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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail space
1392 Ss Ave Stratford, CT 06615-6620
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0288486
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,780 SF
Lot
0.14 ac (6,098 SF)
Zoning code
RM-1
APN
STRA M:40-7 B:2 L:1
UPID
US15-0288486
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
-
JuiceBox Yoni Steam Spa & Massage Center
-
Haar by Joyce Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$454k
Blend (final)
Blend
$505k
Owner & transaction history
1392 South Ave LLC · 2 yrs held
1392 South Ave LLC
since 2023
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
RM-1 · Stratford, 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 Stratford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stratford 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
$405,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$705,000
Current use
COMMERCIAL (GENERAL)
$630,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $575k (Dec 29 2023)
Last sale anchor
$575k
Dec 29 2023
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
$134 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,595
Tax year 2024
Assessed value
$263,550
Assessed 2024
Previous assessed
$263,550
+0.0% YoY
Effective rate
4.02%
On assessed value
Assessed land
$100,730
Assessed improvement
$162,820
Applied tax rate
114.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Total area
3,780 SF
Lot
0.14 ac (6,098 SF)
Zoning code
RM-1
APN
STRA M:40-7 B:2 L:1
UPID
US15-0288486
Jurisdiction
STRATFORD
Zoning & alternative use
RM-1 · Stratford, CT
Zoning RM-1 · permitted uses
RM-1 · Stratford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stratford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$630,000
RETAIL STORES Current
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
1392 South Ave LLC
Entity
Mailing address
1392 SS AVE, STRATFORD, CT 06615-6620
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$575,000
1392 South Ave LLC
C-bass Mtg Loan Ass-2007-
Warranty Deed
—
Dec 5, 2019
—
Us Bk NA
Frank V Rago
Foreclosure
related
—
Jul 25, 2006
$1
Frank Rago
South Avenue LLC
Grant Deed
related
—
Mar 23, 2005
—
South Avenue LLC
—
Deed Of Trust
related
$150,000 · Dominick Neri
May 4, 2004
$110,000
South Avenue LLC
Alanz,rawda
Warranty Deed
—
Feb 27, 1997
$75,000
Nabil Alanz
Alvarado,antonio
Warranty Deed
$40,000 · Zwi Kohorn
Feb 27, 1991
—
Antonio Alvarado
—
Deed Of Trust
related
$11,000 · Zwi Kohorn
Feb 22, 1991
$90,000
Antonio Alvarado
Alvarado,norberto
Grant Deed
related
$30,000 · Zenon Grzybowski
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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