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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Apartment buildings
1 Rowan St Norwalk, CT 06855-1989
Entity Owned
2-yr Hold
Property ID
US15-0512516
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1924
Construction
FRAME
Total area
4,431 SF
Lot
0.11 ac (4,792 SF)
Zoning code
I1
APN
NORW M:3 B:33 L:31
UPID
US15-0512516
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
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$871k
Blend (final)
Blend
$640k
Owner & transaction history
1 Rowan Street Jc LLC · 2 yrs held
1 Rowan Street Jc LLC
since 2023
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
I1 · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+47.5%
Office building
$965,000
+37.2%
Retail stores
$825,000
+17.3%
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 Norwalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwalk 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
$645,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$700,000
Current use
AUTO REPAIR, GARAGE
$1,035,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$965,000
Change: +37% · Conversion: Moderate
RETAIL STORES
$825,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $650k (Dec 22 2023)
Last sale anchor
$650k
Dec 22 2023
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
$144 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$15,377
Tax year 2024
Assessed value
$653,090
Assessed 2024
Previous assessed
$653,090
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$173,590
Assessed improvement
$479,500
Applied tax rate
129.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1924
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
6
Rooms
24
Bathrooms
6
Total area
4,431 SF
Lot
0.11 ac (4,792 SF)
Zoning code
I1
APN
NORW M:3 B:33 L:31
UPID
US15-0512516
Jurisdiction
NORWALK
Zoning & alternative use
I1 · Norwalk, CT
Zoning I1 · permitted uses
I1 · Norwalk, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norwalk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$965,000
RETAIL STORES
Est. value
$825,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1924
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
6
Rooms
24
Bathrooms
6
Lot
0.11 ac
Current owner
From public records · entity-resolved
1 Rowan Street Jc LLC
Entity
Mailing address
1 ROWAN ST, NORWALK, CT 06855-1989
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2023
—
1 Rowan Street Jc LLC
Rowan Street Assoc LLC
Quit Claim Deed
related
—
Apr 25, 2008
—
Rowan Street Assoc LLC
—
Deed Of Trust
related
$650,000 · David Ragsdale
Mar 6, 2008
—
Rowan Street Assoc LLC
—
Deed Of Trust
related
$435,000 · Washington Mutual Bank
Jun 12, 2007
—
Rowan Street Assoc LLC
—
Deed Of Trust
related
$100,000 · Windsock Ent LLC
Apr 5, 2007
$650,000
Rowan Street Assoc LLC
Ragsdale,david
Warranty Deed
$300,000 · 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.
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