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Property profile & analytics
OFF-MARKET
Estimated value
$6,005,000
Showrooms
786 Chapel St New Haven, CT 06510-3104
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0222096
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,824 SF
Lot
0.05 ac (2,192 SF)
Zoning code
BD
APN
NHVN M:240 B:0236 L:00800
UPID
US15-0222096
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
-
Mile Zero 2 smoke shop (Bike/Boat/Book/etc) Store
-
Jonathan Perkins Injury Lawyers Law Firm
-
CoinFlip Bitcoin ATM Bank Business Banking Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.01M
Owner & transaction history
Song Prop LLC · 2 yrs held
Song Prop LLC
since 2023
Last sale
$6.0M
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
$6,000,000
ML approach
$5,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.01M
Range $5.40M – $6.61M · ±10% · vs last sale $6.04M (Dec 29 2023)
Last sale anchor
$6.04M
Dec 29 2023
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
$1,570 / 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
$15,939
Tax year 2024
Assessed value
$391,720
Assessed 2024
Previous assessed
$391,720
+0.0% YoY
Effective rate
4.07%
On assessed value
Assessed land
$229,040
Assessed improvement
$162,680
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
2
Units
2
Total area
3,824 SF
Lot
0.05 ac (2,192 SF)
Zoning code
BD
APN
NHVN M:240 B:0236 L:00800
UPID
US15-0222096
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
2
Buildings
1
Units
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Song Prop LLC
Entity
Mailing address
786 CHAPEL ST, NEW HAVEN, CT 06510-3104
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Song Prop LLC
Byung G Kang
Quit Claim Deed
related
—
Jun 8, 2023
$6,040,000
Byung H Kang
Seven Eighty Six Chapel L
Warranty Deed
$140,000 · Seven Eighty Six Chap
Apr 7, 2021
—
786 Chapel LLC
—
Deed
related
$6,045,000 · Fieldpoint Private Bank & Trust
Dec 24, 2012
—
786 Chapel LLC
—
Deed Of Trust
related
$150,000 · Peoples Bank
Sep 30, 2010
—
786 Chapel LLC
—
Deed Of Trust
related
$400,000 · Peoples Bank
Aug 5, 2010
—
786 Chapel LLC
—
Deed Of Trust
related
$150,000 · Naugatuck Valley Sla
Aug 3, 2009
—
786 Chapel LLC
—
Deed Of Trust
related
$700,000 · Worth Funding INC
May 14, 2009
$249,000
786 Chapel LLC
Ruggiero,mario
Warranty Deed
—
Apr 8, 1999
—
Hot Corner LLC
—
Deed Of Trust
related
$150,000 · Lrya-jv LP
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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