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Property profile & analytics
OFF-MARKET
Residential income homes
28 Davenport Ave Westport, CT 06880-5830
Individually Owned
32-yr Hold
~
Est. High Equity
Property ID
US15-0715017
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1924
Total area
2,692 SF
Lot
0.26 ac (11,326 SF)
Zoning code
B
APN
WPOR M:B05 L:075-000
UPID
US15-0715017
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
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
Joe Palmieri JR. · 32 yrs held
Joe Palmieri JR.
since 1993
4 recorded transactions
Zoning & alternative use
B · Westport, 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 Westport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westport 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
$9,109
Tax year 2023
Assessed value
$496,400
Assessed 2023
Previous assessed
$496,400
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$205,500
Assessed improvement
$290,900
Applied tax rate
138.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1924
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
4
Rooms
16
Bathrooms
4
Total area
2,692 SF
Lot
0.26 ac (11,326 SF)
Zoning code
B
APN
WPOR M:B05 L:075-000
UPID
US15-0715017
Jurisdiction
WESTPORT
Zoning & alternative use
B · Westport, CT
Zoning B · permitted uses
B · Westport, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1924
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
4
Rooms
16
Bathrooms
4
Lot
0.26 ac
Current owner
From public records · entity-resolved
Joe Palmieri JR.
Individual
Mailing address
118 BURR CT, BRIDGEPORT, CT 06605-2210
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2012
—
Joseph A Palmieri
—
Deed Of Trust
related
$250,000 · Bank Of Fairfield
Jul 11, 2005
—
Joseph A Palmieri JR.
—
Deed Of Trust
related
$590,000 · Credit Suisse Fir Fin
Aug 23, 1993
$280,000
Joe Palmieri JR.
Westport B&t
Grant Deed
$460,000 · Zenon Grzybowski
Dec 3, 1987
$305,000
Williams Dev Mason
Smith,ronald
Grant Deed
$575,000 · Connecticut National Bank
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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