Entity Owned Property summary
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… triple-net (NNN) leases, ensuring consistent cash flow. The building features 15 parking spaces for tenant and customer convenience. Situated in a vibrant downtown location, this property benefits from high foot traffic and proximity to numerous restaurants and shops, including Green & Tonic, Hashi Sushi, Cava Wine Bar, Athletic Shoe Factory, and Mattress Firm. Its convenient location is also a short walk from Elm Street and the Metro-North train station. The property is zoned for Business A use and offers a rare opportunity to acquire a high-performing retail asset in a desirable New Canaan location. The asking price is $2,495,000.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2016
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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