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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Office buildings
165 Water St Norwalk, CT 06854-3738
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US15-0515358
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
STEEL FRAME
Total area
53,168 SF
Lot
1.85 ac (80,586 SF)
Zoning code
I1
APN
NORW M:2 B:83 L:9
UPID
US15-0515358
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
-
NHRL - National Havoc Robot League Hotel & Motel Resort
-
Zorus, Inc (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
165 Water St Assoc LLC · 25 yrs held
165 Water St Assoc LLC
since 2001
7 recorded transactions
Zoning & alternative use
I1 · Norwalk, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$30 / 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
$85,391
Tax year 2023
Assessed value
$3,403,950
Assessed 2023
Previous assessed
$3,403,950
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,097,240
Assessed improvement
$2,306,710
Applied tax rate
129.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1950
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
5
Total area
53,168 SF
Lot
1.85 ac (80,586 SF)
Zoning code
I1
APN
NORW M:2 B:83 L:9
UPID
US15-0515358
Jurisdiction
NORWALK
Zoning & alternative use
I1 · Norwalk, CT
Zoning I1 · permitted uses
I1 · 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.
Building & site characteristics
From public records
Year built
1950
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
5
Lot
1.85 ac
Current owner
From public records · entity-resolved
165 Water St Assoc LLC
Entity
Mailing address
50 DAY ST, NORWALK, CT 06854-3170
Ownership since
2001
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
Nov 16, 2010
—
165 Water St Assoc LLC
—
Deed Of Trust
related
$3,976,000 · Peoples Bank
Jun 1, 2005
—
165 Water St Assoc LLC
—
Deed Of Trust
related
$950,000 · Peoples Bank
Apr 23, 2002
—
165 Water St Assoc LLC
—
Deed Of Trust
related
$4,000,000 · Peoples Bank
May 23, 2001
—
165 Water Street Assoc
—
Deed Of Trust
related
$950,000 · Klaffs INC
Apr 10, 2001
$550,000
165 Water St Assoc LLC
Norwest Mngt Co
Warranty Deed
$4,000,000 · Zenon Grzybowski
Jan 27, 2000
—
Norwest Mgmt
—
Deed Of Trust
related
$1,100,000 · Peoples Bank
Mar 17, 1999
—
Norwest Mgmt Co
—
Deed Of Trust
related
$1,200,000 · First Union National Bank
Sep 6, 1989
—
Norwest Mfg Co
—
Deed Of Trust
related
$2,250,000 · Merchants Bank & Trust Co
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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