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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Retail space
48 Putnam Ave Greenwich, CT 06830-5331
Individually Owned
31-yr Hold
~
Est. High Equity
Property ID
US15-0088283
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1929
Construction
STEEL FRAME
Total area
42,547 SF
Lot
1.27 ac (55,321 SF)
Zoning code
CGBR
APN
GREE M:01 B:2050/S
UPID
US15-0088283
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
-
Garelick & Herbs Specialty Food Shop
-
Rush My Passport Travel Agency
-
Hammer & Nails Grooming Shop for Guys - Greenwich Barber Shop
-
Jamie Collins Photography Photography Service (Bike/Boat/Book/etc) Store
-
Fidelity Investments Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$1.70M
Owner & transaction history
Paradigm 44-48 West · 31 yrs held
Paradigm 44-48 West
since 1995
6 recorded transactions
Zoning & alternative use
CGBR · Greenwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Greenwich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenwich 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
$1,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±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
$40 / 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
$194,705
Tax year 2023
Assessed value
$16,733,010
Assessed 2023
Previous assessed
$16,733,010
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$7,895,370
Assessed improvement
$8,837,640
Applied tax rate
124.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1929
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Rooms
6
Total area
42,547 SF
Lot
1.27 ac (55,321 SF)
Zoning code
CGBR
APN
GREE M:01 B:2050/S
UPID
US15-0088283
Jurisdiction
GREENWICH
Zoning & alternative use
CGBR · Greenwich, CT
Zoning CGBR · permitted uses
CGBR · Greenwich, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenwich. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1929
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Rooms
6
Lot
1.27 ac
Current owner
From public records · entity-resolved
Paradigm 44-48 West
Individual
Mailing address
11 MDW DR, GREENWICH, CT 06831-4504
Ownership since
1995
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
Jul 26, 2019
—
Paradigm 44-48 W Putnam
—
Deed
related
$14,300,000 · Peoples United Bank
May 2, 2012
—
Paradigm 44-48 W Putnam
—
Deed Of Trust
related
$6,500,000 · Peoples Bank
May 21, 2004
—
44-48 West P Ave Paradigm
—
Deed Of Trust
related
$7,600,000 · Peoples Bank
Jan 30, 1995
$2,750,000
Paradigm 44-48 West
Carol Mgmt Corp
Warranty Deed
$6,500,000 · Peoples Bank
Sep 21, 1992
—
Carol Mgmnt Corp
—
Deed Of Trust
related
$4,750,000 · Citibank NA
Oct 23, 1991
—
Carol Mgmnt Corp
—
Deed Of Trust
related
$1,000,000 · Zwi Kohorn
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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