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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Specialty properties
9 Research Dr Milford, CT 06460-2863
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US15-0252757
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1977
Construction
STEEL FRAME
Total area
14,736 SF
Lot
1.04 ac (45,302 SF)
Zoning code
ID
APN
MILF M:91 B:809 L:1-B
UPID
US15-0252757
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
-
Dr. Franco Menta Alternative Medicine Practice
-
Manfort Clothing & Fashion Store
-
Wellspring Community Center Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$630k
Owner & transaction history
Wellspring Cultrual & Educ · 9 yrs held
Wellspring Cultrual & Educ
since 2016
7 recorded transactions
Zoning & alternative use
ID · 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
by Request
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$43 / 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 2017Property tax & assessments
Tax year 2017
Tax billed
$19,317
Tax year 2017
Assessed value
$844,010
Assessed 2023
Previous assessed
$844,010
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$239,090
Assessed improvement
$604,920
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
2
Total area
14,736 SF
Lot
1.04 ac (45,302 SF)
Zoning code
ID
APN
MILF M:91 B:809 L:1-B
UPID
US15-0252757
Jurisdiction
MILFORD
Zoning & alternative use
ID · Milford, CT
Zoning ID · permitted uses
ID · 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
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
2
Lot
1.04 ac
Current owner
From public records · entity-resolved
Wellspring Cultrual & Educ
Individual
Mailing address
9 RESEARCH DR STE #1, MILFORD, CT 06460-2863
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2018
—
Wellspring Cultural&ed
—
Deed
related
$856,600 · Milford Bank
Jul 26, 2016
$900,000
Wellspring Cultrual & Educ
Woodsearch Realty LLC
Warranty Deed
$665,000 · Milford Bk
May 12, 2009
$415,635
Woodsearch Realty LLC
Rbc Capital Markets Corp
Warranty Deed
—
May 12, 2009
$409,365
Woodsearch Realty LLC
Milford Research Pr LLC
Warranty Deed
$900,000 · Western Ne College
Mar 2, 2004
$1,250,000
Milford Research Dr LLC
9 Research Dr LLC
Warranty Deed
—
Dec 19, 2001
—
Nine Research Dr LLC
—
Deed Of Trust
related
$900,000 · Citizens Bank Of Ct
Mar 4, 1997
—
Nine Research Dr LLC
—
Deed Of Trust
related
$700,000 · Zions First National Bank
Aug 16, 1993
$477,000
Smith Inv & Dev Corp
First Monroe Corp
Grant Deed
$650,000 · Liberty Bank
Oct 2, 1992
$565,000
First Monroe Corp
Ggallo,anthony T
Grant Deed
related
—
Apr 27, 1989
—
Anthony T Gallo
—
Deed Of Trust
related
$1,920,000 · First Federal Bank Of 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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