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    71 Leonardo Dr North Haven, CT 06473
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    71 Leonardo Dr, North Haven, CT 06473

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    • Commercial real estate
    For Sale
    $2,900,000
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    Industrial Land with I-91 Visibility For Sale
    $2,900,000
    20.40 Acres

    Industrial Land with I-91 Visibility

    20.40 acres of industrial land in North Haven, CT.

    71 Leonardo Drive, North Haven, CT 6473
    View Listing
    Property ID
    US15-1069729
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 71 Leonardo Dr

    Property type
    Commercial real estate

    Description

    This exceptional 20.4-acre parcel in North Haven, Connecticut, presents a compelling investment opportunity. Strategically located with direct frontage on Interstate 91, this property boasts unparalleled visibility and accessibility. The site is less than nine miles from the I-95 interchange in New Haven, providing convenient access to major transportation arteries. Zoned IL80, the land offers flexible usage potential, accommodating a wide range of commercial and industrial developments. Previous approvals for a multi-tenant industrial park demonstrate the site's suitability for either single-user or multi-user projects. The property's prominent location allows for building signage directly visible from I-91, maximizing marketing and branding opportunities. Developers will appreciate the potential for ground lease or build-to-suit arrangements. Detailed zoning information is available upon request. This is a rare opportunity to acquire a significant landholding in a thriving Connecticut market, ideally suited for a variety of commercial and industrial ventures. The asking price for this exceptional property is $2,900,000. Don't miss this chance to secure a prime location for your next project. The address is 71 Leonardo Drive, North Haven, CT 06473.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8696731
    Latitude
    41.3815118

    Comparable in this City

    • $550,000
      Pending

      North Haven Commercial Flex Space

      2052 sqft flex space with high visibility and easy access.
      157 Washington Ave, North Haven, CT 06473
      View Details
    • $1,325,000
      29,868 SF

      North Haven Industrial Investment Opportunity

      29,868 SF industrial property on 2.0 acres for sale.
      59 Old Broadway East, North Haven, CT 06473
      View Details
    • $550,000
      2,052 SF

      High Visibility Building on Washington

      2052 sqft building with overhead doors and ample parking.
      157 Washington Ave, North Haven, CT 06473
      View Details
    • $1,995,000
      47,975 SF

      North Haven Commercial/Industrial Building

      47,000 SF mixed-use building on 6.8-acre lot.
      118 Quinnipiac Ave, North Haven, CT 06473
      View Details
    • $550,000
      Pending

      High Visibility Building on Washington

      2052 SF building with overhead doors and parking.
      157 Washington Ave, North Haven, CT 06473
      View Details
    • $1,325,000

      North Haven Industrial Investment Opportunity

      Industrial property in North Haven, CT, near major highways.
      59 Old Broadway E, North Haven, CT 06473
      View Details

    Similar Nearby for Sale

    • $550,000
      Pending

      North Haven Commercial Flex Space

      2052 sqft flex space with high visibility and easy access.
      157 Washington Ave, North Haven, CT 06473
      View Details
    • $1,325,000
      29,868 SF

      North Haven Industrial Investment Opportunity

      29,868 SF industrial property on 2.0 acres for sale.
      59 Old Broadway East, North Haven, CT 06473
      View Details
    • $550,000
      2,052 SF

      High Visibility Building on Washington

      2052 sqft building with overhead doors and ample parking.
      157 Washington Ave, North Haven, CT 06473
      View Details
    • $1,995,000
      47,975 SF

      North Haven Commercial/Industrial Building

      47,000 SF mixed-use building on 6.8-acre lot.
      118 Quinnipiac Ave, North Haven, CT 06473
      View Details
    • $1,325,000
      29,868 SF

      North Haven Industrial Investment Opportunity

      Industrial property in North Haven, CT, totaling approximately 29,868 SF.
      59 Old Broadway East, North Haven, CT 06473
      View Details
    • $1,325,000
      29,868 SF

      North Haven Industrial Investment Opportunity

      29,868 SF industrial property on 2 acres for sale.
      59 Old Broadway E, North Haven, CT 06473
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Warehouse with Outdoor Storage

      15,000 SF warehouse with 2 acres for storage.
      100 Mcdermott Rd, North Haven, CT 06473
      View Details
    • $2,000 /Mo
      1,200 SF

      Warehouse Space Available For Rent

      1200 SF warehouse space with office and ample parking.
      471 Washington Ave, North Haven, CT 06473
      View Details
    • $7 SF/Yr
      16,864 SF

      Industrial Property in Wharton Brook Park

      16,864 sq ft industrial property with expansion potential.
      85 Defco Park Rd, North Haven, CT 06473
      View Details
    • $8 SF/Yr
      18,000 SF

      Industrial Facility with Interstate Access

      Multi-tenant industrial facility with immediate Interstate 91 access.
      303 State St, North Haven, CT 06473
      View Details
    • Contact for pricing
      24,000 SF

      Industrial/Flex Space with Outside Storage

      24,000 SF industrial/flex space with ample parking and storage.
      10 Middletown Ave, North Haven, CT 06473
      View Details
    View Listing
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    North Haven, CT 06473
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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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