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Property profile & analytics
OFF-MARKET
Estimated value
$5,410,000
Commercial real estate
338 Commerce Dr Fairfield, CT 06825-5510
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US15-0258746
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,674 SF
Lot
2.58 ac (112,224 SF)
Zoning code
I1
APN
FAIR M:80 B:94
UPID
US15-0258746
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
-
Genesis of Fairfield Car Dealership
-
Nazuka Dojo Sports School
-
Balise Hyundai of Fairfield Car Dealership
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
call2disciple Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.43M
Blend (final)
Blend
$5.41M
Owner & transaction history
Cdr 328 LLC · 8 yrs held
Cdr 328 LLC
since 2018
7 recorded transactions
Zoning & alternative use
I1 · Fairfield, 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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
Blend value · Realmo final
$5.41M
Range $4.87M – $5.95M · ±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
$166 / 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
$186,404
Tax year 2023
Assessed value
$6,775,860
Assessed 2023
Previous assessed
$6,775,860
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$3,180,590
Assessed improvement
$3,595,270
Applied tax rate
104.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Units
9
Total area
32,674 SF
Lot
2.58 ac (112,224 SF)
Zoning code
I1
APN
FAIR M:80 B:94
UPID
US15-0258746
Jurisdiction
FAIRFIELD
Zoning & alternative use
I1 · Fairfield, CT
Zoning I1 · permitted uses
I1 · Fairfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
9
Lot
2.58 ac
Current owner
From public records · entity-resolved
Cdr 328 LLC
Entity
Mailing address
122 DOTY CIR, WEST SPRINGFIELD, MA 01089-1310
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
—
Cdr-328 LLC
—
Deed
related
$280,119,000 · The Huntington National Bank
Dec 20, 2019
—
Cdr 328 LLC
—
Grant Deed
related
$329,357,500 · Huntington Nat'l Bk
Apr 19, 2018
$5,200,000
Cdr 328 LLC
338 Cmrc Drive LLC
Warranty Deed
—
May 27, 2004
—
Commerce Dr 338
—
Deed Of Trust
related
$1,750,000 · Newalliance Bank
May 30, 2000
—
338 Commerce Dr LLC
—
Deed Of Trust
related
$1,300,000 · New Haven Savings Bank
Jun 24, 1992
—
338 State St Ext Assoc
—
Deed Of Trust
related
$110,000 · Mechanics Svgs Bk
Jan 5, 1989
—
338 State St Ext Assoc
—
Deed Of Trust
related
$1,470,000 · Mech & Farm Svgs Bk
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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