Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Banks
605 Ww Ave Norwalk, CT 06850-4000
Entity Owned
12-yr Hold
Free & Clear
Property ID
US15-0093437
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
23,803 SF
Lot
1 ac (43,429 SF)
Zoning code
CBDB
APN
NORW M:1 B:24 L:9
UPID
US15-0093437
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
-
Michael L. Fitzpatrick, MD Physician Medical Clinic
-
Dermis Center For Skin & Body Medical Clinic Skin Care Clinic
-
Stanley M. Seligson Properties, LLC Property Management Company
-
Neurology Associates of Norwalk Medical Clinic
-
James Lloyd Thompson Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.01M
Owner & transaction history
605 West Ave LLC · 12 yrs held
605 West Ave LLC
since 2014
7 recorded transactions
Zoning & alternative use
CBDB · 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
Method
Estimation
Statistic approach
by Request
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$42 / 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
$122,405
Tax year 2023
Assessed value
$4,879,410
Assessed 2023
Previous assessed
$4,879,410
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,037,000
Assessed improvement
$3,842,410
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
8
Bathrooms
1
Total area
23,803 SF
Lot
1 ac (43,429 SF)
Zoning code
CBDB
APN
NORW M:1 B:24 L:9
UPID
US15-0093437
Jurisdiction
NORWALK
Zoning & alternative use
CBDB · Norwalk, CTZoning CBDB · permitted uses
CBDB · Norwalk, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
8
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
605 West Ave LLC
Entity
Free & Clear · 12 yrs held
Mailing address
605 WW AVE, NORWALK, CT 06850-4000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2014
—
605 West Ave LLC
Mcp Sp West Avenue LLC
Warranty Deed
—
Jun 28, 2011
—
Riverwest 2 LLC
—
Deed Of Trust
related
$2,000,000 · Mcp Sp Norwalk LLC
Sep 28, 2007
—
Riverwest LLC
—
Deed Of Trust
related
$2,750,000 · Zions First National Bank
May 6, 2003
—
First Building LLC
—
Deed Of Trust
related
$3,100,000 · Hudson United Bank
Mar 26, 1993
—
Amity Plaza Assoc
—
Deed Of Trust
related
$936,737 · Shawmut Mortgage
Mar 11, 1991
—
Amity Plaza Assoc
—
Deed Of Trust
related
$150,000 · Connecticut National Bank
Sep 23, 1988
—
Amith Plaza Assoc
—
Deed Of Trust
related
$5,500,000 · Connecticut National Bank
—
—
Philipos Properties LLC
—
Deed Of Trust
related
$2,700,000 · Ct Cmnty Bk
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 605 Ww Ave?
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.
