Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Gas stations
307 Connecticut Ave Norwalk, CT 06854-1802
Individually Owned
8-yr Hold
Free & Clear
Property ID
US15-0468965
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
2002
Construction
STEEL FRAME
Total area
7,342 SF
Lot
0.33 ac (14,423 SF)
Zoning code
B1
APN
NORW M:5 B:74 L:1
UPID
US15-0468965
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
-
Shell Gas Station
-
DOCS Primary Care - Norwalk Physician
-
Clean&shiny Hand Car Wash Car Wash
-
Clean&Shine,Hand Car Wash Car Wash
-
Dunkin' Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Cdr Props 307 Conn · 8 yrs held
Cdr Props 307 Conn
since 2018
7 recorded transactions
Zoning & alternative use
B1 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,255,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$110 / 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
$80,223
Tax year 2023
Assessed value
$3,188,402
Assessed 2023
Previous assessed
$3,188,402
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$905,660
Assessed improvement
$2,282,742
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
2
Total area
7,342 SF
Lot
0.33 ac (14,423 SF)
Zoning code
B1
APN
NORW M:5 B:74 L:1
UPID
US15-0468965
Jurisdiction
NORWALK
Zoning & alternative use
B1 · Norwalk, CT
Zoning B1 · permitted uses
B1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.3M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Cdr Props 307 Conn
Individual
Free & Clear · 8 yrs held
Mailing address
536 MAIN ST, NEW PALTZ, NY 12561-1609
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2024
—
Cpd Prop-307 Ct Ave LLC
—
Deed
related
$130,500,000 · Manufacturers & Traders Trust Co
Jun 28, 2023
—
Cpd Prop-307 Ct Ave LLC
—
Deed
related
$130,500,000 · Nj Energy Realty LLC
May 17, 2018
$792,430
Cdr Props 307 Conn
Stop & Shop Supermarket
Warranty Deed
—
Apr 6, 2018
—
Chestnut Mart Of Norwalk
—
Deed
related
$6,800,000 · Manufacturers & Traders Tr
Apr 30, 2002
—
Stop Supermar
—
Deed Of Trust
related
$300,000 · Motiva Enterprises
Oct 1, 1998
$1,400,000
Stop Supermark
Roval Prop LP
Warranty Deed
—
Sep 23, 1993
$1,039,254
Roval Prop LP
Funding Corp
Warranty Deed
—
—
—
Chestnut Mart Of Norwalk
—
Deed Of Trust
related
$9,729,000 · Manufacturers & Traders Tr
—
—
Chestnut Mart Of Norwalk
—
Deed Of Trust
related
$6,800,000 · Manufacturers & Traders Tr
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 307 Connecticut Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
