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    Property profile & analytics

    8 Scotland Ave Madison, CT 06443-2531

    • Investment properties
    • 1,920 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $765,000
    Last Sale
    May 02, 2022
    $770,000
    Location Intelligence
    Property ID
    US15-1330508
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bar Bouchée / Bar / Restaurant
    • William Plunkett & Associates LLC / Construction Company

    Property Details for 8 Scotland Ave

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.18 lot acres
    Property size
    1,920 SF
    Zone code
    D
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    MADI M:39 B:56
    APU
    MADIM39B56

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $880,000
      6.5%
      $790,000
      7%
      $915,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $785,000
      Geo Method
      $950,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $875,000
      Retail
      $790,000
      Mixed-Use
      $870,000
      Hospitality
      $970,000
      Educational
      $830,000
      Residential Income
      $840,000
      Energy
      $860,000
      Income-Based Land
      $975,000
      Food Service
      $920,000

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.5892
    Latitude
    41.2792
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,557
    $129,200
    $289,800
    $419,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,568 SF

      64 Wall St

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      64 Wall St, Madison, CT 06443-3150
      View Details
    • Value Estimation
      $985,000
      7,030 SF

      251 Boston Post Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 7,030 SF
      251 Boston Post Rd, Madison, CT 06443-2226
      View Details
    • Value Estimation
      $1,215,000
      4,709 SF

      908 Boston Post Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,709 SF
      908 Boston Post Rd, Madison, CT 06443-3235
      View Details
    • Value Estimation by Request
      5,952 SF

      107 Bradley Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,952 SF
      107 Bradley Rd, Madison, CT 06443-2601
      View Details
    • Value Estimation by Request
      4,081 SF

      563 Durham Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,081 SF
      563 Durham Rd, Madison, CT 06443-2061
      View Details
    • Value Estimation
      $295,000
      2,520 SF

      21 Hathaway Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 2,520 SF
      21 Hathaway Ln, Madison, CT 06443-1676
      View Details

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    8 Scotland Ave
    Madison, CT 06443-2531
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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