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Property profile & analytics
OFF-MARKET
Estimated value
$12,850,000
Commercial real estate
607 Main Ave Norwalk, CT 06851-1058
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US15-0987974
Property summary
AI-generated overview
Center Seven, a highly visible 38,662 square foot retail strip center located at 607 Main Ave, Norwalk, CT 06851, offers exceptional opportunities for businesses seeking prime retail space in Fairfield County. This two-building, single-story center boasts 13 suites, with two currently available, ranging from 800 to 2,200 square feet. The property features 131 parking spaces and enjoys a prominent location on Route 7, experiencing a daily traffic count of 29,500 vehicles. The center benefits from strong co-tenancy with established businesses such as Starbucks, Citibank, and Planet Pizza, among others. Its strategic location also places it near a wealth of additional retailers including Walmart, Stop & Shop, and Staples, ensuring high visibility and foot traffic. The property's common area maintenance and taxes are $9.00 per square foot. 1,400 square feet of space is currently vacant. Contact us for rental rates and to explore the available spaces. Cross street is Grist Mill Road.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.02 ac (88,122 SF)
Zoning code
B2
APN
NORW M:5 B:36 L:21
UPID
US15-0987974
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
-
Dave’s Mobile Planet Pizza Take-out & Catering Catering Service
-
Cardtronics ATM Atm
-
Russell Speeder's Management Office Corporate Office
-
Wayback Burgers Restaurant
-
Doubleday Design & Decoration Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.85M
Owner & transaction history
Mg 607 Main LLC · 11 yrs held
Mg 607 Main LLC
since 2015
Last sale
$12.9M
1 recorded transaction
Zoning & alternative use
B2 · 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
—
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
$144,424
Tax year 2023
Assessed value
$5,740,000
Assessed 2023
Previous assessed
$5,740,000
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$2,376,640
Assessed improvement
$3,363,360
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Units
20
Lot
2.02 ac (88,122 SF)
Zoning code
B2
APN
NORW M:5 B:36 L:21
UPID
US15-0987974
Jurisdiction
NORWALK
Zoning & alternative use
B2 · Norwalk, CT
Zoning B2 · permitted uses
B2 · 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
Heating
NONE
Cooling
Yes
Buildings
2
Units
20
Lot
2.02 ac
Current owner
From public records · entity-resolved
Mg 607 Main LLC
Entity
Mailing address
101 PARK AVE RM #2601, NEW YORK, NY 10178-2602
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2015
—
Mg 607 Main LLC
Mg Huntington LLC
Warranty Deed
$600,000 · Webster Bank
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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