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Property profile & analytics
FOR LEASE
Showrooms
84 Broad St Milford, CT 06460
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0428282
For Lease
1 / 4
$780,000
84 Broad St, Milford, CT 06460
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,577 SF
Lot
0.14 ac (6,098 SF)
Zoning code
MCDD
APN
MILF M:54 B:402 L:21-C
UPID
US15-0428282
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
-
Marcano Davis Carmen PHD Physician Medical Clinic
-
Scratch Baking Bakery Specialty Food Shop
-
Milford Green Park
-
Bliss Nutrition & Wellness Physician
-
Interstate Realty Advisors - Steven J Spector Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$780k
Owner & transaction history
Azhari Enterprises LLC · 3 yrs held
Azhari Enterprises LLC
since 2023
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
MCDD · Milford, 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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
$750,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $800k (May 5 2023)
Last sale anchor
$800k
May 5 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
$170 / 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
$13,862
Tax year 2023
Assessed value
$510,200
Assessed 2023
Previous assessed
$510,200
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$211,050
Assessed improvement
$299,150
Applied tax rate
333.0000
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
For Lease
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Bathrooms
2
Total area
4,577 SF
Lot
0.14 ac (6,098 SF)
Zoning code
MCDD
APN
MILF M:54 B:402 L:21-C
UPID
US15-0428282
Jurisdiction
MILFORD
Zoning & alternative use
MCDD · Milford, CT
Zoning MCDD · permitted uses
MCDD · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Azhari Enterprises LLC
Entity
Mailing address
84 BROAD ST, MILFORD, CT 06460-3383
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
$800,000
Azhari Enterprises LLC
Sage-milford Prop LLC
Warranty Deed
$560,000 · Sikorsky Financial Credit Union INC
Jan 7, 2004
$405,000
Sage Milford Prop LLC
Morf,ronald J
Warranty Deed
$320,000 · Milford Bank
Dec 28, 1999
—
Ronald J Morf
—
Deed Of Trust
related
$245,000 · Citizens Bank Of Ct
Dec 1, 1988
—
Ronald J Morf
—
Deed Of Trust
related
$300,000 · Seymour Trust Co
Mar 27, 1987
—
Ronald J Morf
—
Deed Of Trust
related
$130,000 · 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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