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Property profile & analytics
OFF-MARKET
Banks
208 Elm St New Canaan, CT 06840-5309
Entity Owned
Absentee Owner
Free & Clear
Property ID
US15-0396252
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,234 SF
Lot
0.25 ac (10,890 SF)
Zoning code
BUSA
APN
NCAN M:000L B:017 L:00092
UPID
US15-0396252
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
208-212 Elm Street LLC
208-212 Elm Street LLC
since 2025
5 recorded transactions
Zoning & alternative use
BUSA · New Canaan, CT
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 New Canaan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Canaan 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$42,480
Tax year 2024
Assessed value
$2,632,000
Assessed 2024
Previous assessed
$2,632,000
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$1,228,920
Assessed improvement
$1,403,080
Applied tax rate
127.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
3,234 SF
Lot
0.25 ac (10,890 SF)
Zoning code
BUSA
APN
NCAN M:000L B:017 L:00092
UPID
US15-0396252
Jurisdiction
NEW CANAAN
Zoning & alternative use
BUSA · New Canaan, CTZoning BUSA · permitted uses
BUSA · New Canaan, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2004 Revision
Building & site characteristics
From public records
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
208-212 Elm Street LLC
Entity
Free & Clear · 0 yrs held
Mailing address
59 GRV ST, NEW CANAAN, CT 06840-5332
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
—
208-212 Elm Street LLC
New Canaan Lumber Co
Quitclaim Deed
related
—
Jan 5, 2024
—
Lane L Jorgensen
Lane L Jorgensen
Warranty Deed
related
—
Sep 7, 2005
—
New Canaan Lumber Co
—
Deed Of Trust
related
$2,500,000 · The Bank Of New Cannon
Jul 12, 2001
—
New Canaan Lumber Co
—
Deed Of Trust
related
$1,500,000 · Ridgefield Bank
Apr 2, 1990
—
New Canaan Lumber Co
—
Deed Of Trust
related
$1,800,000 · Connecticut Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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