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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Retail properties & Spaces
43 Wall St Madison, CT 06443-3160
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0110603
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1830
Construction
FRAME
Total area
5,468 SF
Lot
0.32 ac (13,939 SF)
Zoning code
D
APN
MADI M:38 B:60
UPID
US15-0110603
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
-
Salon De OASIS Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Phillip Realty LLC · 2 yrs held
Phillip Realty LLC
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
D · Madison, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$800,000
+34.8%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
$1,290,000
ML approach
$1,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$800,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.30M (Aug 29 2023)
Last sale anchor
$1.30M
Aug 29 2023
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
$236 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$18,709
Tax year 2024
Assessed value
$850,400
Assessed 2024
Previous assessed
$696,600
+22.1% YoY
Effective rate
2.20%
On assessed value
Assessed land
$246,500
Assessed improvement
$603,900
Applied tax rate
328.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1830
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Bathrooms
4
Total area
5,468 SF
Lot
0.32 ac (13,939 SF)
Zoning code
D
APN
MADI M:38 B:60
UPID
US15-0110603
Jurisdiction
MADISON
Zoning & alternative use
D · Madison, CT
Zoning D · permitted uses
D · Madison, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$800,000
RESTAURANT
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
1830
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Bathrooms
4
Lot
0.32 ac
Current owner
From public records · entity-resolved
Phillip Realty LLC
Entity
Mailing address
43 WALL ST, MADISON, CT 06443-3160
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Aug 29, 2023
$1,300,000
Phillip Realty LLC
Oasis Management INC
Warranty Deed
$1,150,000 · New Millennium Bank
Dec 28, 2012
$1
Oasis Mgmt INC
123 Rmr LLC
Grant Deed
related
—
Dec 28, 2012
—
Oasis Mgmt INC
—
Deed Of Trust
related
$920,000 · Zions First National Bank
May 6, 2002
—
Rmr LLC
—
Deed Of Trust
related
$975,000 · Peoples Bank
Jul 31, 2001
$292,000
Rmr LLC
Doyle,diane
Grant Deed
—
Dec 1, 1988
—
Vincent F Montanaro
—
Deed Of Trust
related
$151,000 · Ct Savings Bank
Apr 16, 1987
—
Vincent F Montanaro
—
Deed Of Trust
related
$45,000 · Ct Natl 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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