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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Office buildings
618 Ww Ave Norwalk, CT 06850-4068
Entity Owned
20-yr Hold
Free & Clear
Property ID
US15-0093594
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Construction
STEEL FRAME
Total area
10,892 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CBDB
APN
NORW M:1 B:23 L:15
UPID
US15-0093594
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
-
Circle Care Center Pharmacy Pharmacy
-
University of Phoenix Business And Management Degree University Educational Institution
-
World Health Clinicians Charitable Organization Social Service Agency
-
Patricia Garton Physician
-
Circle Care Center - Norwalk Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$2.54M
Owner & transaction history
Capital Equities West LLC · 20 yrs held
Capital Equities West LLC
since 2006
5 recorded transactions
Zoning & alternative use
CBDB · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+18.2%
Commercial (general)
$2.6M
+11.1%
Auto repair, garage
$2.5M
+7.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,370,000
Current use
RESTAURANT
$2,800,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,630,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,545,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$2,025,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±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
$233 / 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
$38,462
Tax year 2023
Assessed value
$1,533,220
Assessed 2023
Previous assessed
$1,533,220
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$519,130
Assessed improvement
$1,014,090
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
1958
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
5
Total area
10,892 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CBDB
APN
NORW M:1 B:23 L:15
UPID
US15-0093594
Jurisdiction
NORWALK
Zoning & alternative use
CBDB · Norwalk, CT
Zoning CBDB · permitted uses
CBDB · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.4M
RESTAURANT
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1958
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
5
Lot
0.4 ac
Current owner
From public records · entity-resolved
Capital Equities West LLC
Entity
Free & Clear · 20 yrs held
Mailing address
50 WASHINGTON ST FL, NORWALK, CT 06854-2710
Ownership since
2006
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
Apr 17, 2014
—
Mid Fairfield Aids Proj.
—
Deed Of Trust
related
$128,470 · Norwalk City
May 2, 2006
$1,350,000
Capital Equities West LLC
W Elm Rlty Corp
Warranty Deed
related
—
Feb 27, 2004
—
West-elm Rlty Corp
—
Deed Of Trust
related
$290,000 · Ffld County Bank Corp
Jul 18, 2003
$11,000
Robert A Slavitt
Harrison,angela
Warranty Deed
—
Dec 29, 1988
—
West Elm Realty Corp
—
Deed Of Trust
related
$290,000 · Merchants Bank & Trust Co
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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