New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Office buildings
8 Progress Dr Shelton, CT 06484-6219
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US15-0255015
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
62,760 SF
Lot
5.02 ac (218,671 SF)
Zoning code
LIP
APN
SHEL M:28 L:15
UPID
US15-0255015
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
-
Lincoln Culinary Institute Vocational School Training Center
-
Lincoln Technical Institute Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.95M
Owner & transaction history
Esp 8 Progress Drive LLC · 19 yrs held
Esp 8 Progress Drive LLC
since 2006
7 recorded transactions
Zoning & alternative use
LIP · Shelton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Shelton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelton 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
$31 / 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
$63,478
Tax year 2023
Assessed value
$3,633,560
Assessed 2023
Previous assessed
$3,633,560
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$509,530
Assessed improvement
$3,124,030
Applied tax rate
110.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
NONE
Buildings
1
Stories
1
Total area
62,760 SF
Lot
5.02 ac (218,671 SF)
Zoning code
LIP
APN
SHEL M:28 L:15
UPID
US15-0255015
Jurisdiction
SHELTON
Zoning & alternative use
LIP · Shelton, CT
Zoning LIP · permitted uses
LIP · Shelton, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
1
Buildings
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
Esp 8 Progress Drive LLC
Entity
Mailing address
70 PNE ST, NEW CANAAN, CT 06840-5422
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
—
Esp 8 Progress Drive LLC
—
Deed
related
$4,676,000 · Torrington Savings Bank
Aug 17, 2006
$6,050,000
Esp 8 Progress Drive LLC
We Progress Drive LLC
Warranty Deed
$5,000,000 · Morgan Stanley Dean
Dec 23, 1999
—
We Progress Dr LLC
—
Deed Of Trust
related
$2,500,000 · Peoples Bank
Dec 8, 1998
$3,500,000
We Progress Dr LLC
Whbl Re LP
Grant Deed
—
Apr 15, 1997
$2,300,000
Whmbl Real Estate LP
Robert-scinto
Warranty Deed
—
Dec 20, 1989
—
Robert Scinto
—
Deed Of Trust
related
$4,860,000 · Connecticut Bank & Trust
Jun 23, 1988
—
Robert Scinto
—
Deed Of Trust
related
$10,000,000 · Connecticut Bank & Trust
Apr 30, 1987
—
Robert Scinto
—
Deed Of Trust
related
$10,000,000 · Connecticut Bank & Trust
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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