Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
5 Myrtle St Norwalk, CT 06855-1315
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0395459
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
FRAME
Total area
2,054 SF
Lot
0.13 ac (5,663 SF)
Zoning code
NB
APN
NORW M:3 B:14 L:2
UPID
US15-0395459
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
-
HSL Building Company, LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$532k
Blend (final)
Blend
$530k
Owner & transaction history
Basco LLC · 5 yrs held
Basco LLC
since 2020
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
NB · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$495,000
+11.1%
Auto repair, garage
$480,000
+7.5%
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 Norwalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwalk 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
$575,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$445,000
Current use
COMMERCIAL (GENERAL)
$495,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$480,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$380,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $500k (Aug 21 2020)
Last sale anchor
$500k
Aug 21 2020
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
$258 / 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
$9,324
Tax year 2023
Assessed value
$371,690
Assessed 2023
Previous assessed
$371,690
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$233,480
Assessed improvement
$138,210
Applied tax rate
129.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
2,054 SF
Lot
0.13 ac (5,663 SF)
Zoning code
NB
APN
NORW M:3 B:14 L:2
UPID
US15-0395459
Jurisdiction
NORWALK
Zoning & alternative use
NB · Norwalk, CTZoning NB · permitted uses
NB · Norwalk, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$445,000
COMMERCIAL (GENERAL)
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$480,000
RETAIL STORES
Est. value
$380,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Basco LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2 KNAPPS PARK DR, FAIRFIELD, CT 06825-3723
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2020
—
Bacso Estates LLC
—
Deed
related
$350,000 · Td Bank NA
Aug 21, 2020
$500,000
Basco LLC
5 Myrtle Street LLC
Warranty Deed
—
Jan 5, 2015
$589,000
5 Myrtle St LLC
Tavello,rockne
Warranty Deed
—
Feb 16, 2006
—
Phyllis Feinstein
—
Deed Of Trust
related
$175,000 · Infinity Network LLC
Nov 17, 2004
—
Phyllis F Feinstein
—
Deed Of Trust
related
$400,000 · Rose Heggland
May 4, 1995
—
Norton Feinstein
—
Deed Of Trust
related
$11,000 · Pdc Association
Sep 26, 1994
—
Norton Feinstein
—
Deed Of Trust
related
$71,500 · Pdc Association
Nov 20, 1989
$20,000
Norton Feinstein
Hermann,sally
Grant Deed
$400,000 · Fairfield County Savings Bank
Aug 1, 1988
—
Feinstein
—
Deed Of Trust
related
$120,000 · Merchants Bank & Trust Co
Jan 2, 1987
$160,000
Feinstein,norton Tr
Arkin,ethan
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5 Myrtle St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
