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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Showrooms
788 Chapel St New Haven, CT 06510-3104
Individually Owned
26-yr Hold
Free & Clear
Property ID
US15-0013939
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
FRAME
Total area
7,506 SF
Lot
0.17 ac (7,398 SF)
Zoning code
BD
APN
NHVN M:240 B:0236 L:00700
UPID
US15-0013939
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
-
Rainbow Shops Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
Block 235 Dev Assoc · 26 yrs held
Block 235 Dev Assoc
since 2000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$125 / 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
$27,144
Tax year 2023
Assessed value
$689,990
Assessed 2023
Previous assessed
$689,990
+0.0% YoY
Effective rate
3.93%
On assessed value
Assessed land
$365,330
Assessed improvement
$324,660
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
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
2
Rooms
2
Total area
7,506 SF
Lot
0.17 ac (7,398 SF)
Zoning code
BD
APN
NHVN M:240 B:0236 L:00700
UPID
US15-0013939
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
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
2
Rooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Block 235 Dev Assoc
Individual
Free & Clear · 26 yrs held
Mailing address
1211 CHAPEL ST, NEW HAVEN, CT 06511-4784
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2003
—
Chapel East Dev LLC
—
Deed Of Trust
related
$350,000 · Hudson United Bank
Aug 1, 2000
$1,275,000
Block 235 Dev Assoc
Hot Corner LLC
Warranty Deed
—
Aug 1, 2000
—
Block 235 Dev Assc LLC
—
Deed Of Trust
related
$401,250 · New Haven Savings Bank
Apr 22, 1999
—
Hot Corner LLC
—
Deed Of Trust
related
$3,400,000 · Lr4a-jv LP
Feb 26, 1998
$93,631
Hot Corner LLC
Shalam,mark
Warranty Deed
—
Feb 26, 1998
—
Hot Corner LLC
—
Deed Of Trust
related
$49,500 · Ocwen Federal Bank Fsb
May 20, 1987
—
Mark Shalam
—
Deed Of Trust
related
$3,000,000 · Bank Of Boston Ct
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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