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Property profile & analytics
FOR LEASE
Office buildings
370 E Main St Ansonia, CT 06401
Individually Owned
3-yr Hold
Free & Clear
Property ID
US15-1301542
For Lease
1 / 33
$1,100,000 SF/Yr
370 E Main St, Ansonia, CT 06401
View Listing →
Property summary
AI-generated overview
Full Kitchen. Fully remodeled in last year this is a great buy. Main area is approximately 7500 Sq. Ft with a 2000 Sq. Ft. second story mezzanine. Multiple Bars
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,820 SF
Lot
0.28 ac (12,197 SF)
Zoning code
HI
APN
ANSO M:045 B:0028 L:000C
UPID
US15-1301542
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
-
The Spot Bar & Pub Restaurant
-
A C E Cosmetology High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$721k
Blend (final)
Blend
$520k
Owner & transaction history
Srinivas Yethirajam · 3 yrs held
Srinivas Yethirajam
since 2022
7 recorded transactions
Zoning & alternative use
HI · Ansonia, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$850,000
+30.7%
Commercial (general)
$655,000
+0.7%
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 Ansonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ansonia 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
$650,000
Current use
RESTAURANT
$850,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$655,000
Change: +1% · Conversion: Easy
RETAIL STORES
$630,000
Change: -3% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$610,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$530,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$89 / 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
$9,970
Tax year 2023
Assessed value
$379,960
Assessed 2023
Previous assessed
$379,960
+0.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$46,060
Assessed improvement
$333,900
Applied tax rate
316.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Lease
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
5,820 SF
Lot
0.28 ac (12,197 SF)
Zoning code
HI
APN
ANSO M:045 B:0028 L:000C
UPID
US15-1301542
Jurisdiction
ANSONIA
Zoning & alternative use
HI · Ansonia, CT
Zoning HI · permitted uses
HI · Ansonia, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ansonia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$650,000
RESTAURANT
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$655,000
RETAIL STORES
Est. value
$630,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$530,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Srinivas Yethirajam
Individual
Free & Clear · 3 yrs held
Mailing address
313 KAYS LNDG DR, SANFORD, FL 32771-7785
Ownership since
2022
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
Aug 22, 2025
—
Srinivas Yethirajam
—
Deed
related
$350,000 · Silver Hl Capital LLC
Nov 14, 2022
—
Srinivas Yethirajam
370 LLC
Warranty Deed
—
Jun 17, 2016
—
370 LLC
—
Deed
related
$175,000 · Eaal Equity LLC
Jul 2, 2009
$425,000
370 LLC
S P Snookers LLC
Warranty Deed
$500,000 · Zuckerman Family Nomi
Dec 1, 2008
$400,000
Sp Snookers LLC
Mstg Properties LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Apr 8, 2003
$355,000
M S T G Properties LLC
G & S Properties LLC
Warranty Deed
$530,000 · Business Loan Center INC
Mar 29, 2001
—
G&s Prop LLC
—
Deed Of Trust
related
$375,000 · Cit Small Business Lending Co
Aug 28, 1998
—
G&s Prop LLC
—
Deed Of Trust
related
$250,000 · Apex Mortgage Corp
Dec 15, 1997
—
G Property
—
Deed Of Trust
related
$122,400 · Biagio Pelaccia
—
—
370 LLC
—
Deed Of Trust
related
$175,000 · Eaal Equity LLC
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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