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Property profile & analytics
OFF-MARKET
Estimated value
$1,955,000
Showrooms
115 Main St Norwalk, CT 06851-4616
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-0364077
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1880
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,588 SF
Lot
0.15 ac (6,512 SF)
Zoning code
B2
APN
NORW M:1 B:75 L:24
UPID
US15-0364077
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
-
Frank Fraulo - State Farm Insurance Agent Insurance Agency
-
State Farm Insurance Insurance Agency
-
On The Scene Entertainment Nightclub DJ & Entertainment
-
Soluma Multiservice LLC Accounting Firm
-
Breakfast Belle LLC Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.96M
Owner & transaction history
Magd 2 Realty LLC · 1 yrs held
Magd 2 Realty LLC
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
B2 · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+6.4%
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
$1,890,000
ML approach
$1,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,555,000
Current use
RESTAURANT
$2,720,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,475,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$2,295,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.96M
Range $1.76M – $2.15M · ±10% · vs last sale $2.60M (Mar 14 2025)
Last sale anchor
$2.60M
Mar 14 2025
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
$185 / 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
$26,026
Tax year 2023
Assessed value
$1,037,460
Assessed 2023
Previous assessed
$1,037,460
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$293,860
Assessed improvement
$743,600
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 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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1880
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
YES
Buildings
1
Stories
3
Units
11
Rooms
36
Bathrooms
11
Total area
10,588 SF
Lot
0.15 ac (6,512 SF)
Zoning code
B2
APN
NORW M:1 B:75 L:24
UPID
US15-0364077
Jurisdiction
NORWALK
Zoning & alternative use
B2 · Norwalk, CT
Zoning B2 · permitted uses
B2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.6M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1880
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
1
Units
11
Rooms
36
Bathrooms
11
Lot
0.15 ac
Current owner
From public records · entity-resolved
Magd 2 Realty LLC
Entity
Mailing address
115 MAIN ST, NORWALK, CT 06851-4616
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
$2,600,000
Magd 2 Realty LLC
115 Main St Norwalk LLC
Warranty Deed
$1,820,000 · Union Savings Bank
Apr 3, 2012
$1
Mcdillon Holdings INC
G&w Holdings INC
Grant Deed
related
—
Dec 23, 1998
—
G&w Hldgs INC
—
Deed Of Trust
related
$575,000 · Stamford Federal Sb
Jun 7, 1996
—
G&w Holdings INC
—
Deed Of Trust
related
$400,000 · Stamford Federal Sb
Sep 19, 1995
$220,000
G&w Holdings INC
Foldeak,frederick
Warranty Deed
related
—
Aug 16, 1989
$600,000
Donald Byington
Peters,thomas
Grant Deed
$450,000 · Fairfield County Savings Bank
Jul 20, 1988
—
Donald Byington
—
Deed Of Trust
related
$550,000 · Norwalk Savings Society
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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