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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Office buildings
2 Riverside Rd Sandy Hook, CT 06482
Entity Owned
24-yr Hold
Free & Clear
Property ID
US15-0715356
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1838
Construction
FRAME
Total area
4,129 SF
Lot
0.63 ac (27,443 SF)
Zoning code
SHDD
APN
NEWT M:39 B:4 L:5
UPID
US15-0715356
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
$1.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Kmc Inv Corp · 24 yrs held
Kmc Inv Corp
since 2002
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
SHDD · Sandy Hook, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sandy Hook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandy Hook 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
$1,745,000
ML approach
$1,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±10% · vs last sale $2.40M (Jan 30 2025)
Last sale anchor
$2.40M
Jan 30 2025
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
$506 / 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
$6,168
Tax year 2023
Assessed value
$235,060
Assessed 2023
Previous assessed
$210,410
+11.7% YoY
Effective rate
2.62%
On assessed value
Assessed land
$129,280
Assessed improvement
$105,780
Applied tax rate
106.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1838
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
3
Bathrooms
2
Total area
4,129 SF
Lot
0.63 ac (27,443 SF)
Zoning code
SHDD
APN
NEWT M:39 B:4 L:5
UPID
US15-0715356
Jurisdiction
NEWTOWN
Zoning & alternative use
SHDD · Sandy Hook, CT
Zoning SHDD · permitted uses
SHDD · Sandy Hook, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sandy Hook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1838
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
3
Bathrooms
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Kmc Inv Corp
Entity
Free & Clear · 24 yrs held
Mailing address
4 RIVERSIDE RD, SANDY HOOK, CT 06482-1288
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2002
—
K M C Inv LLC
—
Deed Of Trust
related
$350,000 · Wachovia Mortgage Co
May 17, 2002
$365,000
Kmc Inv Corp
Potter,erwin N
Grant Deed
—
Nov 6, 2001
$365,000
Kmc Investment Corp
Potter,erwin N
Grant Deed
—
Oct 11, 1990
—
Erwin Potter
—
Deed Of Trust
related
$104,155 · Ct Natl Bk
Jun 16, 1989
—
Erwin Potter
—
Deed Of Trust
related
$340,000 · Peoples Bank
Feb 10, 1988
$290,000
Erwin Potter
Fasanella,richard
Grant Deed
$250,000 · Peoples 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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