Property profile

16 Commerce St Norwalk, CT 06850

OFF-MARKET
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Property ID
US15-0711440
8,280 SF 0.11 ac Built 1942
Last sale Sep 1998·$180,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 28-yr Hold Held for 28 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a commercial space located in Norwalk’s Central Business District. It is within walking distance of local shops, restaurants, and banks, and provides convenient access to Interstate 95 via exit 16.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$463k
Assessed land$159k
Assessed improvement$304k
Effective rate2.51%

Value estimate

· Nov 2026
$345k
$311k – $380k
Submarket $/SF estimate$747k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$241/SF
Submarket average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$179 – $316
Qualifying comparables14

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CBDA
JurisdictionNORWALK

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store8.8
Toy Store7.8
Catering Service7.6

Location

16 Commerce St Norwalk, CT 06850-4100
County assessor Recorded deeds · 1 transfer 14 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
18 Gold, Norwalk, CT 06850 $900,000 Dec 2022 4,369 SF
20 Isaacs, Norwalk, CT 06850-4107 $1,500,000 Sep 2020 6,209 SF
51 Wall, Norwalk, CT 06850-3412 $500,000 Sep 2020 4,648 SF
455 Ww, Norwalk, CT 06850-4001 $1,060,000 Aug 2019 3,927 SF
55 Wall, Norwalk, CT 06850-3427 $1,100,000 Mar 2019 5,040 SF
67 Wall, Norwalk, CT 06850-3411 $1,200,000 Jan 2019 4,945 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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