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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Office buildings
46 Main St New Canaan, CT 06840-4533
Entity Owned
29-yr Hold
~
Est. High Equity
Property ID
US15-0081058
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1850
Construction
FRAME
Total area
5,139 SF
Lot
0.46 ac (20,038 SF)
Zoning code
BRES
APN
NCAN M:000T B:042 L:00086
UPID
US15-0081058
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
-
Lampert Williams & Toohey LLC Law Firm
-
Recovery Education and Applied Learning, LLC Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$920k
Blend (final)
Blend
$890k
Owner & transaction history
Main St Group LLC · 29 yrs held
Main St Group LLC
since 1997
4 recorded transactions
Zoning & alternative use
BRES · New Canaan, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+47.2%
Auto repair, garage
$1.2M
+33.9%
Commercial (general)
$1.2M
+33.5%
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 New Canaan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Canaan 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
$895,000
Current use
RESTAURANT
$1,320,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,200,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: +34% · Conversion: Easy
RETAIL STORES
$955,000
Change: +7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$815,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$173 / 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
$30,579
Tax year 2024
Assessed value
$1,894,620
Assessed 2024
Previous assessed
$1,746,850
+8.5% YoY
Effective rate
1.61%
On assessed value
Assessed land
$1,138,830
Assessed improvement
$755,790
Applied tax rate
127.0000
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
Off-Market
Year built
1850
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Rooms
15
Bathrooms
3
Total area
5,139 SF
Lot
0.46 ac (20,038 SF)
Zoning code
BRES
APN
NCAN M:000T B:042 L:00086
UPID
US15-0081058
Jurisdiction
NEW CANAAN
Zoning & alternative use
BRES · New Canaan, CT
Zoning BRES · permitted uses
BRES · New Canaan, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Canaan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$895,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$955,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$815,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1850
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Rooms
15
Bathrooms
3
Lot
0.46 ac
Current owner
From public records · entity-resolved
Main St Group LLC
Entity
Mailing address
46 MAIN ST, NEW CANAAN, CT 06840-4533
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2019
—
Main Street Group LLC
—
Deed
related
$1,575,000 · First County Bank
Jun 2, 2010
—
Main Street Group LLC
—
Deed Of Trust
related
$825,000 · The Bank Of New Cannon
Jun 28, 2006
—
Main Street Group LLC
—
Deed Of Trust
related
$700,000 · The Bank Of New Cannon
Apr 15, 1997
$450,000
Main St Group LLC
Beck,irving H & Leila J
Warranty Deed
$405,000 · New Canaan Bank & Trust
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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