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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Industrial properties
22 Smith St Norwalk, CT 06855-1061
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-0565974
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
STEEL FRAME
Total area
40,575 SF
Lot
0.77 ac (33,585 SF)
Zoning code
I1
APN
NORW M:3 B:5 L:9
UPID
US15-0565974
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
-
PurePoint Energy Solar Energy Company Solar Energy System Service
-
Sound Control Technologies Inc Electronics & Wireless Store Big Box & Wholesale Store
-
JKB DAIRA INC Department Store
-
Sound Control Technologies Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.04M
Owner & transaction history
South Smith 22 LLC · 7 yrs held
South Smith 22 LLC
since 2018
4 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
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$26 / 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
$57,207
Tax year 2023
Assessed value
$2,280,430
Assessed 2023
Previous assessed
$2,280,430
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$728,960
Assessed improvement
$1,551,470
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
10
Total area
40,575 SF
Lot
0.77 ac (33,585 SF)
Zoning code
I1
APN
NORW M:3 B:5 L:9
UPID
US15-0565974
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.
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
10
Lot
0.77 ac
Current owner
From public records · entity-resolved
South Smith 22 LLC
Entity
Mailing address
4 WATSON CT, NORWALK, CT 06854-3818
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2018
$6,000,000
South Smith 22 LLC
22 S Smith St LLC
Warranty Deed
$3,060,000 · Bank Of America
Oct 13, 2011
—
22 South Smith Street LLC
—
Deed Of Trust
related
$1,300,000 · Wells Fargo Mortgage
Nov 16, 2001
$2,000,000
22 S Smith St LLC
Purdue Pharma LP
Warranty Deed
$2,100,000 · Cornerstone Bank
Jul 16, 1997
$1,800,000
Prudue Pharma LP
Smith Street Assoc
Warranty 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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