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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Residential income homes
45 Balmforth Ave Danbury, CT 06810-3905
Individually Owned
4-yr Hold
Property ID
US15-0079660
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1898
Total area
4,240 SF
Lot
0.39 ac (16,988 SF)
Zoning code
RMF4
APN
DANB M:I13 L:147
UPID
US15-0079660
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
$935k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$657k
Blend (final)
Blend
$700k
Owner & transaction history
Andrew Somsichack · 4 yrs held
Andrew Somsichack
since 2021
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
RMF4 · Danbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$990,000
+22.9%
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 Danbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danbury 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
$915,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$805,000
Current use
AUTO REPAIR, GARAGE
$990,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$790,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $675k (Aug 30 2021)
Last sale anchor
$675k
Aug 30 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
$10,292
Tax year 2023
Assessed value
$441,140
Assessed 2023
Previous assessed
$441,140
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$61,810
Assessed improvement
$379,330
Applied tax rate
102.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1898
Heating
HOT WATER
Buildings
1
Stories
3
Units
4
Rooms
14
Bathrooms
4
Total area
4,240 SF
Lot
0.39 ac (16,988 SF)
Zoning code
RMF4
APN
DANB M:I13 L:147
UPID
US15-0079660
Jurisdiction
DANBURY
Zoning & alternative use
RMF4 · Danbury, CT
Zoning RMF4 · permitted uses
RMF4 · Danbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Danbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$990,000
RETAIL STORES
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS) Current
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
1898
Heating
HOT WATER
Stories
3
Buildings
1
Units
4
Rooms
14
Bathrooms
4
Lot
0.39 ac
Current owner
From public records · entity-resolved
Andrew Somsichack
Individual
Mailing address
45 BALMFORTH AVE, DANBURY, CT 06810-3905
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
$675,000
Andrew Somsichack
45 LLC
Warranty Deed
$618,131 · Loandepot.com LLC
Jan 22, 2013
—
Lorraine Burio-piskura
—
Deed Of Trust
related
$240,270 · Bank Of America
Apr 15, 2008
—
Lorraine Burio-piskura
—
Deed Of Trust
related
$250,000 · Countrywide Bank
Aug 5, 2003
—
Lorraine Burio Piskura
—
Deed Of Trust
related
$200,000 · Market Street Mortgage
Aug 9, 2001
—
Lorraine Burio-piskura
—
Deed Of Trust
related
$200,000 · Gmac Mortgage Corp Pa
Jan 21, 1997
—
Lorraine Piskura
—
Deed Of Trust
related
$157,500 · Nmbt
Apr 10, 1995
$110,000
Lorraine Piskura
Love,barbara
Warranty Deed
$157,000 · Dale Mortgage Bankers Corp
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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