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Property profile & analytics
OFF-MARKET
Investment properties
23 Richards Ave Norwalk, CT 06854-2309
Entity Owned
Free & Clear
Property ID
US15-0624331
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
3.37 ac (146,751 SF)
Zoning code
A2
APN
NORW M:5 B:71 L:14
UPID
US15-0624331
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
-
Reynolds Farms Nursery and Country Garden Center Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Titus Farms LLC
Titus Farms LLC
since 2026
7 recorded transactions
Zoning & alternative use
A2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$33,724
Tax year 2023
Assessed value
$1,350,800
Assessed 2023
Previous assessed
$1,350,800
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$931,460
Assessed improvement
$419,340
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
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Units
1
Lot
3.37 ac (146,751 SF)
Zoning code
A2
APN
NORW M:5 B:71 L:14
UPID
US15-0624331
Jurisdiction
NORWALK
Zoning & alternative use
A2 · Norwalk, CT
Zoning A2 · permitted uses
A2 · 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
Heating
NONE
Cooling
Yes
Buildings
2
Units
1
Lot
3.37 ac
Current owner
From public records · entity-resolved
Titus Farms LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 30, NORWALK, CT 06856-0030
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2026
—
Titus Farms LLC
Jeffrey T Deorio
Warranty Deed
—
Dec 30, 2025
—
Jeffrey T Deorio
Vincent J Deorio T
Deed
—
Nov 25, 2019
—
Deorio,vincent Trust
Jeffrey Deorio
Quit Claim Deed
related
—
Mar 20, 2019
—
Deorio,vincent Trust
Deorio,vincent
Quit Claim Deed
related
—
Jan 17, 2014
—
Jeffrey Deorio
Deorio,vincent
Quit Claim Deed
related
—
Aug 10, 2010
$1
Jeffrey Deorio
Deorio,vincent J
Grant Deed
related
—
May 26, 1994
$170,000
Vincent Deorio
Ruot,alisa
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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