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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Showrooms
742 Chapel St New Haven, CT 06510-3104
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0933722
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,976 SF
Lot
0.16 ac (6,756 SF)
Zoning code
BD
APN
NHVN M:240 B:0236 L:01500
UPID
US15-0933722
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
-
Softwear New Haven (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.26M
Owner & transaction history
Perry Ventures LLC · 6 yrs held
Perry Ventures LLC
since 2020
7 recorded transactions
Zoning & alternative use
BD · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district comprises the main downtown section of the city, known in planning terms as the Central Business District. Here are concentrated activities that have primarily a citywide and regional function: large stores offering comparison shopper's goods, specialty stores, business services, banks, offices, theaters, hotels and government buildings
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
105.57 ac
Source
Realmo
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 New Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±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
$94 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$52,845
Tax year 2024
Assessed value
$1,298,710
Assessed 2024
Previous assessed
$1,298,710
+0.0% YoY
Effective rate
4.07%
On assessed value
Assessed land
$361,060
Assessed improvement
$937,650
Applied tax rate
306.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
9
Rooms
2
Total area
23,976 SF
Lot
0.16 ac (6,756 SF)
Zoning code
BD
APN
NHVN M:240 B:0236 L:01500
UPID
US15-0933722
Jurisdiction
NEW HAVEN
Zoning & alternative use
BD · New Haven, CTZoning BD · permitted uses
BD · New Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district comprises the main downtown section of the city, known in planning terms as the Central Business District. Here are concentrated activities that have primarily a citywide and regional function: large stores offering comparison shopper's goods, specialty stores, business services, banks, offices, theaters, hotels and government buildings
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
105.57 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
9
Rooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Perry Ventures LLC
Entity
Mailing address
2 CTR PLZ STE #700, BOSTON, MA 02108-1906
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2024
—
Bc Chapel St LLC
—
Deed
related
$23,653 · Webster Bank
Jun 2, 2020
—
Bc Chapel Street LLC
—
Deed
related
$6,242,640 · Massachusetts Hsng Inv Corp
May 8, 2020
—
Perry Ventures LLC
Chapel & State LLC
Warranty Deed
—
Jun 17, 2010
—
Chapel & State LLC
—
Deed Of Trust
related
$355,000 · Worth Funding INC
Jan 31, 2006
—
Chapel & State LLC
—
Deed Of Trust
related
$1,200,000 · Banknorth NA
Jun 18, 2003
—
Chapel&state LLC
—
Deed Of Trust
related
$100,000 · Peoples Bank
Jan 30, 2003
—
Chapel & State LLC
—
Deed Of Trust
related
$850,000 · Peoples Bank
Jun 7, 2002
—
Chapel & State LLC
—
Deed Of Trust
related
$175,000 · North American Bank & Trust
Feb 12, 2002
—
Whitney Building LLC
—
Deed Of Trust
related
$600,000 · Sherwood Trust Co
Feb 11, 2002
$600,000
Chapel & State LLC
Grazioso,frank M
Warranty Deed
$600,000 · Zeger Corp Pension Trust
—
—
Bc Chapel Street LLC
—
Deed Of Trust
related
$6,242,640 · Massachusetts Hsng Inv Corp
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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