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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Residential income homes
12 Fremont Pl, Norwalk, CT 06851-3630
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0255801
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1962
Construction
FRAME
Total area
3,840 SF
Lot
0.16 ac (6,970 SF)
Zoning code
D
APN
NORW M:1 B:85 L:38
UPID
US15-0255801
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
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$695k
Owner & transaction history
Clyna V Richardson · 2 yrs held
Clyna V Richardson
since 2024
Last sale
$695,000
4 recorded transactions
Zoning & alternative use
D · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$925,000
+52.4%
Auto repair, garage
$895,000
+47.5%
Office building
$830,000
+36.7%
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
$695,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$610,000
Current use
COMMERCIAL (GENERAL)
$925,000
Change: +52% · Conversion: Moderate
AUTO REPAIR, GARAGE
$895,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$830,000
Change: +37% · Conversion: Moderate
RETAIL STORES
$715,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $695k (May 30 2024)
Last sale anchor
$695k
May 30 2024
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
$181 / 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
$10,905
Tax year 2023
Assessed value
$434,701
Assessed 2023
Previous assessed
$434,701
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$97,055
Assessed improvement
$337,646
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1962
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
4
Rooms
16
Bathrooms
4
Total area
3,840 SF
Lot
0.16 ac (6,970 SF)
Zoning code
D
APN
NORW M:1 B:85 L:38
UPID
US15-0255801
Jurisdiction
NORWALK
Zoning & alternative use
D · Norwalk, CT
Zoning D · permitted uses
D · 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
$610,000
COMMERCIAL (GENERAL)
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$895,000
OFFICE BUILDING
Est. value
$830,000
RETAIL STORES
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1962
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
4
Rooms
16
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Clyna V Richardson
Individual
Mailing address
2 LAKEVIEW DR, NORWALK, CT 06850-2020
Ownership since
2024
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
May 30, 2024
$695,000
Clyna V Richardson
Beth A Anderson
Warranty Deed
$521,250 · Webster Bank
Jun 25, 2013
—
Beth Anderson
—
Deed Of Trust
related
$275,000 · Wells Fargo Mortgage
May 18, 2001
—
Beth Anderson
—
Deed Of Trust
related
$252,000 · Peoples Bank
Aug 11, 2000
$276,000
Beth A Anderson
Moll,einar
Warranty Deed
$254,700 · Chevy Chase Savings 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.
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