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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Office buildings
22 Knight St Norwalk, CT 06851-4747
Entity Owned
7-yr Hold
Free & Clear
Property ID
US15-0374366
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1860
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,712 SF
Lot
0.25 ac (11,000 SF)
Zoning code
I1
APN
NORW M:1 B:68 L:15
UPID
US15-0374366
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
-
Teel Inc Laboratory
-
Teel Technologies Business Service Center
-
Izzi B's Allergen-Free Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$650k
Owner & transaction history
Lucichar LLC · 7 yrs held
Lucichar LLC
since 2018
7 recorded transactions
Zoning & alternative use
I1 · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Norwalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwalk 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,020,000
Current use
RETAIL STORES
$875,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$138 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$16,467
Tax year 2023
Assessed value
$656,430
Assessed 2023
Previous assessed
$656,430
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$247,380
Assessed improvement
$409,050
Applied tax rate
129.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1860
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Bathrooms
5
Total area
4,712 SF
Lot
0.25 ac (11,000 SF)
Zoning code
I1
APN
NORW M:1 B:68 L:15
UPID
US15-0374366
Jurisdiction
NORWALK
Zoning & alternative use
I1 · Norwalk, CT
Zoning I1 · permitted uses
I1 · Norwalk, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norwalk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
RETAIL STORES
Est. value
$875,000
OFFICE BUILDING Current
RETAIL STORES
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
1860
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Bathrooms
5
Lot
0.25 ac
Current owner
From public records · entity-resolved
Lucichar LLC
Entity
Free & Clear · 7 yrs held
Mailing address
469 RIDERS LN, FAIRFIELD, CT 06824-1940
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2018
—
Lucichar LLC
—
Deed
related
$428,000 · New England Cert Dev
Jul 25, 2018
$1,040,000
Lucichar LLC
Knight Mgmt LLC
Warranty Deed
—
Jul 15, 2018
—
Lucichar LLC
—
Deed
related
$936,000 · Fairfield County Bank
Jul 28, 2005
$650,000
Knight Mgmt INC
Delia,joseph L SR
Warranty Deed
$480,000 · Ffld County Bank Corp
Dec 30, 1999
$33,333
Richard Bartoli
Frank Bartoli JR T
Deed Of Trust
related
—
Oct 1, 1999
$33,333
Richard J Bartoli
Bartoli,john J
Warranty Deed
related
—
Sep 23, 1999
$33,333
Richard J Bartoli
Bartoli,michael
Grant Deed
related
—
May 19, 1995
—
Mary Bartoli
—
Deed Of Trust
related
$68,000 · Norwalk Savings Society
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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