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990 Naugatuck Ave Milford, CT 06461

Industrial properties Google Maps
5.71 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
990 Naugatuck Ave, Milford, CT 06461 For Sale
Contact for pricing
990 Naugatuck Ave, Milford, CT 06461
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Estimated value (blended)
$335k
Range $302k – $369k (±10%)
Property ID US15-0094092

Property summary

AI-generated overview

This exceptional 8.03-acre waterfront commercial property in Milford, CT, presents a significant development opportunity. Located within the Housatonic Design District (HDD) zoning, the site includes two parcels: a 2.32-acre vacant lot and a 5.71-acre parcel with three existing commercial buildings totaling 21,418 square feet, built in 1920. These buildings offer flexibility

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Lot 5.71 ac (248,728 SF)
Zoning code HDD
APN MILF M:40 B:300 L:2
UPID US15-0094092

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Waste Management Facility Hazardous Waste Disposal
  • Waste Management Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2021
7 recorded transactions
2022
Price N/A
2021
Price N/A
2021
Price N/A
2011
Price N/A
2010
Price N/A
2010
Price N/A
2009
$1.3M

Zoning & alternative use

HDD · Milford, CT
Zoning description

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…

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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