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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Showrooms
9 Research Dr Milford, CT 06460-2863
Individually Owned
Free & Clear
Property ID
US15-1209631
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1977
Construction
STEEL FRAME
Total area
14,736 SF
Zoning code
ID
APN
MILF M:91 B:809 L:1-B U:TAX
UPID
US15-1209631
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
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$747k
Blend (final)
Blend
$540k
Owner & transaction history
CULTRUAL WELLSPRING
CULTRUAL WELLSPRING
Zoning & alternative use
ID · Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
3.11 - ID Industrial 3.12 - HDD Housatonic Design District 3.13 - WDD Waterfront Design District 3.14 - OS Open Space 3.15 - BEZ Beach Erosion Zone CDD - Corridor Design Development Districts 3.16 - CDD-1 Community Design 3.17 - CDD-2 Devon Center - Naugatuck Avenue 3.18 - CDD-3 Bridgeport Avenue 3.19 - CDD-4 New Haven Avenue 3.20 - CDD-5 Regional Business D…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
357.76 ac
Source
ZONING REGULATIONS
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
$335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$37 / 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
$1,454
Tax year 2023
Assessed value
$53,510
Assessed 2023
Previous assessed
$104,730
-48.9% YoY
Effective rate
2.72%
On assessed value
Assessed improvement
$53,510
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
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
Zoning code
ID
APN
MILF M:91 B:809 L:1-B U:TAX
UPID
US15-1209631
Jurisdiction
MILFORD
Zoning & alternative use
ID · Milford, CTZoning ID · permitted uses
ID · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
3.11 - ID Industrial 3.12 - HDD Housatonic Design District 3.13 - WDD Waterfront Design District 3.14 - OS Open Space 3.15 - BEZ Beach Erosion Zone CDD - Corridor Design Development Districts 3.16 - CDD-1 Community Design 3.17 - CDD-2 Devon Center - Naugatuck Avenue 3.18 - CDD-3 Bridgeport Avenue 3.19 - CDD-4 New Haven Avenue 3.20 - CDD-5 Regional Business Design 3.21 - MCDD Milford Center Design Development District 3.22 - ICD Interchange Commercial District 3.23 - CBDD Cascade Boulevard Design Development 3.24 - OSAHD-MF Open Space Affordable Housing Development - Multi-Family
Zone name
Industrial
General category
INDUSTRIAL
Zone area
357.76 ac
Source
ZONING REGULATIONS
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
Current owner
From public records · entity-resolved
CULTRUAL WELLSPRING
Individual
Free & Clear · 0 yrs held
Mailing address
9 RESEARCH DR STE #1, MILFORD, CT 06460-2863
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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