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Property profile & analytics
OFF-MARKET
Estimated value
$12,060,000
Industrial properties
734 Naugatuck Ave Milford, CT 06461-2915
Entity Owned
26-yr Hold
Free & Clear
Property ID
US15-0335277
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1924
Total area
118,788 SF
Lot
33.87 ac (1,475,377 SF)
Zoning code
HDD
APN
MILF M:31 B:300 L:1
UPID
US15-0335277
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
-
ArcLight Devon Power LLC Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.26M
Blend (final)
Blend
$12.06M
Owner & transaction history
Devon Power LLC · 26 yrs held
Devon Power LLC
since 1999
1 recorded transaction
Zoning & alternative use
HDD · Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.9M
+113.4%
Restaurant
$17.4M
+106.8%
Office building
$13.3M
+58.2%
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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,400,000
Current use
COMMERCIAL (GENERAL)
$17,925,000
Change: +113% · Conversion: Difficult
RESTAURANT
$17,370,000
Change: +107% · Conversion: Difficult
OFFICE BUILDING
$13,290,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$12,885,000
Change: +53% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$12,435,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,775,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$12.06M
Range $10.85M – $13.27M · ±10%
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
$102 / 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
$268,048
Tax year 2023
Assessed value
$9,865,580
Assessed 2023
Previous assessed
$9,865,580
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$2,406,870
Assessed improvement
$7,458,710
Applied tax rate
333.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1924
Heating
STEAM
Buildings
9
Units
1
Bathrooms
2
Total area
118,788 SF
Lot
33.87 ac (1,475,377 SF)
Zoning code
HDD
APN
MILF M:31 B:300 L:1
UPID
US15-0335277
Jurisdiction
MILFORD
Zoning & alternative use
HDD · Milford, CT
Zoning HDD · permitted uses
HDD · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$17.9M
RESTAURANT
Est. value
$17.4M
OFFICE BUILDING
Est. value
$13.3M
RETAIL STORES
Est. value
$12.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.4M
AUTO REPAIR, GARAGE
Est. value
$10.8M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1924
Heating
STEAM
Buildings
9
Units
1
Bathrooms
2
Lot
33.87 ac
Current owner
From public records · entity-resolved
Devon Power LLC
Entity
Free & Clear · 26 yrs held
Mailing address
PO BOX 2629, ADDISON, TX 75001-2629
Ownership since
1999
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
Dec 16, 1999
$60,318,783
Devon Power LLC
Ct Light & Power Co
Warranty Deed
—
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.
Try Rey
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