Entity Owned Property summary
AI-generated overview
This exceptional medical office space, located at 10 Mott Avenue in Norwalk, Connecticut, presents a unique leasing opportunity. Situated within a four-story, Class B building totaling 24,116 square feet, this property offers 2,032 square feet of immediately available space on the first floor. Built in 1966 and renovated in 2000, the building boasts a desirable location and benefits from a CBDB zoning designation. The space itself features abundant natural light and a high-end, pre-built interior, creating a welcoming and comfortable environment for patients and staff. The building provides convenient elevator access and ample parking, with a ratio of 2.4 spaces per 1,000 square feet. The property is currently multi-tenant, offering a vibrant and collaborative atmosphere. With 4,000 square feet of vacant space within the building, there is potential for expansion or synergy with other medical professionals. The address is 10 Mott Ave, Norwalk, CT 06850. This is an ideal location for medical practices seeking a well-maintained, conveniently located, and aesthetically pleasing space to serve their patients. The available space is ready for immediate occupancy.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
STEEL FRAME
Total area
20,290 SF
Lot
0.52 ac (22,575 SF)
Zoning code
CBDB
APN
NORW M:1 B:35 L:5
UPID
US15-0430591
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
-
Dental Office Physician
-
Physician Medical Clinic
-
Dental Office
-
Dental Office
-
Dental Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.26M
Blend (final)
Blend
$4.59M
Owner & transaction history
since 2021
3 recorded transactions
Zoning & alternative use
CBDB · Norwalk, CT
Top alternative use upside
Restaurant
$5.2M
+18.2%
Commercial (general)
$4.9M
+11.1%
Auto repair, garage
$4.7M
+7.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.59M
Value range
$4.13M – $5.05M
±10% around blend
Estimated value / SF
$226 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$4.13M
blend $4.59M
$5.05M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
20,290 SF
Lot area
0.52 ac
Year built
1966
Stories
4
APN
NORW M:1 B:35 L:5
Zoning
CBDB
Assessed value
$2,677,510
Annual tax
$67,168
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$5.26M
Range $3.58M – $5.26M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.59M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 35 sales
$217
+4%
County 284 sales
$174
+30%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $226/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+18%
vs current-use indication
Commercial (general)
Auto Repair, Garage
Office Building · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.68M
Move the market yield to see immediate price impact.
Value / SF
$132
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$169k
$3.37M
$2.41M
$1.87M
$187k
$3.75M
$2.68M
$2.08M
$206k
$4.12M
$2.95M
$2.29M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$67,168
Tax year 2023
Assessed value
$2,677,510
Assessed 2023
Previous assessed
$2,677,510
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$538,080
Assessed improvement
$2,139,430
Applied tax rate
129.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
14
Bathrooms
16
Total area
20,290 SF
Lot
0.52 ac (22,575 SF)
Zoning code
CBDB
APN
NORW M:1 B:35 L:5
UPID
US15-0430591
Jurisdiction
NORWALK
Zoning & alternative use
CBDB · Norwalk, CTZoning CBDB · permitted uses
CBDB · Norwalk, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
14
Bathrooms
16
Lot
0.52 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CBDB
Jurisdiction
Norwalk, CT
Recorded code
CBDB
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBDB in Norwalk, CT.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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