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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Investment properties
340 Palmer Hl Rd Riverside, CT 06878-1025
Entity Owned
5-yr Hold
Property ID
US15-0083626
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1921
Construction
FRAME
Total area
4,005 SF
Lot
0.13 ac (5,663 SF)
Zoning code
LBR-1
APN
GREE M:12 B:1368/S
UPID
US15-0083626
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
-
LaBella's Fine Wine & Spirits Specialty Food Shop Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.68M
Owner & transaction history
Palmer 340 LLC · 5 yrs held
Palmer 340 LLC
since 2021
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
LBR-1 · Riverside, 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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
$1,795,000
ML approach
$1,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±10% · vs last sale $1.58M (Mar 4 2021)
Last sale anchor
$1.58M
Mar 4 2021
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
$419 / 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
$11,929
Tax year 2023
Assessed value
$1,025,150
Assessed 2023
Previous assessed
$1,025,150
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$407,820
Assessed improvement
$617,330
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
Off-Market
Year built
1921
Construction
FRAME
Heating
NONE
Buildings
1
Stories
3
Rooms
2
Total area
4,005 SF
Lot
0.13 ac (5,663 SF)
Zoning code
LBR-1
APN
GREE M:12 B:1368/S
UPID
US15-0083626
Jurisdiction
GREENWICH
Zoning & alternative use
LBR-1 · Riverside, CTZoning LBR-1 · permitted uses
LBR-1 · Riverside, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1921
Construction
FRAME
Heating
NONE
Stories
3
Buildings
1
Rooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Palmer 340 LLC
Entity
Mailing address
559 WW RD, NEW CANAAN, CT 06840-2512
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2021
$1,575,000
Palmer 340 LLC
Beacon 27 LLC
Warranty Deed
—
Aug 9, 2018
$1,500,000
Beacon 27 LLC
Fairfield Opportunity
Warranty Deed
$1,125,000 · Peoples United Bank
Mar 10, 2009
$900,000
Fairfield Opport Inv LLC
340 Palmer Hill Road LLC
Warranty Deed
$820,000 · Peoples Bank
Sep 8, 2004
—
340 Palmer Hill Road LLC
—
Deed Of Trust
related
$750,000 · First County Bank
Dec 19, 2003
$760,000
340 Palmer Hill Rd LLC
Cece,donald J
Warranty Deed
$578,750 · 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.
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