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Property profile & analytics
OFF-MARKET
Estimated value
$3,650,000
Investment properties
1200 Putnam Ave Riverside, CT 06878-1430
Entity Owned
16-yr Hold
Property ID
US15-0827149
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1985
Construction
CONCRETE
Total area
17,272 SF
Lot
0.7 ac (30,492 SF)
Zoning code
LB
APN
GREE M:05 B:1296/S
UPID
US15-0827149
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
-
Greenwich Music (Bike/Boat/Book/etc) Store
-
Beautiful Body & Face Spa Spa & Massage Center Alternative Medicine Practice
-
Stamford Health Medical Group Riverside Draw Station Medical Clinic
-
Louise A. Napoli, ND Physician
-
Stamford Health Medical Group Medical Group Doctor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.06M
Blend (final)
Blend
$3.65M
Owner & transaction history
1200 Putnam LLC · 16 yrs held
1200 Putnam LLC
since 2010
7 recorded transactions
Zoning & alternative use
LB · Riverside, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+10.3%
Auto repair, garage
$4.0M
+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)
$4,025,000
Current use
RESTAURANT
$4,435,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,035,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$3.65M
Range $3.29M – $4.02M · ±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
$211 / 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
$73,753
Tax year 2023
Assessed value
$6,338,360
Assessed 2023
Previous assessed
$6,338,360
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,304,680
Assessed improvement
$4,033,680
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
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
3
Rooms
8
Total area
17,272 SF
Lot
0.7 ac (30,492 SF)
Zoning code
LB
APN
GREE M:05 B:1296/S
UPID
US15-0827149
Jurisdiction
GREENWICH
Zoning & alternative use
LB · Riverside, CTZoning LB · permitted uses
LB · 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
$4.0M
RESTAURANT
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1985
Construction
CONCRETE
Heating
NONE
Stories
3
Buildings
1
Rooms
8
Lot
0.7 ac
Current owner
From public records · entity-resolved
1200 Putnam LLC
Entity
Mailing address
16 SHADOW TREE LN, BRIARCLIFF MANOR, NY 10510-2255
Ownership since
2010
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
Jan 6, 2010
$5,185,000
1200 Putnam LLC
1200 E Putnam Assoc LLC
Warranty Deed
$3,888,750 · Webster Bank
Dec 17, 2007
$1
1200 E Putnam Assoc LLC
1200 E Putnam Assoc
Grant Deed
related
—
Feb 13, 2003
—
1200 E Putnam Ave Assoc
—
Deed Of Trust
related
$500,000 · Webster Bank
Oct 31, 2002
—
Putnam Ave Assoc E
—
Deed Of Trust
related
$3,500,000 · Webster Bank
Jul 29, 1999
—
1200 E Putnam Ave Asso
—
Deed Of Trust
related
$2,600,000 · City & Suburban Fsb
Dec 29, 1993
—
East Putnam Ave 1200
—
Deed Of Trust
related
$1,700,000 · Peoples Bank
Jun 19, 1992
—
East Putnam Ave 1200
—
Deed Of Trust
related
$2,841,574 · Zwi Kohorn
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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