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Property profile & analytics
FOR SALE
Retail space
28 Washington St Norwalk, CT 06854
Entity Owned
7-yr Hold
Free & Clear
Property ID
US15-0432052
For Sale
1 / 5
$12,000,000
28 Washington St, Norwalk, CT 06854
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Construction
STEEL FRAME
Total area
28,205 SF
Lot
1.14 ac (49,642 SF)
Zoning code
SNBD
APN
NORW M:2 B:42 L:4
UPID
US15-0432052
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
-
Safavieh Home Furnishings Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$950k
Owner & transaction history
28 Wa St LLC · 7 yrs held
28 Wa St LLC
since 2019
7 recorded transactions
Zoning & alternative use
SNBD · 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
Method
Estimation
Statistic approach
by Request
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10%
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
$34 / 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
$96,913
Tax year 2023
Assessed value
$3,863,220
Assessed 2023
Previous assessed
$3,863,220
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,607,160
Assessed improvement
$2,256,060
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
3
Total area
28,205 SF
Lot
1.14 ac (49,642 SF)
Zoning code
SNBD
APN
NORW M:2 B:42 L:4
UPID
US15-0432052
Jurisdiction
NORWALK
Zoning & alternative use
SNBD · Norwalk, CT
Zoning SNBD · permitted uses
SNBD · 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
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
3
Lot
1.14 ac
Current owner
From public records · entity-resolved
28 Wa St LLC
Entity
Free & Clear · 7 yrs held
Mailing address
40 HBR PARK DR, PORT WASHINGTON, NY 11050-4602
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Mar 28, 2019
$5,800,000
28 Wa St LLC
Dwb Hldgs LLC
Warranty Deed
—
Nov 30, 2016
—
Dwb Hld LLC
—
Deed
related
—
Nov 16, 2010
—
Dwb Holding LLC
—
Deed Of Trust
related
$3,350,000 · Peoples Bank
Jun 1, 2005
—
Dwb Holding LLC
—
Deed Of Trust
related
$3,966,000 · Peoples Bank
Oct 2, 1998
$347,800
Dwb Hldng LLC
Klaffs INC
Warranty Deed
$2,700,000 · Peoples Bank
Oct 2, 1998
—
Dwb Hldng LLC
—
Deed Of Trust
related
$778,000 · Zenon Grzybowski
Sep 7, 1995
—
Klaffs INC
—
Deed Of Trust
related
$60,000 · Norwalk City
Aug 16, 1995
—
Klaffs INC
—
Deed Of Trust
related
$550,000 · Peoples Bank
Dec 30, 1993
—
Klaffs INC
—
Deed Of Trust
related
$1,050,000 · Gateway Bank
May 24, 1991
—
Klaffs INC
—
Deed Of Trust
related
$173,920 · Zwi Kohorn
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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