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Property profile & analytics

5 Merritt Pl Norwalk, CT 06854-3633

  • Industrial properties
  • 4,370 SF
  • 0.12 lot acres
OFF-MARKET
Value Estimations
$320,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US15-1125900
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Industrial properties

Property Details for 5 Merritt Pl

Year built
1953
Construction
STEEL FRAME
Lot size
0.12 lot acres
Property size
4,370 SF
Zone code
D
Property type
Industrial properties
APN
NORW M:2 B:77 L:8
APU
NORWM2B77L8

Description

This exceptional 4,370 square foot industrial property, located at 5 Merritt Place, offers a versatile space ideal for various uses, including manufacturing, flex space, R&D, or warehousing. The single-tenant building boasts 11-foot ceilings and a convenient 10-foot overhead door, facilitating efficient loading and unloading. One drive-in bay simplifies operations. The property includes a bathroom, kitchen, and central air conditioning, enhancing comfort and functionality. Ample parking is provided with four designated spaces. The building is equipped with a 200 AMP electrical service. Situated off Chestnut Street, this location offers easy access to I-95, approximately half a mile away. The property is zoned CD-4 and qualifies for Enterprise Zone benefits, including real estate and personal property tax abatements. This presents a significant financial advantage for the owner. The building's features and prime location make it an attractive opportunity for businesses seeking a functional and strategically located industrial space in Fairfield County. The single-tenant occupancy ensures ease of management and control.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $255,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $388,000
    Market price range: $267k - $666k
    AI Estimate
    $179,000
    Market price range: $102k - $351k
  • Alternative Use

    Use
    Estimation
    INDUSTRIAL (GENERAL)
    $425,000
    Current use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Norwalk
County
Fairfield
State
Connecticut
Longitude
-73.421
Latitude
41.0926
CBSA code
14860
CBSA name
BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,968
$181,620
$135,990
$317,610
-
$0.00
$0.00
$0.00
More about this property
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