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Property profile & analytics
FOR SALE
Theaters & concert halls
27 Railroad St North Canaan, CT 06018
Individually Owned
3-yr Hold
Free & Clear
Property ID
US15-0065778
For Sale
1 / 40
$695,000
27 Railroad St, North Canaan, CT 06018
View Listing →
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1920
Construction
FRAME
Total area
10,383 SF
Lot
0.24 ac (10,454 SF)
Zoning code
3
APN
NRCA M:22 L:207-0
UPID
US15-0065778
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
-
Stunning Styles Hair Hair Salon
-
Canaan Colonial Theatre Cinema Theater & Performing Art Venue
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
Canaan Centennial Theatre · 3 yrs held
Canaan Centennial Theatre
since 2023
Last sale
$325,000
7 recorded transactions
Zoning & alternative use
3 · Canaan, 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 North Canaan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Canaan 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
$7,119
Tax year 2023
Assessed value
$279,160
Assessed 2023
Previous assessed
$279,160
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$48,160
Assessed improvement
$231,000
Applied tax rate
226.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
For Sale
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Bathrooms
4
Total area
10,383 SF
Lot
0.24 ac (10,454 SF)
Zoning code
3
APN
NRCA M:22 L:207-0
UPID
US15-0065778
Jurisdiction
NORTH CANAAN
Zoning & alternative use
3 · Canaan, CT
Zoning 3 · permitted uses
3 · Canaan, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canaan. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Bathrooms
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
Canaan Centennial Theatre
Individual
Free & Clear · 3 yrs held
Mailing address
27 RAILROAD ST, CANAAN, CT 06018
Ownership since
2023
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
Apr 24, 2023
$325,000
Canaan Centennial Theatre
Canfield Group LLC
Warranty Deed
—
Jun 20, 2013
$325,000
Canfield Group LLC
Lee Bank
Warranty Deed
—
Aug 6, 2012
—
Lee Bank
Colonial Theatre LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jan 3, 2008
—
Colonial Theatre LLC
—
Deed Of Trust
related
$24,046 · Philip Ghi
Apr 20, 2006
—
Colonial Theatre LLC
—
Deed Of Trust
related
$650,000 · Lee Bank
Sep 30, 2005
—
Colonial Theatre LLC
—
Deed Of Trust
related
$500,000 · Salisbury Bank & Trust Co
May 27, 2005
—
Colonial Theatre LLC
—
Deed Of Trust
related
$400,000 · Salisbury Bank & 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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