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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Residential income homes
194 Myrtle St, Shelton, CT 06484-4061
Individually Owned
3-yr Hold
Property ID
US15-0289806
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1910
Total area
3,664 SF
Lot
0.09 ac (3,920 SF)
Zoning code
R-4
APN
SHEL M:106A L:103
UPID
US15-0289806
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$510k
Owner & transaction history
Youzeng Huang · 3 yrs held
Youzeng Huang
since 2022
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
R-4 · Shelton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$680,000
+17.3%
Office building
$640,000
+10.1%
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 Shelton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelton 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
$510,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$580,000
Current use
RETAIL STORES
$680,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$640,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $500k (Nov 16 2022)
Last sale anchor
$500k
Nov 16 2022
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
$139 / 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
$4,762
Tax year 2023
Assessed value
$272,580
Assessed 2023
Previous assessed
$272,580
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$37,520
Assessed improvement
$235,060
Applied tax rate
110.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
1
Units
4
Total area
3,664 SF
Lot
0.09 ac (3,920 SF)
Zoning code
R-4
APN
SHEL M:106A L:103
UPID
US15-0289806
Jurisdiction
SHELTON
Zoning & alternative use
R-4 · Shelton, CT
Zoning R-4 · permitted uses
R-4 · Shelton, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$580,000
RETAIL STORES
Est. value
$680,000
OFFICE BUILDING
Est. value
$640,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
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
1910
Heating
NONE
Stories
1
Buildings
1
Units
4
Lot
0.09 ac
Current owner
From public records · entity-resolved
Youzeng Huang
Individual
Mailing address
194 MYRTLE ST, SHELTON, CT 06484-4061
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2022
$500,000
Youzeng Huang
Kevin Hunter
Warranty Deed
$375,000 · Caliber Home Loans INC
Dec 7, 2018
$355,000
Kevin Hunter
Wei Tian
Warranty Deed
$266,250 · The Federal Savings Bank
Aug 30, 2005
$394,500
Wei Tian
Crowther Mgmt LLC
Warranty Deed
$315,600 · Wells Fargo Mortgage
Jul 12, 2004
$368,500
Sharon Crowther
Fry,daniel
Warranty Deed
$276,375 · Peoples Mortgage Corp
Apr 10, 2002
$197,000
Daniel Fry
Hoffman,morris
Warranty Deed
$187,150 · Lehman Brothers Holdings INC
Aug 31, 1988
$275,000
Morris Hoffman
Boccash,rose
Grant Deed
$220,000 · Great Western Mortgage Co
Mar 16, 1988
$193,000
Rose Baccash
L S Prop INC
Grant Deed
$154,400 · Connecticut National Bank
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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