Back to Search
Property profile & analytics
FOR SALE
Industrial properties
990 Naugatuck Ave Milford, CT 06461
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-0094092
For Sale
Contact for pricing
990 Naugatuck Ave, Milford, CT 06461
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Recycling Inc of Milford Waste Management Facility Hazardous Waste Disposal
-
COASTAL SANITATION, INC 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
Naugatuck Ave LLC · 5 yrs held
Naugatuck Ave LLC
since 2021
7 recorded transactions
Zoning & alternative use
HDD · Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 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 Mil…
Zone name
Housatonic Design District
General category
UNKNOWN
Zone area
485.51 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
$335k
Range $302k – $369k · ±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
—
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
$18,884
Tax year 2023
Assessed value
$695,030
Assessed 2023
Previous assessed
$695,030
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$649,520
Assessed improvement
$45,510
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Sale
Heating
NONE
Cooling
YES
Buildings
3
Units
1
Lot
5.71 ac (248,728 SF)
Zoning code
HDD
APN
MILF M:40 B:300 L:2
UPID
US15-0094092
Jurisdiction
MILFORD
Zoning & alternative use
HDD · Milford, CTZoning HDD · permitted uses
HDD · Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 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
Housatonic Design District
General category
UNKNOWN
Zone area
485.51 ac
Source
ZONING REGULATIONS
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
3
Units
1
Lot
5.71 ac
Current owner
From public records · entity-resolved
Naugatuck Ave LLC
Entity
Mailing address
80 SHORELINE DR, STRATFORD, CT 06615-7774
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
—
Naugatuck Ave LLC
—
Deed
related
$753,045 · Mortgage Funding Corporation America
Apr 27, 2021
—
Naugatuck Ave LLC
Jrb Hldg Co LLC
Quit Claim Deed
related
—
Apr 21, 2021
—
Naugatuck Ave LLC
Jrb Hldg Co LLC
Quit Claim Deed
related
—
Apr 29, 2011
—
Recycling INC
—
Deed Of Trust
related
$308,918 · Donna Stewart Tr
May 12, 2010
—
Recycling INC
—
Deed Of Trust
related
$5,000 · Outlaw Boxing Kat INC
Feb 26, 2010
—
Recycling INC
—
Deed Of Trust
related
$5,000 · Cummings Enterprise
Oct 26, 2009
$1,275,000
Joseph F Barrett JR.
Barrett,richard J
Warranty Deed
related
—
Dec 31, 1990
—
Richard J Barrett
—
Deed Of Trust
related
$92,800 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
