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Property profile & analytics
OFF-MARKET
Estimated value
$37,090,000
Apartment buildings
70 Frst St Stamford, CT 06901-1831
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0791036
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2011
Construction
CONCRETE
Total area
304,345 SF
Lot
1.08 ac (47,045 SF)
Zoning code
PD
APN
STAM M:004 B:5379
UPID
US15-0791036
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
-
Highgrove Apartment Complex Apartment Building
-
Vision Development Ltd Construction Company
-
Arrhythmia Grand Rounds Association Or Organization
-
CoachingFX, LLC Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.54M
Blend (final)
Blend
$37.09M
Owner & transaction history
70 Forest Street LLC · 10 yrs held
70 Forest Street LLC
since 2016
3 recorded transactions
Zoning & alternative use
PD · Stamford, 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 Stamford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stamford 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
RETAIL STORES
$56,565,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$53,555,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$37.09M
Range $33.38M – $40.80M · ±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
$122 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,515,306
Tax year 2024
Assessed value
$64,867,530
Assessed 2024
Previous assessed
$64,867,530
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$3,683,360
Assessed improvement
$61,184,170
Applied tax rate
112.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2011
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
17
Units
95
Rooms
496
Bathrooms
282
Total area
304,345 SF
Lot
1.08 ac (47,045 SF)
Zoning code
PD
APN
STAM M:004 B:5379
UPID
US15-0791036
Jurisdiction
STAMFORD
Zoning & alternative use
PD · Stamford, CT
Zoning PD · permitted uses
PD · Stamford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stamford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$56.6M
OFFICE BUILDING
Est. value
$53.6M
RETAIL STORES
OFFICE BUILDING
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
2011
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
17
Buildings
1
Units
95
Rooms
496
Bathrooms
282
Lot
1.08 ac
Current owner
From public records · entity-resolved
70 Forest Street LLC
Entity
Free & Clear · 10 yrs held
Mailing address
18 E 50TH ST FL, NEW YORK, NY 10022-6817
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2016
—
70 Forest Street LLC
Wrt Highgrove Property LP
Warranty Deed
—
Nov 6, 2013
$80,000,000
Wrt Highgrove Property LP
70 Forest St Mktg LLC
Warranty Deed
$150,000,000 · Key Bank NA
Apr 27, 2011
—
Corus Const Venture LLC
Schlesinger,jason & Leslie
Foreclosure
related
—
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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