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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Investment properties
66 Cedar St, Norwalk, CT 06854-2091
Individually Owned
32-yr Hold
~
Est. High Equity
Property ID
US15-0229362
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,776 SF
Lot
0.31 ac (13,504 SF)
Zoning code
NB
APN
NORW M:2 B:6 L:18
UPID
US15-0229362
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
-
America's Laundry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$545k
Owner & transaction history
Thomas Yerinides · 32 yrs held
Thomas Yerinides
since 1993
7 recorded transactions
Zoning & alternative use
NB · 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
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$70 / 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
$22,187
Tax year 2023
Assessed value
$884,440
Assessed 2023
Previous assessed
$884,440
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$304,600
Assessed improvement
$579,840
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
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
5
Bathrooms
4
Total area
7,776 SF
Lot
0.31 ac (13,504 SF)
Zoning code
NB
APN
NORW M:2 B:6 L:18
UPID
US15-0229362
Jurisdiction
NORWALK
Zoning & alternative use
NB · Norwalk, CT
Zoning NB · permitted uses
NB · 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
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
5
Bathrooms
4
Lot
0.31 ac
Current owner
From public records · entity-resolved
Thomas Yerinides
Individual
Mailing address
66 CEDAR ST, NORWALK, CT 06854-2091
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2022
—
66 Cedar Street LLC
—
Deed
related
$1,370,000 · Fairfield County Bank
Apr 5, 2021
—
66 Cedar Street LLC
—
Deed
related
$1,300,000 · Silver Heights Dev LLC
Aug 5, 2019
—
66 Cedar St LLC
—
Deed
related
$400,000 · Fairfield County Bank
Apr 30, 2007
—
66 Cedar Street LLC
—
Deed Of Trust
related
$750,000 · Ffld County Bank Corp
Apr 8, 2002
—
66 Cedar St LLC
—
Deed Of Trust
related
$450,000 · Patriot Bank NA
Aug 12, 1996
—
Thomas Yerindes
—
Deed Of Trust
related
$500,000 · Tms Mortgage
Mar 2, 1994
—
Thomas Yerinides
—
Deed Of Trust
related
$90,000 · Annette Rizzi
Feb 1, 1994
—
Thomas Yerinides
—
Deed Of Trust
related
$55,000 · Lazaros Stefanidis
Dec 22, 1993
$350,000
Thomas Yerinides
Yerinides,joseph
Warranty Deed
related
$350,000 · Zwi Kohorn
Mar 2, 1989
—
Jos Gerinides
—
Deed Of Trust
related
$100,000 · Merchants Bank & Trust Co
Apr 25, 1988
—
Jos Yerlinides
—
Deed Of Trust
related
$3,000,000 · 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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