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Property profile & analytics
OFF-MARKET
Estimated value
$3,085,000
Office buildings
591 Putnam Ave Greenwich, CT 06830-6005
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US15-0460468
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
CONCRETE
Total area
29,776 SF
Lot
1.37 ac (59,677 SF)
Zoning code
GBO
APN
GREE M:07 B:2155/S
UPID
US15-0460468
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
-
Starwood Property Trust Inc Real Estate Agency
-
HOTEL 8629 INTERNATIONAL GP, L.L.C. Hotel & Motel Resort
-
FedEx Drop Box Postal Service Courier Service
-
Starwood Capital Group Global Corporate Office Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$3.09M
Owner & transaction history
Scg 591 W Putnam LLC · 27 yrs held
Scg 591 W Putnam LLC
since 1998
5 recorded transactions
Zoning & alternative use
GBO · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,720,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$3.09M
Range $2.78M – $3.39M · ±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
$104 / 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
$175,059
Tax year 2023
Assessed value
$15,044,610
Assessed 2023
Previous assessed
$14,682,710
+2.5% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,302,740
Assessed improvement
$11,741,870
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Rooms
1
Total area
29,776 SF
Lot
1.37 ac (59,677 SF)
Zoning code
GBO
APN
GREE M:07 B:2155/S
UPID
US15-0460468
Jurisdiction
GREENWICH
Zoning & alternative use
GBO · Greenwich, CT
Zoning GBO · permitted uses
GBO · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
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
1978
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Rooms
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Scg 591 W Putnam LLC
Entity
Mailing address
591 W PUTNAM AVE, GREENWICH, CT 06830-6005
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2004
—
Starwood Buckingham LLC
—
Deed Of Trust
related
$12,285,000 · Fleet National Bank
Dec 22, 1998
$5,800,000
Scg 591 W Putnam LLC
High Tower Trading LLC
Warranty Deed
—
Sep 10, 1997
$7,500,000
High Tower Trading LLC
Mcmahan Securities Co
Warranty Deed
—
Jul 10, 1991
$3,225,000
Mcmahon Securities Co
Mitchell,peter
Grant Deed
related
$2,263,556 · Equitable Life Assur
Oct 15, 1990
$30,000
Peter Mitchell
Pannone,salvatore
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.
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