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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Retail properties & Spaces
82 Hemingway Ave East Haven, CT 06512-3406
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US15-0980413
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,718 SF
Lot
0.2 ac (8,712 SF)
Zoning code
CA-2
APN
EHAV M:160 B:1915 L:016
UPID
US15-0980413
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
-
Corner Stop Grocery & Convenience Store
-
LibertyX Bitcoin ATM Atm
-
Home | JB Investment LLC Consultant
-
Life Mission Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$664k
Blend (final)
Blend
$735k
Owner & transaction history
Jay Shree Ram LLC · 8 yrs held
Jay Shree Ram LLC
since 2018
4 recorded transactions
Zoning & alternative use
CA-2 · East Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$835,000
+37.6%
Commercial (general)
$725,000
+19.6%
Office building
$615,000
+1.6%
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 East Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
Alternative Use
Use
Estimation
RETAIL STORES
$610,000
Current use
RESTAURANT
$835,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$725,000
Change: +20% · Conversion: Easy
OFFICE BUILDING
$615,000
Change: +2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$615,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$129 / 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
$15,275
Tax year 2023
Assessed value
$489,580
Assessed 2023
Previous assessed
$489,580
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$72,380
Assessed improvement
$417,200
Applied tax rate
326.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
1
Total area
5,718 SF
Lot
0.2 ac (8,712 SF)
Zoning code
CA-2
APN
EHAV M:160 B:1915 L:016
UPID
US15-0980413
Jurisdiction
EAST HAVEN
Zoning & alternative use
CA-2 · East Haven, CT
Zoning CA-2 · permitted uses
CA-2 · East Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$610,000
RESTAURANT
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$725,000
OFFICE BUILDING
Est. value
$615,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$520,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Jay Shree Ram LLC
Entity
Mailing address
82 HEMINGWAY AVE, EAST HAVEN, CT 06512-3406
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2018
$1,550,000
Jay Shree Ram LLC
Amishp LLC
Warranty Deed
$500,000 · Jannco Lenders LLC
Feb 14, 2017
$550,000
Amishp LLC
Corner Stop LLC
Warranty Deed
$510,000 · Newtek Small Busn Fin
Oct 23, 2000
$265,000
Corner Stop LLC
Gagliardi,ralph J
Warranty Deed
$185,000 · First Union National Bank
Jul 28, 1987
—
Ralph J Gagliardi
—
Deed Of Trust
related
$145,000 · Ct Savings Bank
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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