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    Property profile & analytics

    181 Main St Norwalk, CT 06851-3626

    • Super regional malls
    • 17,973 SF
    • 0.71 lot acres
    OFF-MARKET
    Last Sale
    Jan 19, 2022
    $1,700,000
    Value Estimations
    $1,710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0266919
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tech Compass / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Norfield / (Bike/Boat/Book/etc) Store / Corporate Office
    • SHEL Dental, P.C. / Dental Office
    • customized medical / Employment Agency
    • Dr. Joseph Yakuboff, DDS / Dental Office

    Property Details for 181 Main St

    Year built
    1956
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.71 lot acres
    Property size
    17,973 SF
    Zone code
    B2
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    NORW M:1 B:92 L:17
    APU
    NORWM1B92L17

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,735,000
      ML approach
      $1,830,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,495,000
      COMMERCIAL (GENERAL)
      $2,045,000
      AUTO REPAIR, GARAGE
      $1,890,000
      APARTMENT HOUSE (5+ UNITS)
      $1,865,000
      RETAIL STORES
      $1,560,000
      MEDICAL BUILDING
      $1,390,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4211
    Latitude
    41.1258
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $38,823
    $806,170
    $741,440
    $1,547,610
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,400,000
      39,501 SF

      384 Westport Ave, Unit 404

      REGIONAL SHOPPING CENTER, MALL • 39,501 SF
      384 Westport Ave, Norwalk, CT 06851-4423
      View Details
    • Value Estimation by Request
      3,788 SF

      180 Main St

      REGIONAL SHOPPING CENTER, MALL • 3,788 SF
      180 Main St, Norwalk, CT 06851-3639
      View Details
    • Value Estimation by Request
      8,100 SF

      456 Main Ave

      REGIONAL SHOPPING CENTER, MALL • 8,100 SF
      456 Main Ave, Norwalk, CT 06851-1057
      View Details
    • Value Estimation
      $925,000
      24,137 SF

      149 Westport Ave, Unit 163

      REGIONAL SHOPPING CENTER, MALL • 24,137 SF
      149 Westport Ave, Norwalk, CT 06851-5233
      View Details
    • Value Estimation
      $595,000
      15,397 SF

      299 Westport Ave

      REGIONAL SHOPPING CENTER, MALL • 15,397 SF
      299 Westport Ave, Norwalk, CT 06851-4311
      View Details
    • Value Estimation by Request
      8,693 SF

      267 Main Ave

      REGIONAL SHOPPING CENTER, MALL • 8,693 SF
      267 Main Ave, Norwalk, CT 06851
      View Details

    Similar Nearby for Sale

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      4,800 SF

      Fully Leased Retail Property

      Retail property with two tenants, being sold with adjacent property.
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    • $179,000
      Pending

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      Profitable gas station in a prime Fairfield County location.
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      Retail Property in Norwalk, CT

      Retail property available for sale in Norwalk, Connecticut.
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      Norwalk Restaurant Redevelopment Opportunity

      Prime Norwalk location, redevelopment potential.
      71 Main St, Norwalk, CT 06851
      View Details

    Similar Nearby for Lease

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      2,000 SF

      Norwalk Retail Strip Center Space

      45,658 SF strip center with strong anchor tenant.
      380-390 Westport Ave, Norwalk, CT 06851
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    • Contact for pricing
      800 SF

      Retail Space on Route 7

      Highly visible retail center on Route 7 with ample parking.
      607 Main Ave, Norwalk, CT 06851
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    • $26 SF/Yr
      28,000 SF

      Norwalk Office/Retail Space

      Prime Norwalk location, 2,000 sq ft available.
      205 Main St, Norwalk, CT 06851
      View Details
    • Contact for pricing
      1,625 SF

      Norwalk Retail Space Available

      Retail space available for lease in Norwalk, Connecticut.
      345 Main Ave, Norwalk, CT 06851
      View Details
    • Contact for pricing

      Retail Space Near Whole Foods

      Retail space in high-traffic Norwalk location, next to Whole Foods.
      596 Westport Ave, Norwalk, CT 06851
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease at 650 Main Ave.
      650 Main Ave, Norwalk, CT 06851
      View Details
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    181 Main St
    Norwalk, CT 06851-3626
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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