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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Turn key restaurants
1371 Putnam Ave Old Greenwich, CT 06870-1303
Entity Owned
8-yr Hold
Free & Clear
Property ID
US15-0922634
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1991
Construction
STEEL FRAME
Total area
1,974 SF
Lot
0.75 ac (32,670 SF)
Zoning code
LB
APN
GREE M:12 B:1027/S
UPID
US15-0922634
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
-
Taco Bell Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$811k
Blend (final)
Blend
$610k
Owner & transaction history
Slingshot Holdings LLC · 8 yrs held
Slingshot Holdings LLC
since 2017
6 recorded transactions
Zoning & alternative use
LB · Old Greenwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Old Greenwich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Greenwich 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$505,000
Current use
AUTO REPAIR, GARAGE
$460,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$460,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$309 / 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
$40,177
Tax year 2023
Assessed value
$3,452,820
Assessed 2023
Previous assessed
$3,452,820
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,456,790
Assessed improvement
$996,030
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 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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
1,974 SF
Lot
0.75 ac (32,670 SF)
Zoning code
LB
APN
GREE M:12 B:1027/S
UPID
US15-0922634
Jurisdiction
GREENWICH
Zoning & alternative use
LB · Old Greenwich, CTZoning LB · permitted uses
LB · Old Greenwich, 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
RESTAURANT Current
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$460,000
COMMERCIAL (GENERAL)
Est. value
$460,000
RESTAURANT Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1991
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Slingshot Holdings LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1136 LUNETA DR, DEL MAR, CA 92014-2636
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Oct 26, 2017
$1,662,000
Slingshot Holdings LLC
Muy Properties Ne Ltd
Warranty Deed
—
Jul 10, 2014
—
Muy Properties Ne Ltd
—
Grant Deed
related
$63,000,000 · City Nat'l Bk
Feb 13, 2013
$2,010,000
Muy Properties Ne Ltd
Mystic Taco Props LP
Warranty Deed
$17,992,000 · G E Capital Corp
Apr 30, 1999
$460,000
Mystic Taco Prop LP
Taco Bell Corp
Warranty Deed
related
—
Apr 29, 1991
$1,140,000
Taco Bell Corp
1371 East Putnam Assoc
Warranty Deed
—
Oct 5, 1989
$800,000
1371 East Putnam Assoc
Caldor INC
Grant Deed
$760,000 · Peoples 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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