New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,155,000
Office buildings
137 Rowayton Ave Norwalk, CT 06853-1413
Entity Owned
~
Est. High Equity
Property ID
US15-0887440
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,448 SF
Lot
0.34 ac (14,810 SF)
Zoning code
B3
APN
NORW M:6 B:1E L:18
UPID
US15-0887440
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
-
Kirmar Property Management Property Management Company
-
HOMZ: Hoya Capital Housing ETF Corporate Office Financial Advisor
-
Hoya Capital Real Estate Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.49M
Blend (final)
Blend
$3.16M
Owner & transaction history
137 Ad Astra LLC
137 Ad Astra LLC
since 2025
6 recorded transactions
Zoning & alternative use
B3 · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+18.2%
Commercial (general)
$3.2M
+11.1%
Auto repair, garage
$3.1M
+7.5%
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
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
OFFICE BUILDING
$2,925,000
Current use
RESTAURANT
$3,455,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,245,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,140,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$2,500,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$3.16M
Range $2.84M – $3.47M · ±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
$235 / 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
$84,099
Tax year 2023
Assessed value
$3,515,130
Assessed 2023
Previous assessed
$3,515,130
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,999,770
Assessed improvement
$1,515,360
Applied tax rate
129.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
11
Bathrooms
15
Total area
13,448 SF
Lot
0.34 ac (14,810 SF)
Zoning code
B3
APN
NORW M:6 B:1E L:18
UPID
US15-0887440
Jurisdiction
NORWALK
Zoning & alternative use
B3 · Norwalk, CT
Zoning B3 · permitted uses
B3 · 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
OFFICE BUILDING Current
Est. value
$2.9M
RESTAURANT
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$2.5M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
11
Bathrooms
15
Lot
0.34 ac
Current owner
From public records · entity-resolved
137 Ad Astra LLC
Entity
Mailing address
707 SUMMER ST, STAMFORD, CT 06901-1026
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2025
—
137 Ad Astra LLC
Sage Rowayton Assoc LLC
Warranty Deed
$5,100,000 · Sikorsky Financial Credit Union INC
Apr 20, 2005
$7,760,000
Ta 2 Rowayton LLC
Rich Rowayton Prtnr LLC
Warranty Deed
—
Oct 4, 2001
—
Rich Rowayton Ptnrs
—
Deed Of Trust
related
$300,000 · Zuckerman Family Nomi
Oct 4, 2001
$3,430,000
Rich Rowayton Ptnrs
Rowayton Partners LLC
Warranty Deed
related
$2,500,000 · Peoples Bank
Mar 31, 1998
—
Rowayton Partners LLC
—
Deed Of Trust
related
$1,150,000 · Bank Of New York
Aug 31, 1995
$1,050,000
Rowayton Ptnrs LLC
One Three Seven Ptnrs
Warranty Deed
$1,075,000 · 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.
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?”
You own 137 Rowayton Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
