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Property profile & analytics
FOR LEASE
Investment properties
1081 E Putnam Ave 2ND Riverside, CT 06878
Entity Owned
6-yr Hold
Free & Clear
Property ID
US15-0660998
For Lease
1 / 7
$1,100/Mo
1081 E Putnam Ave,Unit 2ND, Riverside, CT 06878
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1935
Construction
FRAME
Total area
4,316 SF
Lot
0.22 ac (9,583 SF)
Zoning code
LBR-2
APN
GREE M:12 B:1005/S
UPID
US15-0660998
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
-
Meliti Acoustics Electronics & Wireless Store
-
Mary Heaven Acupuncture Medical Clinic Alternative Medicine Practice
-
Neak Media LLC Marketing & Advertising Event Planning
-
Parsa Wireless Communications Mobile Phone Store Electronics & Wireless Store
-
Karl Dale: Allstate Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1,000k
Blend (final)
Blend
$900k
Owner & transaction history
P & E Orrico Realty Co LLC · 6 yrs held
P & E Orrico Realty Co LLC
since 2020
4 recorded transactions
Zoning & alternative use
LBR-2 · Riverside, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+0.3%
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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,005,000
Current use
AUTO REPAIR, GARAGE
$1,010,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$209 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$18,174
Tax year 2023
Assessed value
$1,561,840
Assessed 2023
Previous assessed
$1,561,840
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$762,020
Assessed improvement
$799,820
Applied tax rate
124.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1935
Construction
FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
2
Rooms
7
Total area
4,316 SF
Lot
0.22 ac (9,583 SF)
Zoning code
LBR-2
APN
GREE M:12 B:1005/S
UPID
US15-0660998
Jurisdiction
GREENWICH
Zoning & alternative use
LBR-2 · Riverside, CTZoning LBR-2 · permitted uses
LBR-2 · Riverside, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1935
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Rooms
7
Lot
0.22 ac
Current owner
From public records · entity-resolved
P & E Orrico Realty Co LLC
Entity
Free & Clear · 6 yrs held
Mailing address
28 POND PL, COS COB, CT 06807-2220
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2020
—
P & E Orrico Realty Co LLC
Eleanor Orrico
Quit Claim Deed
related
—
Oct 13, 2017
—
Eleanor Orico
Orico,peter & Eleanor
Quit Claim Deed
related
—
May 8, 2007
$1
Vincent G Scorese
Scorese,vincent G
Grant Deed
related
—
Aug 11, 1987
—
Peter Orrico
—
Deed Of Trust
related
$500,000 · Zions First National Bank
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?”
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