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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Commercial real estate
227 Stepney Rd 233 Easton, CT 06612-1213
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0633238
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1927
Total area
3,014 SF
Lot
3.4 ac (148,104 SF)
Zoning code
R3
APN
EAST M:3771 L:4
UPID
US15-0633238
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
-
J. Edwards & Associates Aerial Photographer Civil Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$550k
Blend (final)
Blend
$510k
Owner & transaction history
James S Edwards · 1 yrs held
James S Edwards
since 2024
7 recorded transactions
Zoning & alternative use
R3 · Easton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$705,000
+79.6%
Retail stores
$560,000
+42.8%
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 Easton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Easton 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
$375,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$390,000
Current use
AUTO REPAIR, GARAGE
$705,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$560,000
Change: +43% · Conversion: Easy
OFFICE BUILDING
$365,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$169 / 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
$14,128
Tax year 2023
Assessed value
$487,830
Assessed 2023
Previous assessed
$487,830
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$321,160
Assessed improvement
$166,670
Applied tax rate
122.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1927
Heating
NONE
Buildings
2
Stories
1
Total area
3,014 SF
Lot
3.4 ac (148,104 SF)
Zoning code
R3
APN
EAST M:3771 L:4
UPID
US15-0633238
Jurisdiction
EASTON
Zoning & alternative use
R3 · Easton, CT
Zoning R3 · permitted uses
R3 · Easton, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Easton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$390,000
AUTO REPAIR, GARAGE
Est. value
$705,000
RETAIL STORES
Est. value
$560,000
OFFICE BUILDING
Est. value
$365,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1927
Heating
NONE
Stories
1
Buildings
2
Lot
3.4 ac
Current owner
From public records · entity-resolved
James S Edwards
Individual
Free & Clear · 1 yrs held
Mailing address
80 SUNNY RDG RD, EASTON, CT 06612-1233
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Dec 6, 2024
—
James S Edwards
Edwards James Sherwood T
Deed
—
Jun 18, 2020
—
Julius W Hull
—
Deed
related
$119,280 · Carol Ann Kranyik
Mar 4, 2019
—
Danna Ft Trust
Danna,peter A & Lorraine J
Quit Claim Deed
related
—
Nov 28, 2018
$375,480
Christopher Acosta
Bank Ny Mellon
Warranty Deed
—
Sep 20, 2017
$520,125
Dodge,n P JR Trust
Jones,karen
Warranty Deed
—
Feb 17, 2017
—
Stephen Yudelson
Yudelson,holly
Quit Claim Deed
related
—
Nov 2, 2016
$80,000
Rumana Hoq
Grc Construction LLC
Warranty Deed
—
—
—
Julius W Hull
—
Deed Of Trust
related
$119,280 · Carol Ann Kranyik
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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