Financial
Distress signals
Property profile

586 Connecticut Ave Norwalk, CT 06854

OFF-MARKET
Banks
Property ID
US15-0113864
6,750 SF 1.15 ac lot Built 1995
Last sale Feb 2008 · $5,850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a fee-simple commercial bank asset located at 586 Connecticut Ave in Norwalk, positioned on Connecticut Avenue as a frontage road to Interstate 95 (the Connecticut Turnpike). It has operated as a Citibank branch for approximately 25 years and has experienced interior renovations completed within the last three years. The building is configured for a net lease structure described as absolute NNN. The site benefits from its positioning along a major roadway corridor, with

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$70k
Tax billed · 2023
Assessed value$2.80M
Assessed land$1.84M
Assessed improvement$954k
Effective rate2.52%

Value estimate

· Sep 2026
$615k
$554k – $677k
AI approach$510k
Submarket $/SF estimate$724k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B2
JurisdictionNORWALK

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon15.9
Spa & Massage14.3
Realty agency12.0

Location

586 Connecticut Ave Norwalk, CT 06854-1703
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
71 Water, Norwalk, CT 06854-3011 $1,875,000 Jun 2022 12,823 SF
97 Washington, Norwalk, CT 06854-3081 $800,000 Jan 2021 4,050 SF
75 Cedar, Norwalk, CT 06854-2001 $850,000 Sep 2020 4,929 SF
7 Lexington, Norwalk, CT 06854-4310 $530,000 Dec 2019 6,388 SF
8 Merritt, Norwalk, CT 06854-3629 $1,200,000 Dec 2018 3,280 SF
25 Main, Norwalk, CT 06854-2946 $1,157,000 Oct 2018 7,491 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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