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Property profile & analytics
FOR LEASE
Investment properties
280 Railroad Ave Greenwich, CT 06830
Entity Owned
3-yr Hold
Property ID
US15-0573625
For Lease
1 / 2
$11,330,000
280 Railroad Ave, Greenwich, CT 06830
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1981
Construction
CONCRETE
Total area
21,778 SF
Lot
1.09 ac (47,480 SF)
Zoning code
GB
APN
GREE M:01 B:2519/S
UPID
US15-0573625
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
-
Marseafoods International Inc Take-out & Catering Fish Market
-
Celebrity Cleaners (Bike/Boat/Book/etc) Store
-
Shair Greenwich Hair Salon
-
THE GREENWICH CONSERVATORY OF CLASSICAL BALLET Theater & Performing Art Venue Vocational School
-
Bella Nonna Restaurant & Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.67M
Blend (final)
Blend
$11.33M
Owner & transaction history
Summit Railroad Ave LLC · 3 yrs held
Summit Railroad Ave LLC
since 2022
Last sale
$12.5M
7 recorded transactions
Zoning & alternative use
GB · Greenwich, 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 Greenwich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenwich 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
$12,755,000
ML approach
$10,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.33M
Range $10.20M – $12.46M · ±10% · vs last sale $12.48M (Sep 14 2022)
Last sale anchor
$12.48M
Sep 14 2022
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
$520 / 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
$83,683
Tax year 2023
Assessed value
$7,191,730
Assessed 2023
Previous assessed
$7,191,730
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$5,121,830
Assessed improvement
$2,069,900
Applied tax rate
124.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
1
Stories
2
Rooms
17
Total area
21,778 SF
Lot
1.09 ac (47,480 SF)
Zoning code
GB
APN
GREE M:01 B:2519/S
UPID
US15-0573625
Jurisdiction
GREENWICH
Zoning & alternative use
GB · Greenwich, CT
Zoning GB · permitted uses
GB · Greenwich, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenwich. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Rooms
17
Lot
1.09 ac
Current owner
From public records · entity-resolved
Summit Railroad Ave LLC
Entity
Mailing address
280 RAILROAD AVE, GREENWICH, CT 06830-6338
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
$12,481,520
Summit Railroad Ave LLC
Berger Joel Paul Est
Executors Deed
$8,800,000 · Wells Fargo Bank NA
Sep 14, 2022
—
Summit Railroad Ave LLC
John M Downing
Warranty Deed
—
Apr 1, 2013
—
Joel P Berger
—
Deed Of Trust
related
$32,000 · Peoples Bank
Nov 26, 2002
—
Joel P Berger
—
Deed Of Trust
related
$3,700,000 · Peoples Bank
Nov 12, 1997
$166,680
John M Downing
Olin,leonard
Grant Deed
—
Nov 12, 1997
$194,460
Mitchell Quain
Olin,leonard
Grant Deed
—
Mar 31, 1995
$135,000
Mitchell Quain
Downing,john M
Warranty Deed
—
Jul 29, 1993
—
Joel Berger
—
Deed Of Trust
related
$2,400,000 · Peoples 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.
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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