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    Property profile & analytics

    100 Bank St Seymour, CT 06483

    • Office buildings
    • 14,088 SF
    • 0.84 lot acres
    For Sale
    View listing
    Last Sale
    Jun 10, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0085216
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rimmon Pond Counseling Associates / Counselor
    • Justin J. Kruger, LMFT / Marriage Or Relationship Counselor
    • Trinci Consulting Services / Consultant
    • Lochner / Engineering Consultant
    • Nash Surgical Supply Co Inc / Orthotics & Prosthetics Service / Shoe Store

    Property Details for 100 Bank St

    Year built
    1906
    Lot size
    0.84 lot acres
    Property size
    14,088 SF
    Zone code
    CBD1
    Property type
    Office buildings
    APN
    SEYM M:10-11-0 L:128A
    APU
    SEYMM10110L128A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,531,000
      Market price range: $1.05M - $2.38M
      AI Estimate
      $1,726,000
      Market price range: $1.13M - $2.37M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,575,000
      Current use
      RESTAURANT
      $2,060,000
      Change: +31% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,585,000
      Change: +1% Conversion: Easy
      RETAIL STORES
      $1,530,000
      Change: -3% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,475,000
      Change: -6% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,280,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0789
    Latitude
    41.3978
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $40,369
    $52,460
    $1,043,320
    $1,095,780
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,878 SF

      300 Bank St

      OFFICE BUILDING • 1,878 SF
      300 Bank St, Seymour, CT 06483-2727
      View Details
    • Value Estimation by Request
      2,050 SF

      278 Bank St

      OFFICE BUILDING • 2,050 SF
      278 Bank St, Seymour, CT 06483-2719
      View Details
    • Value Estimation by Request
      3,306 SF

      56 Gdn St

      OFFICE BUILDING • 3,306 SF
      56 Gdn St, Seymour, CT 06483-2974
      View Details
    • Value Estimation by Request
      3,954 SF

      276 Bank St

      OFFICE BUILDING • 3,954 SF
      276 Bank St, Seymour, CT 06483-2700
      View Details
    • Value Estimation by Request
      2,700 SF

      876 Main St

      OFFICE BUILDING • 2,700 SF
      876 Main St, Seymour, CT 06483-3235
      View Details
    • Value Estimation by Request
      2,044 SF

      245 Ww St

      OFFICE BUILDING • 2,044 SF
      245 Ww St, Seymour, CT 06483-2650
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Condominium Multifamily Conversion Potential

      Ten-unit office condominium suitable for multifamily conversion near major routes.
      100 Bank St, Seymour, CT 06483
      View Details
    • $2,450,000
      12,980 SF

      Seymour, CT Mixed-Use Investment

      Prime Seymour location, high NOI, great potential.
      115/124 First St, Seymour, CT 06483
      View Details
    • $1,500,000

      Land For Sale

      Land available for sale in Seymour, CT.
      6 Chatfield St, Seymour, CT 06483
      View Details
    • $1,785,000

      Approved Apartment Building Site

      Approved site for a 51-unit apartment building.
      35 Cogwheel Ln, Seymour, CT 06483
      View Details
    • $599,900
      Pending

      Specialty Property For Sale

      Specialty property available for purchase.
      154 S Benham Rd, Seymour, CT 06483
      View Details
    • $65,000

      Established Auto Repair Business Opportunity

      Turn-key auto repair business for sale in Seymour, CT.
      111 New Haven Rd, Seymour, CT 06483
      View Details

    Similar Nearby for Lease

    • $500 /Mo

      Downtown Seymour Office Space Available

      Professional office space in downtown Seymour with convenient highway access.
      80 Bank St, Seymour, CT 06483
      View Details
    • $14 SF/Yr
      29,521 SF

      Versatile Commercial Building for Rent

      Adaptable commercial building with updated interiors and ample parking.
      10-18 Beach St, Seymour, CT 06483
      View Details
    • $550 /Mo
      250 SF

      Professional Office Space Available

      Office space ideal for professional use with Route 67 exposure.
      246 Bank St, Seymour, CT 06483
      View Details
    • $500 /Mo

      Downtown Seymour Office Space Available

      Professional office space in downtown Seymour with convenient highway access.
      80 Bank St, Seymour, CT 06483
      View Details
    • $14 SF/Yr
      53,663 SF

      Versatile Commercial Building in Seymour

      18-unit commercial building for rent in Seymour, Connecticut.
      10-18 Beach St, Seymour, CT 06483
      View Details
    • $550 /Mo
      250 SF

      Office Space For Lease

      Office space for professional use with Route 67 exposure.
      246 Bank St, Seymour, CT 06483
      View Details
    Request Owner's contact information
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    100 Bank St
    Seymour, CT 06483
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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