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Property profile & analytics
OFF-MARKET
Estimated value
$57,430,000
Office buildings
1700 Putnam Ave Old Greenwich, CT 06870-1366
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-0955253
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
CONCRETE
Total area
176,547 SF
Lot
9.02 ac (392,911 SF)
Zoning code
GB
APN
GREE M:06 B:1380/S
UPID
US15-0955253
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
-
SV Investment Partners, LLC Financial Advisor
-
Schoonmaker, George, Colin & Blomberg, PC Law Firm
-
Fogarty Cohen Russo & Nemiroff LLC Law Firm
-
Withersworldwide Law Firm
-
Delicies Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$45.46M
Blend (final)
Blend
$57.43M
Owner & transaction history
Fm Greenwich Owner LLC · 5 yrs held
Fm Greenwich Owner LLC
since 2021
Last sale
$63.5M
2 recorded transactions
Zoning & alternative use
GB · Old Greenwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$45.4M
+47.2%
Auto repair, garage
$41.2M
+33.9%
Commercial (general)
$41.1M
+33.5%
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
$72,300,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$45,350,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$41,245,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$41,135,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$57.43M
Range $51.69M – $63.17M · ±10% · vs last sale $63.50M (Jul 15 2021)
Last sale anchor
$63.50M
Jul 15 2021
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
$325 / 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
$655,908
Tax year 2023
Assessed value
$56,368,830
Assessed 2023
Previous assessed
$56,368,830
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$7,119,770
Assessed improvement
$49,249,060
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
4
Total area
176,547 SF
Lot
9.02 ac (392,911 SF)
Zoning code
GB
APN
GREE M:06 B:1380/S
UPID
US15-0955253
Jurisdiction
GREENWICH
Zoning & alternative use
GB · Old Greenwich, CTZoning GB · permitted uses
GB · 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
Est. value
$45.4M
AUTO REPAIR, GARAGE
Est. value
$41.2M
COMMERCIAL (GENERAL)
Est. value
$41.1M
RESTAURANT
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
1960
Construction
CONCRETE
Heating
NONE
Stories
4
Buildings
1
Lot
9.02 ac
Current owner
From public records · entity-resolved
Fm Greenwich Owner LLC
Entity
Mailing address
667 MADISON AVE FL, NEW YORK, NY 10065-8021
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2021
$63,500,000
Fm Greenwich Owner LLC
Greenwich Centre LP
Warranty Deed
$46,411,295 · Gp Commercial Mtg LLC
Mar 30, 2005
—
Greenwich Centre LP
—
Deed Of Trust
related
$37,000,000 · Prudential Insurance 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.
Try Rey
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