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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Apartment buildings
201 Main St Westport, CT 06880-3204
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US15-0815860
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1850
Construction
FRAME
Total area
5,108 SF
Lot
0.54 ac (23,522 SF)
Zoning code
RBD
APN
WPOR M:C10 L:091-000
UPID
US15-0815860
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
Current use
Occupant on record · Public records
-
Studio45. Gym & Fitness Center
-
Body By Lance Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$595k
Blend (final)
Blend
$550k
Owner & transaction history
Ct Marion Ave LLC · 4 yrs held
Ct Marion Ave LLC
since 2022
2 recorded transactions
Zoning & alternative use
RBD · Westport, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
33-8 Permanent Signs Permitted in Other Non-Residence Districts: (RBD, GBD, GBD/S, GBD/SM, GBD/R, HSD, BPD, DDD, BPD, BCD & BCD/H) 33-8.1 Sign Area 33-8.2 Wall Signs 33-8.3 Projecting or Hanging Signs 33-8.4 Free-Standing Signs 33-9 Non-Commercial Content 33-10 Severability 33-11 Coastal/Shoreline Public Access Signs Signs Location and Design
Zone name
Restricted Business District
General category
COMMERCIAL
Zone area
42.99 ac
Top alternative use upside
Office building
$890,000
+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 Westport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westport 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
by Request
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$810,000
Current use
OFFICE BUILDING
$890,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
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
$108 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$56,711
Tax year 2024
Assessed value
$3,045,700
Assessed 2024
Previous assessed
$3,045,700
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$1,159,700
Assessed improvement
$1,886,000
Applied tax rate
138.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1850
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
2
Stories
3
Units
12
Bathrooms
3
Total area
5,108 SF
Lot
0.54 ac (23,522 SF)
Zoning code
RBD
APN
WPOR M:C10 L:091-000
UPID
US15-0815860
Jurisdiction
WESTPORT
Zoning & alternative use
RBD · Westport, CTZoning RBD · permitted uses
RBD · Westport, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
33-8 Permanent Signs Permitted in Other Non-Residence Districts: (RBD, GBD, GBD/S, GBD/SM, GBD/R, HSD, BPD, DDD, BPD, BCD & BCD/H) 33-8.1 Sign Area 33-8.2 Wall Signs 33-8.3 Projecting or Hanging Signs 33-8.4 Free-Standing Signs 33-9 Non-Commercial Content 33-10 Severability 33-11 Coastal/Shoreline Public Access Signs Signs Location and Design
Zone name
Restricted Business District
General category
COMMERCIAL
Zone area
42.99 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$810,000
OFFICE BUILDING
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS) Current
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
1850
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
2
Units
12
Bathrooms
3
Lot
0.54 ac
Current owner
From public records · entity-resolved
Ct Marion Ave LLC
Entity
Mailing address
109 MONTGOMERY AVE STE #102, SCARSDALE, NY 10583-5531
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
Ct Marion Ave LLC
Belden Place LLC
Warranty Deed
$4,340,000 · Pgim Real Estate Fininancial LLC
Jan 10, 2018
$3,250,000
Belden Place LLC
Nappa Anna T
Executors 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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