Realmo Analytics

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Property profile

21 Frst St New Canaan, CT 06840

OFF-MARKET
Showrooms
Property ID
US15-0660559
38,955 SF 0.54 ac lot Built 2015
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Class A, 4,375-square-foot storefront at 21 Forest Street in New Canaan, Connecticut, presents a compelling investment opportunity. Located within the prestigious Heritage Square development (built in 2016), this commercial condominium unit boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $161,081 and a 6.50% capitalization rate. The property is currently leased to two established tenants, House of Telos and Look New Canaan, under long-term…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2016

What does the county charge?
$96k
Tax billed · 2016
Assessed value$5.65M
Assessed land$1.30M
Assessed improvement$4.36M
Effective rate1.69%

Value estimate

· Oct 2026
$2.53M
$2.27M – $2.78M
Submarket $/SF estimate$2.33M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$233/SF
County average, outlier-cleaned · 754 recorded sales of this use type
Observed band · Q1–Q3$108 – $389

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
850
JurisdictionNEW CANAAN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop13.1
Auto Parts Store12.3
Building Supply12.0

Location

21 Frst St New Canaan, CT 06840-4755
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
112 Main, New Canaan, CT 06840-4730 $5,100,000 Dec 2025 12,146 SF
229 Elm, New Canaan, CT 06840-5310 $8,564,888 Jun 2025 23,983 SF
4 Elm, New Canaan, CT 06840-5501 $6,025,000 Jan 2025 5,454 SF
87 Main, New Canaan, CT 06840-4757 $2,450,000 May 2023 6,417 SF
78 Main, New Canaan, CT 06840 $4,650,000 Nov 2022 9,804 SF
11 Burtis, New Canaan, CT 06840-5532 $3,397,700 Dec 2021 13,135 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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