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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Showrooms
241 Ethan Allen Hwy Ridgefield, CT 06877-6244
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0558247
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1987
Construction
STEEL FRAME
Total area
41,235 SF
Lot
7.96 ac (346,738 SF)
Zoning code
SB
APN
REDD M:35 L:63
UPID
US15-0558247
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
-
Vibrant Storage Storage Facility
-
EP Therapeutics Medical Clinic
-
Dapco Industries Inc Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
241 Ethan Allen LLC · 5 yrs held
241 Ethan Allen LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
SB · Ridgefield, CT
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 Ridgefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgefield 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
$2,250,000
ML approach
$2,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±10% · vs last sale $1.80M (Jul 19 2021)
Last sale anchor
$1.80M
Jul 19 2021
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
$50 / 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
$42,006
Tax year 2023
Assessed value
$1,517,000
Assessed 2023
Previous assessed
$1,517,000
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$1,222,200
Assessed improvement
$294,800
Applied tax rate
130.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
41,235 SF
Lot
7.96 ac (346,738 SF)
Zoning code
SB
APN
REDD M:35 L:63
UPID
US15-0558247
Jurisdiction
REDDING
Zoning & alternative use
SB · Ridgefield, CTZoning SB · permitted uses
SB · Ridgefield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ridgefield CT
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
7.96 ac
Current owner
From public records · entity-resolved
241 Ethan Allen LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1 THORNDAL CIR, DARIEN, CT 06820-5425
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2023
—
241 Ethan Allen LLC
—
Deed
related
$22,000,000 · Wells Fargo Bank NA
Jul 19, 2021
$1,800,000
241 Ethan Allen LLC
Dominick A Pagano
Warranty Deed
—
Feb 22, 2011
—
Dominick A Pagano
—
Deed Of Trust
related
$1,395,174 · Peoples Bank
Jun 6, 1997
—
Dominick A Pagano
—
Deed Of Trust
related
$54,000 · Maria T Pagano
Jun 15, 1994
—
Dominick A Pagano
—
Deed Of Trust
related
$255,000 · Peoples Bank
Dec 4, 1990
—
Dominick A Pagano
—
Deed Of Trust
related
$4,900,000 · Union Trust Co
Jan 12, 1990
—
Dominick A Pagano
—
Deed Of Trust
related
$725,000 · Citytrust
Jun 5, 1989
$675,000
Dominick A Pagano
Guariglia,carl J
Grant Deed
—
Jun 1, 1989
—
Dominick A Pagano
—
Deed Of Trust
related
$550,000 · Webster Bank
Aug 9, 1988
—
Dominick Pagano
—
Deed Of Trust
related
$2,000,000 · Union Trust Co
Aug 12, 1987
—
Dominick A Pagano
—
Deed Of Trust
related
$3,500,000 · Union Trust Co
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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