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Property profile & analytics
FOR SALE
Banks
24 Cherry St Naugatuck, CT 06770
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-0561499
For Sale
1 / 35
$600,000
24 Cherry St, Naugatuck, CT 06770
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1970
Construction
FRAME
Total area
3,240 SF
Lot
0.33 ac (14,375 SF)
Zoning code
RA1
APN
NAUG M:069 L:8900
UPID
US15-0561499
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
-
Connecticut Condo Connection Real Estate Agency
-
Manuel N Vieira Agency Insurance Agency
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
Ion Bk · 7 yrs held
Ion Bk
since 2018
7 recorded transactions
Zoning & alternative use
RA1 · Naugatuck, 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 Naugatuck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Naugatuck 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
$17,216
Tax year 2023
Assessed value
$384,720
Assessed 2023
Previous assessed
$384,720
+0.0% YoY
Effective rate
4.47%
On assessed value
Assessed land
$88,200
Assessed improvement
$296,520
Applied tax rate
346.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
4
Total area
3,240 SF
Lot
0.33 ac (14,375 SF)
Zoning code
RA1
APN
NAUG M:069 L:8900
UPID
US15-0561499
Jurisdiction
NAUGATUCK
Zoning & alternative use
RA1 · Naugatuck, CT
Zoning RA1 · permitted uses
RA1 · Naugatuck, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Naugatuck. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
4
Lot
0.33 ac
Current owner
From public records · entity-resolved
Ion Bk
Individual
Mailing address
251 CHURCH ST, NAUGATUCK, CT 06770-4121
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2018
$307,331
Ion Bk
Ion Ins Co
Warranty Deed
—
Nov 14, 2013
—
Naugatuck Savings Bank
Vieira,manuel N & Carol J
Warranty Deed
—
Nov 30, 2011
—
Manuel N Viera
—
Deed Of Trust
related
$26,400 · Naugatuck Savings Bank
Apr 21, 2010
—
Manuel N Vieira
—
Deed Of Trust
related
$150,000 · Naugatuck Savings Bank
Mar 10, 2009
—
Manuel N Vieira
—
Deed Of Trust
related
$125,000 · Frederick Dlugokecki
Jul 13, 2007
—
Manuel N Vieira
—
Deed Of Trust
related
$100,000 · Naugatuck Savings Bank
Oct 4, 2002
—
Manuel N Vieira
—
Deed Of Trust
related
$20,000 · Naugatuck Savings Bank
Jan 19, 1994
—
Manuel Vieira
—
Deed Of Trust
related
$156,000 · Naugatuck Savings Bank
Feb 2, 1990
—
Manuel N Vieira
—
Deed Of Trust
related
$125,000 · Naugatuck Savings Bank
May 1, 1987
—
Manuel Vieira Agency
—
Deed Of Trust
related
$300,000 · Connecticut Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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