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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Residential income homes
159 Frst Ave Fairfield, CT 06824-6573
Individually Owned
1-yr Hold
Property ID
US15-1180564
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1954
Total area
3,328 SF
Lot
0.2 ac (8,640 SF)
Zoning code
B
APN
FAIR M:183 B:158
UPID
US15-1180564
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
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$990k
Owner & transaction history
Robert Horvath · 1 yrs held
Robert Horvath
since 2024
Last sale
$989,000
7 recorded transactions
Zoning & alternative use
B · Fairfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+93.4%
Auto repair, garage
$780,000
+47.5%
Retail stores
$620,000
+17.3%
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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
$990,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,020,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$780,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $989k (Aug 19 2024)
Last sale anchor
$989k
Aug 19 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
$297 / 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
$13,757
Tax year 2024
Assessed value
$493,080
Assessed 2024
Previous assessed
$493,080
+0.0% YoY
Effective rate
2.79%
On assessed value
Assessed land
$293,790
Assessed improvement
$199,290
Applied tax rate
104.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1954
Heating
FORCED AIR
Buildings
1
Stories
2
Units
4
Rooms
16
Bathrooms
4
Total area
3,328 SF
Lot
0.2 ac (8,640 SF)
Zoning code
B
APN
FAIR M:183 B:158
UPID
US15-1180564
Jurisdiction
FAIRFIELD
Zoning & alternative use
B · Fairfield, CT
Zoning B · permitted uses
B · Fairfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$780,000
RETAIL STORES
Est. value
$620,000
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
1954
Heating
FORCED AIR
Stories
2
Buildings
1
Units
4
Rooms
16
Bathrooms
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Robert Horvath
Individual
Mailing address
159 FRST AVE STE #2, FAIRFIELD, CT 06824-6573
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2024
$989,000
Robert Horvath
Tri-state Bus Vent III Ll
Warranty Deed
$741,750 · M & T Bank
Oct 19, 2021
$795,000
Tri State Property LLC
Beaumont Properties LLC
Warranty Deed
$130,000 · Silver Heights Dev LLC
Jan 2, 2014
—
Beaumont Properties LLC
Derosa,john
Quit Claim Deed
related
$1,086,000 · Hud-housing/urban Dev
May 14, 2007
$1
John J Derosa
Beaumont Properties
Grant Deed
related
—
Nov 17, 2006
$1
Beaumont Prop LLC
Derosa,john J
Grant Deed
related
—
Oct 2, 2006
$750,000
John J Derosa
Englewood Assoc
Warranty Deed
$600,000 · Provident Funding Group INC
Oct 2, 2006
—
John J Derosa
—
Deed Of Trust
related
$75,000 · Provident Funding Group INC
Dec 20, 2002
—
Mark Greengarden
—
Deed Of Trust
related
$350,000 · National City Mortgage Co
Aug 31, 2001
$323,333
Mark Greengarden
Fortuna,phyllis M
Warranty Deed
$363,750 · National City Mortgage Co
Aug 31, 2001
$161,666
Mark Greengarden
Fortuna David R Est
Grant Deed
—
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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