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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Office Spaces
31 Imperial Ave Westport, CT 06880-4303
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US15-0145337
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1892
Total area
2,868 SF
Lot
0.84 ac (36,590 SF)
Zoning code
RPOD
APN
WPOR M:D09 L:018-000
UPID
US15-0145337
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
-
Green Seed Group Big Box & Wholesale Store
-
Bluewater Home Builders, LLC Construction Company General Contractor
-
Patricia D. Brennan, LPC Physician
-
Dr Jeffrey Obner Lcsw Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$738k
Blend (final)
Blend
$715k
Owner & transaction history
Gsg Props LLC · 15 yrs held
Gsg Props LLC
since 2011
7 recorded transactions
Zoning & alternative use
RPOD · Westport, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
33-7 Permanent Signs Permitted in RPOD, RORD, CPD, and HDD Districts 33-8 Permanent Signs Permitted in Other Non-Residence Districts: (RBD, GBD, GBD/S, GBD/SM, GBD/R, HSD, BPD, DDD, BPD, BCD & BCD/H) 33-8.1 Sign Area 33-8.2 Wall Signs 33-8.3 Projecting or Hanging Signs 33-8.4 Free-Standing Signs 33-9 Non-Commercial Content 33-10 Severability 33-11 Coastal/Sh…
Zone name
Restricted Professional Office Retail District
General category
COMMERCIAL
Zone area
13.17 ac
Top alternative use upside
Auto repair, garage
$670,000
+33.9%
Retail stores
$535,000
+6.5%
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
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
OFFICE BUILDING
$500,000
Current use
AUTO REPAIR, GARAGE
$670,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$535,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$249 / 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
$14,674
Tax year 2023
Assessed value
$799,700
Assessed 2023
Previous assessed
$799,700
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed improvement
$799,700
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
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1892
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
9
Total area
2,868 SF
Lot
0.84 ac (36,590 SF)
Zoning code
RPOD
APN
WPOR M:D09 L:018-000
UPID
US15-0145337
Jurisdiction
WESTPORT
Zoning & alternative use
RPOD · Westport, CTZoning RPOD · permitted uses
RPOD · Westport, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
33-7 Permanent Signs Permitted in RPOD, RORD, CPD, and HDD Districts 33-8 Permanent Signs Permitted in Other Non-Residence Districts: (RBD, GBD, GBD/S, GBD/SM, GBD/R, HSD, BPD, DDD, BPD, BCD & BCD/H) 33-8.1 Sign Area 33-8.2 Wall Signs 33-8.3 Projecting or Hanging Signs 33-8.4 Free-Standing Signs 33-9 Non-Commercial Content 33-10 Severability 33-11 Coastal/Shoreline Public Access Signs Signs Location and Design
Zone name
Restricted Professional Office Retail District
General category
COMMERCIAL
Zone area
13.17 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$670,000
RETAIL STORES
Est. value
$535,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1892
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
9
Lot
0.84 ac
Current owner
From public records · entity-resolved
Gsg Props LLC
Entity
Mailing address
31 IMPERIAL AVE, WESTPORT, CT 06880-4303
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Sep 19, 2019
—
Bluewater Clapboard LLC
—
Deed
related
$2,030,812 · Fairfield County Bank
Nov 18, 2013
—
29 Imperial Avenue LLC
—
Deed Of Trust
related
$990,000 · Bankwell Bank
Jul 19, 2011
$1,300,000
Gsg Props LLC
Mcp Imperial Ave LLC
Warranty Deed
$1,080,000 · Webster Bank
Dec 2, 2010
—
Mcp Imperial Ave LLC
—
Deed Of Trust
related
$987,500 · Bank Of Fairfield
Sep 28, 2010
$1,500,000
Mcp Imperial Avenue LLC
29-31 Imperial Avenue LLC
Warranty Deed
—
Aug 9, 2005
—
29-31 Imperial Ave LLC
—
Deed Of Trust
related
$500,000 · Hudson United Bank
Jan 20, 2004
$1,700,000
29-31 Imperial Avenue LLC
Scholl,robert P
Warranty Deed
$1,500,000 · Hudson United Bank
Mar 26, 2003
—
Robert P Scholl
—
Deed Of Trust
related
$164,649 · Fleet National Bank
Aug 5, 1998
—
Robert Scholl
—
Deed Of Trust
related
$175,000 · Citibank NA
May 30, 1996
—
Robert Scholl
—
Deed Of Trust
related
$140,000 · Citibank NA
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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