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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Office buildings
18 Locust Ave New Canaan, CT 06840-7700
Entity Owned
10-yr Hold
Free & Clear
Property ID
US15-0097291
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Construction
FRAME
Total area
8,268 SF
Lot
0.45 ac (19,602 SF)
Zoning code
RETB
APN
NCAN M:000T B:211 L:00888
UPID
US15-0097291
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
-
Crossing Thresholds Inc. Charitable Organization Social Service Agency
-
Davidson, Dawson & Clark LLP Law Firm
-
Tight Lines Advisors Business Management Consultant
-
House Pet Plant Sitting Company Kennel & Boarding Facility
-
Little's Specialty Foods, Inc. Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.76M
Owner & transaction history
Lj 18 Properties LLC · 10 yrs held
Lj 18 Properties LLC
since 2015
3 recorded transactions
Zoning & alternative use
RETB · New Canaan, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
2004 Revision
Top alternative use upside
Restaurant
$2.1M
+47.2%
Auto repair, garage
$1.9M
+33.9%
Commercial (general)
$1.9M
+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 New Canaan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Canaan 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,445,000
Current use
RESTAURANT
$2,125,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,930,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,925,000
Change: +34% · Conversion: Easy
RETAIL STORES
$1,535,000
Change: +7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,310,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±10%
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
$213 / 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
$71,092
Tax year 2023
Assessed value
$3,753,540
Assessed 2023
Previous assessed
$3,753,540
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$1,623,230
Assessed improvement
$2,130,310
Applied tax rate
127.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
2
Total area
8,268 SF
Lot
0.45 ac (19,602 SF)
Zoning code
RETB
APN
NCAN M:000T B:211 L:00888
UPID
US15-0097291
Jurisdiction
NEW CANAAN
Zoning & alternative use
RETB · New Canaan, CTZoning RETB · permitted uses
RETB · New Canaan, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2004 Revision
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Lj 18 Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
174 INDIAN WATERS DR, NEW CANAAN, CT 06840-6100
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2015
$2,800,000
Lj 18 Properties LLC
Ne Equities LLC
Warranty Deed
—
Feb 26, 2015
$1,125,000
Lj 18 Properties LLC
Tinico LLC
Warranty Deed
—
Sep 20, 2005
$1,700,000
Ne Equities LLC
Susan Socci
Warranty Deed
$1,275,000 · Greenwich B&t
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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