Technical
Financial
Distress signals
Property profile

454 Main Ave Norwalk, CT 06851

OFF-MARKET
Investment properties
Property ID
US15-0260699
10,162 SF 0.65 ac lot Built 1974
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property at 454 Main Ave, Norwalk, CT, offers 10,162 square feet of retail and special purpose space, currently configured as a single-tenant office. Situated on a 6.5-acre lot, the building boasts a prominent location across from the Merritt Seven office park, ensuring high visibility and significant traffic. Built in 1974, this two-story structure is zoned B2 and features 790 square feet of currently vacant space. The property's address is 454 Main Ave, Norwalk, CT 06851, conveniently located near Valley View Rd in Fairfield County. The asking rent is $35.00 per square foot, inclusive of property taxes. Utilities are not included and are considered triple net expenses. The building's single-tenant occupancy presents a unique opportunity for a variety of businesses seeking a high-traffic location in a thriving area. The substantial land area offers potential for future expansion or redevelopment. This property is ideal for a business seeking strong visibility and convenient access to a significant workforce. The existing tenant's use as a nutrition store demonstrates the suitability of the space for health-conscious businesses or other retail ventures. The property's size and location make it a compelling investment opportunity in a desirable Connecticut market.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,162 SF
Lot 0.65 ac (28,183 SF)
Zoning code B2
APN NORW M:5 B:22C L:1
UPID US15-0260699

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Take-out & Catering Catering Service
  • Dental Office
  • Physician
  • Physician

Location

454 Main Ave Norwalk, CT 06851-1063
Norwalk metro Census 42700 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.22M
Blend (final) Blend
$1.41M

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2007
Price N/A

Zoning & alternative use

B2 · Norwalk, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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