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Property profile & analytics
OFF-MARKET
Estimated value
$3,965,000
Office buildings
535 Connecticut Ave Norwalk, CT 06854-1700
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-0185833
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
163,824 SF
Lot
1.71 ac (74,618 SF)
Zoning code
B1
APN
NORW M:5 B:73A L:63
UPID
US15-0185833
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
-
Linda Schumacher-Brown - Aflac Insurance Agent Insurance Agency
-
Apex Technology Services Tech Support Center IT Consulting Firm
-
Women's Nutrition Connection Medical School
-
Transwestern Property Management Company
-
Viridian Energy Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.97M
Owner & transaction history
Hanover Norwalk Invest · 7 yrs held
Hanover Norwalk Invest
since 2018
7 recorded transactions
Zoning & alternative use
B1 · Norwalk, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$24 / 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
$287,158
Tax year 2023
Assessed value
$11,412,840
Assessed 2023
Previous assessed
$11,412,840
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$2,596,920
Assessed improvement
$8,815,920
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
6
Units
18
Bathrooms
15
Total area
163,824 SF
Lot
1.71 ac (74,618 SF)
Zoning code
B1
APN
NORW M:5 B:73A L:63
UPID
US15-0185833
Jurisdiction
NORWALK
Zoning & alternative use
B1 · Norwalk, CT
Zoning B1 · permitted uses
B1 · Norwalk, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norwalk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
6
Buildings
1
Units
18
Bathrooms
15
Lot
1.71 ac
Current owner
From public records · entity-resolved
Hanover Norwalk Invest
Individual
Mailing address
18 BENEDICT PL, GREENWICH, CT 06830-5340
Ownership since
2018
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
Sep 13, 2018
—
Hanover Norwalk Invest
Martix Norwalk LLC
Warranty Deed
$11,400,000 · Signature Bank
Jul 21, 2016
—
Matrix Norwalk LLC
—
Deed
related
—
Jul 3, 2014
—
Matric Norwalk LLC
535 Connecticut Ave LLC
Warranty Deed
$3,100,000 · Jefferies Loancore LLC
Jan 10, 2012
$18,333,000
535 Connecticut Ave LLC
Lbubs 2002-c4 Connecticut
Warranty Deed
—
Jan 4, 2011
$22,750,000
Lbubs 2002-c4 Ct Ave LLC
Transwestern 535 Ct
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jul 12, 2006
$25,600,000
Transwestern 535 Conn
Syn Conn LLC
Warranty Deed
$9,999,999 · Lasalle Bk Fsb
Aug 14, 2002
—
Syn Conn LLC
—
Deed Of Trust
related
$22,750,000 · Ubs Wrbr Rl Est Inv I
Aug 13, 2002
$28,428,000
Syn-conn LLC
535 Connecticut LLC
Warranty Deed
—
Dec 15, 1999
—
535 Connecticut LLC
—
Deed Of Trust
related
$12,600,000 · Security Life Of Denv
—
—
Matrix Norwalk LLC
—
Deed Of Trust
related
—
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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