Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20 E Elm St Greenwich, CT 06830

    • Investment properties
    • 18,273 SF
    • 0.37 lot acres
    For Lease
    View listing
    Last Sale
    Jun 27, 2024
    $11,956,000
    Value Estimations
    $11,955,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0487346
    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

    • Dr. Sarah E. Dolder, MD / Physician / Medical Clinic
    • Jacqueline G Berliner, MD / Physician / Medical Clinic
    • Saks Fifth Avenue 10022-SHOE / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Greenwich Point Dermatology / Spa & Massage Center / Alternative Medicine Practice
    • Meghan Obrien / Physician / Medical Clinic

    Property Details for 20 E Elm St

    Year built
    1928
    Construction
    STEEL FRAME
    Lot size
    0.37 lot acres
    Property size
    18,273 SF
    Zone code
    CGB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    GREE M:01 B:2119/S
    APU
    GREEM01B2119S

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,955,000
      ML approach
      $11,955,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,212,000
      Market price range: $3.56M - $17.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwich
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.625
    Latitude
    41.0266
    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
    $117,862
    $2,434,670
    $7,694,400
    $10,129,070
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $655,000
      10,072 SF

      17 Elm St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,072 SF
      17 Elm St, Greenwich, CT 06830-6518
      View Details
    • Value Estimation by Request
      4,741 SF

      409 Fld Pt Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,741 SF
      409 Fld Pt Rd, Greenwich, CT 06830-7041
      View Details
    • Value Estimation
      $635,000
      6,275 SF

      46-48 Greenwich Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,275 SF
      46-48 Greenwich Ave, Greenwich, CT 06830
      View Details
    • Value Estimation
      $555,000
      4,800 SF

      158 Greenwich Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,800 SF
      158 Greenwich Ave, Greenwich, CT 06830-6548
      View Details
    • Value Estimation
      $640,000
      6,403 SF

      396 Greenwich Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,403 SF
      396 Greenwich Ave, Greenwich, CT 06830-6523
      View Details
    • Value Estimation by Request
      4,210 SF

      116 Greenwich Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,210 SF
      116 Greenwich Ave, Greenwich, CT 06830-5504
      View Details

    Similar Nearby for Sale

    • $1,720,000

      Greenwich Mixed-Use Investment Opportunity

      Income-producing property with residential and commercial units in central Greenwich.
      555-557 W Putnam Ave, Greenwich, CT 06830
      View Details
    • $7,000,000
      5,088 SF

      Luxury Lofts and Townhome Investment

      Five-unit investment property in downtown Greenwich with luxury finishes.
      63 Church St, Greenwich, CT 06830
      View Details
    • $9,850,000

      Greenwich Specialty Property For Sale

      Specialty property available for purchase in Greenwich, Connecticut.
      3 Anderson Rd, Greenwich, CT 06830
      View Details
    • $1,295,000

      Updated Triplex Near Transportation

      Three renovated units near public transportation and Metro North station.
      34 Alexander St, Greenwich, CT 06830
      View Details
    • $1,200,000

      Greenwich Specialty Property For Sale

      Specialty property available for purchase in Greenwich, Connecticut.
      131 Henry St, Greenwich, CT 06830
      View Details
    • $1,225,000

      Greenwich Three-Family Home

      Three-family home in Greenwich with investment potential.
      38 Alexander St, Greenwich, CT 06830
      View Details

    Similar Nearby for Lease

    • $115 SF/Yr

      Class A Office Building

      Four-story, 86,937-square-foot Class A office building in downtown Greenwich.
      2 Pickwick Plz #101, Greenwich, CT 06830
      View Details
    • Contact for pricing
      4,975 SF

      Class A Office Space

      Prestigious office building anchored by Morgan Stanley on Greenwich Ave.
      1 Fawcett Pl, Greenwich, CT 06830
      View Details
    • Contact for pricing
      1,750 SF

      Class A Office Space

      Class A office space available for rent in Greenwich, CT.
      282 Railroad Ave, Greenwich, CT 06830
      View Details
    • $2,200 /Mo

      Renovated One Bedroom Apartment

      Charming, renovated one-bedroom apartment with included utilities.
      271 Greenwich Ave, Greenwich, CT 06830
      View Details
    • $13,500 /Mo

      Elegant Three-Bedroom Unit For Rent

      Three-bedroom, two-and-a-half-bathroom unit with high-end appliances.
      28 Columbus Ave, Greenwich, CT 06830
      View Details
    • Contact for pricing
      5,156 SF

      Renovated Office/Retail Building Available

      Four-story, 20,684 SF renovated office/retail building, future availability.
      140 Greenwich Ave, Greenwich, CT 06830
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20 E Elm St
    Greenwich, CT 06830
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.