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Property profile & analytics
OFF-MARKET
Showrooms
948 1st Ave West Haven, CT 06516-2737
Individually Owned
4-yr Hold
Free & Clear
Property ID
US15-0844480
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1930
Construction
FRAME
Total area
2,592 SF
Lot
0.44 ac (19,000 SF)
Zoning code
R3
APN
WHAV M:0054 B:0193 L:0000
UPID
US15-0844480
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jue Forhwu · 4 yrs held
Jue Forhwu
since 2022
Last sale
$178,500
2 recorded transactions
Zoning & alternative use
R3 · West Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Retail), R-3(One-Two-Three Family Residence) district and R-2 (Single Family Detached Residence) District to the SD (Shoreline Design) District. Effective 08-10-23 file # ZR 23-90
Zone name
One Two Three Family Residence
General category
RESIDENTIAL
Zone area
714.53 ac
Source
ZONING ORDINANCE
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 West Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,404
Tax year 2023
Assessed value
$137,690
Assessed 2023
Previous assessed
$137,690
+0.0% YoY
Effective rate
4.65%
On assessed value
Assessed land
$73,220
Assessed improvement
$64,470
Applied tax rate
311.0000
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
Off-Market
Year built
1930
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
3
Bathrooms
3
Total area
2,592 SF
Lot
0.44 ac (19,000 SF)
Zoning code
R3
APN
WHAV M:0054 B:0193 L:0000
UPID
US15-0844480
Jurisdiction
WEST HAVEN
Zoning & alternative use
R3 · West Haven, CTZoning R3 · permitted uses
R3 · West Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Retail), R-3(One-Two-Three Family Residence) district and R-2 (Single Family Detached Residence) District to the SD (Shoreline Design) District. Effective 08-10-23 file # ZR 23-90
Zone name
One Two Three Family Residence
General category
RESIDENTIAL
Zone area
714.53 ac
Source
ZONING ORDINANCE
Building & site characteristics
From public records
Year built
1930
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
3
Bathrooms
3
Lot
0.44 ac
Current owner
From public records · entity-resolved
Jue Forhwu
Individual
Free & Clear · 4 yrs held
Mailing address
948 1ST AVE, WEST HAVEN, CT 06516-2737
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
—
Jue Forhwu
Ly Lee Moo
Quit Claim Deed
related
—
Jun 26, 2003
$178,500
Mooly Lee
Marmo,anthony
Warranty Deed
$141,592 · Wachovia Bank NA
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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