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Property profile & analytics
OFF-MARKET
Estimated value
$4,540,000
Office buildings
37 Nn Ave Norwalk, CT 06851-3827
Individually Owned
4-yr Hold
Free & Clear
Property ID
US15-0875876
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
STEEL FRAME
Total area
27,576 SF
Lot
1.28 ac (55,931 SF)
Zoning code
B
APN
NORW M:1 B:79 L:31
UPID
US15-0875876
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
-
Pediatric Dental Sedation Specialists of Connecticut Dental Office
-
Dr. Carol Felder Dental Office
-
Rongoe Engineers LLC Structural Engineer
-
Norwalk Dental Associates Dental Office
-
Vector Marketing Fairfield CT Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.83M
Blend (final)
Blend
$4.54M
Owner & transaction history
Sound FCU · 4 yrs held
Sound FCU
since 2021
Last sale
$4.2M
6 recorded transactions
Zoning & alternative use
B · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.1M
+18.6%
Commercial (general)
$6.7M
+11.5%
Auto repair, garage
$6.4M
+7.9%
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
$4,755,000
ML approach
$4,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,975,000
Current use
RESTAURANT
$7,085,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,660,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,445,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$5,125,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$4.54M
Range $4.09M – $4.99M · ±10% · vs last sale $4.18M (Oct 28 2021)
Last sale anchor
$4.18M
Oct 28 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
$165 / 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
$60,435
Tax year 2023
Assessed value
$2,409,130
Assessed 2023
Previous assessed
$2,409,130
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$994,600
Assessed improvement
$1,414,530
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 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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
11
Bathrooms
6
Total area
27,576 SF
Lot
1.28 ac (55,931 SF)
Zoning code
B
APN
NORW M:1 B:79 L:31
UPID
US15-0875876
Jurisdiction
NORWALK
Zoning & alternative use
B · Norwalk, CT
Zoning B · permitted uses
B · 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
OFFICE BUILDING Current
Est. value
$6.0M
RESTAURANT
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.4M
RETAIL STORES
Est. value
$5.1M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
11
Bathrooms
6
Lot
1.28 ac
Current owner
From public records · entity-resolved
Sound FCU
Individual
Free & Clear · 4 yrs held
Mailing address
37 NN AVE, NORWALK, CT 06851-3827
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2021
$4,175,000
Sound FCU
Ij Group LLC
Warranty Deed
—
Jan 16, 2015
$2,200,000
Ij Group LLC
Lavender Assoc
Warranty Deed
$1,650,000 · Patriot National Bank
Feb 2, 2012
—
Lavender Assoc LP
—
Deed Of Trust
related
$1,475,000 · The Bank Of New Cannon
Feb 27, 2004
—
European A Ctr R Est H Co
—
Deed Of Trust
related
$250,000 · Housatonic I Dev Corp
Jul 6, 1995
—
Donald Hunter
—
Deed Of Trust
related
$28,000 · Sally Sewall
Jan 23, 1987
—
Lavender Assoc
—
Deed Of Trust
related
$2,000,000 · 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.
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