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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Office buildings
38th Grv St Ridgefield, CT 06877-4676
Individually Owned
15-yr Hold
Free & Clear
Property ID
US15-0130888
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,471 SF
Lot
1.12 ac (48,787 SF)
Zoning code
B-2
APN
RIDG M:E14 B:0199
UPID
US15-0130888
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$973k
Blend (final)
Blend
$1.37M
Owner & transaction history
Alexis Finlay · 15 yrs held
Alexis Finlay
since 2010
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
B-2 · Ridgefield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Light Industry
General category
UNKNOWN
Zone area
259.40 ac
Source
Realmo
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 Ridgefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgefield 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
$1.37M
Range $1.23M – $1.50M · ±10% · vs last sale $1.58M (Jun 4 2025)
Last sale anchor
$1.58M
Jun 4 2025
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
$64 / 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
$49,137
Tax year 2023
Assessed value
$1,903,790
Assessed 2023
Previous assessed
$1,903,790
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$296,800
Assessed improvement
$1,606,990
Applied tax rate
131.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
3
Rooms
6
Bathrooms
2
Total area
21,471 SF
Lot
1.12 ac (48,787 SF)
Zoning code
B-2
APN
RIDG M:E14 B:0199
UPID
US15-0130888
Jurisdiction
RIDGEFIELD
Zoning & alternative use
B-2 · Ridgefield, CTZoning B-2 · permitted uses
B-2 · Ridgefield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Light Industry
General category
UNKNOWN
Zone area
259.40 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
BASEBOARD
Cooling
Yes
Stories
3
Buildings
1
Rooms
6
Bathrooms
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Alexis Finlay
Individual
Free & Clear · 15 yrs held
Mailing address
38TH GRV ST, RIDGEFIELD, CT 06877-4676
Ownership since
2010
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
Aug 27, 2010
$160,000
Alexis Finlay
Nutmeg Holding Co
Warranty Deed
—
Sep 17, 2003
—
Riverside Corners LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of New York
Jun 3, 2002
—
Ghp Grove LLC
—
Deed Of Trust
related
$2,700,000 · Ubs Warburg Re Invest
Apr 25, 2001
$2,750,000
Ghp Grove LLC
Grove Ptnrshp
Warranty Deed
related
$2,475,000 · City & Suburban Fsb
Mar 31, 1999
—
Grove Bldg LP
—
Deed Of Trust
related
$750,000 · Nutmeg Fsla
May 20, 1997
$153,000
Ronald J Raymond JR.
Handlers,adele Tr
Warranty Deed
—
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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