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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Commercial real estate
195-197 Elizabeth St Derby, CT 06418
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-1309787
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
FRAME
Total area
5,114 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CDD
APN
DERB M:8 B:7 L:201
UPID
US15-1309787
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
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$542k
Blend (final)
Blend
$530k
Owner & transaction history
Oak Capital LLC · 3 yrs held
Oak Capital LLC
since 2023
Last sale
$520,000
4 recorded transactions
Zoning & alternative use
CDD · Derby, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$750,000
+29.8%
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 Derby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Derby 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
$515,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$575,000
Current use
RESTAURANT
$750,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$570,000
Change: -1% · Conversion: Easy
RETAIL STORES
$555,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$535,000
Change: -7% · Conversion: Moderate
AUTO REPAIR, GARAGE
$465,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $520k (Jun 2 2023)
Last sale anchor
$520k
Jun 2 2023
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
$104 / 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
$5,993
Tax year 2023
Assessed value
$155,260
Assessed 2023
Previous assessed
$155,260
+0.0% YoY
Effective rate
3.86%
On assessed value
Assessed land
$42,000
Assessed improvement
$113,260
Applied tax rate
324.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
NONE
Buildings
1
Units
5
Total area
5,114 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CDD
APN
DERB M:8 B:7 L:201
UPID
US15-1309787
Jurisdiction
DERBY
Zoning & alternative use
CDD · Derby, CT
Zoning CDD · permitted uses
CDD · Derby, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Derby. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$575,000
RESTAURANT
Est. value
$750,000
OFFICE BUILDING
Est. value
$570,000
RETAIL STORES
Est. value
$555,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$465,000
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1900
Construction
FRAME
Heating
NONE
Buildings
1
Units
5
Lot
0.1 ac
Current owner
From public records · entity-resolved
Oak Capital LLC
Entity
Mailing address
195 ELIZABETH ST #197, DERBY, CT 06418-1871
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
$520,000
Oak Capital LLC
195 Elizabeth St LLC
Warranty Deed
$390,000 · Newtown Savings Bank
Dec 15, 2011
$1
195 Elizabeth St LLC
Fico,ralph
Grant Deed
related
—
Mar 14, 1996
$16,250
Ralph J Fico
Jamaitis,kathleen
Warranty Deed
—
Mar 14, 1996
$32,500
Ralph J Fico
Luczaj,kenneth J
Warranty Deed
—
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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