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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Manufacturing properties
88 Long Hl Cross Rd Shelton, CT 06484-4783
Individually Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0197600
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Total area
115,760 SF
Lot
7.66 ac (333,670 SF)
Zoning code
IA-2
APN
SHEL M:51 L:12
UPID
US15-0197600
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
-
PAROLVINI US CORP Brewery & Distillery Big Box & Wholesale Store
-
Confirmed Freight Trucking Company
-
Preferred Precision Industrial Manufacturer Factory
-
Modern Plastics Corporate Office
-
Conscious Power Solutions Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Douglas Lipinsky · 22 yrs held
Douglas Lipinsky
since 2003
7 recorded transactions
Zoning & alternative use
IA-2 · 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
$11 / 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
$117,302
Tax year 2023
Assessed value
$6,714,470
Assessed 2023
Previous assessed
$6,714,470
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$916,930
Assessed improvement
$5,797,540
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1978
Heating
NONE
Buildings
1
Stories
1
Total area
115,760 SF
Lot
7.66 ac (333,670 SF)
Zoning code
IA-2
APN
SHEL M:51 L:12
UPID
US15-0197600
Jurisdiction
SHELTON
Zoning & alternative use
IA-2 · Shelton, CT
Zoning IA-2 · permitted uses
IA-2 · 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
1978
Heating
NONE
Stories
1
Buildings
1
Lot
7.66 ac
Current owner
From public records · entity-resolved
Douglas Lipinsky
Individual
Mailing address
1 CORPORATE DR STE #100, SHELTON, CT 06484-6243
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
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
Nov 13, 2003
—
Douglas Lipinsky
—
Deed Of Trust
related
$143,500 · Chase Manhattan Mortgage Corp
Nov 3, 2003
—
88 Longhill Crossroad LLC
—
Deed Of Trust
related
$3,800,000 · Peoples Bank
Feb 24, 1993
—
Robert Scinto
—
Deed Of Trust
related
$2,575,000 · Connecticut National Bank
Jan 26, 1993
—
Robert Scinto
—
Deed Of Trust
related
$2,575,000 · Shawmut Mortgage
Apr 24, 1991
—
Robert Scinto
—
Deed Of Trust
related
$3,000,000 · Ct Natl Bk
Oct 23, 1987
—
Robert Scinto
—
Deed Of Trust
related
$6,000,000 · Zuckerman Family Nomi
Sep 30, 1987
—
Robert Scinto
—
Deed Of Trust
related
$7,600,000 · Zuckerman Family Nomi
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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