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    Property profile & analytics

    23 1st St Norwalk, CT 06855-2332

    • Investment properties
    • 3,883 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US15-0501656
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • America Insurance Company LLC / Auto Insurance Agency
    • Capital Castle / Building Design Company
    • Alliance Group Services / Business Development Service
    • CT Gun Broker - Satellite Office / Gun Shop / Appraiser
    • Boatify / Yacht Broker

    Property Details for 23 1st St

    Year built
    1922
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.27 lot acres
    Property size
    3,883 SF
    Zone code
    NB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NORW M:3 B:42 L:8
    APU
    NORWM3B42L8

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $330,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $370,000
      Mixed-Use
      $280,000
      Hospitality
      $270,000
      Educational
      $295,000
      Residential Income
      $285,000
      Energy
      $310,000
      Income-Based Land
      $340,000
      Food Service
      $320,000

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4041
    Latitude
    41.0986
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,067
    $416,170
    $184,450
    $600,620
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $630,000
      3,150 SF

      20 Edlie Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,150 SF
      20 Edlie Ave, Norwalk, CT 06855-1214
      View Details
    • Value Estimation
      $630,000
      3,336 SF

      215 Liberty Sq

      OFFICE/RESIDENTIAL (MIXED USE) • 3,336 SF
      215 Liberty Sq, Norwalk, CT 06855-1054
      View Details
    • Value Estimation
      $755,000
      0.16 Acres

      12 Rowan St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.16 Acres
      12 Rowan St, Norwalk, CT 06855-1941
      View Details
    • Value Estimation
      $350,000
      4,409 SF

      2 Fitch St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,409 SF
      2 Fitch St, Norwalk, CT 06855-1309
      View Details
    • Value Estimation
      $360,000
      3,812 SF

      69 Winfield St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,812 SF
      69 Winfield St, Norwalk, CT 06855-2158
      View Details
    • Value Estimation
      $240,000
      1,680 SF

      23 12th 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,680 SF
      23 12th 1st St, Norwalk, CT 06855-2335
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Three-bedroom, two-bath home near the beach and train.
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      Norwalk Flex/Industrial Space Available

      Flex/industrial space available for lease in Norwalk, Connecticut.
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      View Details
    • $3,450 /Mo

      Renovated Three-Bedroom Unit For Rent

      Fully renovated three-bedroom unit available for rent.
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      View Details
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    23 1st St
    Norwalk, CT 06855-2332
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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