      Change: +107% Conversion: Difficult
      OFFICE BUILDING
      $4,015,000
      Change: +58% Conversion: Difficult
      RETAIL STORES
      $3,890,000
      Change: +53% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $3,755,000
      Change: +48% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,255,000
      Change: +28% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Branford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.7562
    Latitude
    41.3051
    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
    $79,842
    $558,000
    $2,113,200
    $2,671,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      21.50 Acres

      49-111 Commercial Pkwy

      Distribution properties
      49-111 Commercial Pkwy, Branford, CT 06405
      View Details
    • Value Estimation by Request
      1,625 SF

      540 Main St Ste, Unit 9

      CONDOMINIUMS (INDUSTRIAL)
      540 Main St Ste, Branford, CT 06405-2946
      View Details
    • Value Estimation
      $840,000
      6,036 SF

      125 Branford Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      125 Branford Rd, Branford, CT 06405-2810
      View Details
    • Value Estimation
      $630,000
      5,841 SF

      101 Branford Rd

      INDUSTRIAL (GENERAL)
      101 Branford Rd, Branford, CT 06405-2810
      View Details
    • Value Estimation by Request
      2.41 Acres

      26 Industrial Rd

      INDUSTRIAL (GENERAL)
      26 Industrial Rd, Branford, CT 06405-6507
      View Details
    • Value Estimation by Request
      2,000 SF

      7 School Ground Rd

      INDUSTRIAL (GENERAL)
      7 School Ground Rd, Branford, CT 06405-2836
      View Details

    Similar Nearby for Sale

    • $5,250,000
      67,809 SF

      Industrial Manufacturing Building For Sale

      67,839 SF industrial building in Branford, CT for sale.
      8-14 Baldwin Dr, Branford, CT 06405
      View Details
    • Contact for pricing
      3,036 SF

      Branford Mixed-Use Development Opportunity

      3-acre portfolio with mixed-use properties in downtown Branford.
      473 Main St, Branford, CT 06405
      View Details
    • $3,000,000
      6,523 SF

      Branford Mixed-Use Development Opportunity

      3-acre portfolio near train, I-95, shopping, and historic center.
      473-497 Main St, Branford, CT 06405
      View Details
    • $900,000
      10,520 SF

      Industrial Facility Near Stony Creek

      10,520 SF industrial facility near train and brewery.
      4-6 Indian Neck Ave, Branford, CT 06405
      View Details
    • $3,000,000
      3.10 Acres

      Branford Mixed-Use Development Opportunity

      3-acre portfolio with mixed-use potential in downtown Branford.
      473-497 Main St, Branford, CT 06405
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Branford Flex / Lab Space

      Office, flex, and laboratory space available for lease.
      36 E Industrial Rd, Branford, CT 06405
      View Details
    • Contact for pricing
      29,567 SF

      Branford Brewery and Restaurant Facility

      29,567 SF brewery with restaurant and tasting room.
      16 Business Park Dr, Branford, CT 06405
      View Details
    • Contact for pricing

      Industrial Space Near I-95

      Small industrial space for lease near I-95 in Branford.
      83 School Ground Rd, Branford, CT 06405
      View Details
    • $950 /Mo
      4,000 SF

      Small Industrial Space For Lease

      800 SF industrial space with 12' ceilings for lease.
      53 East Industrial Rd, Branford, CT 06405
      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.
    688 Main St
    Branford, CT 06405-2971
    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

    Thank You for Inquiry
    688 Main St, Branford, CT, 06405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!