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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Showrooms
707 Main St Monroe, CT 06468-2810
Entity Owned
3-yr Hold
Free & Clear
Property ID
US15-0099043
Property summary
AI-generated overview
This exceptional 11,000-square-foot free-standing building, constructed in 2000, presents a unique investment opportunity in Monroe, Connecticut. Situated on Main Street (Route 25) in Fairfield County, this two-story structure boasts a prominent location with high visibility. The main level encompasses 9,857 square feet, while the second floor offers an additional 1,204 square feet. An unfinished basement of 1,182 square feet and a 550-square-foot outdoor patio further enhance the property's versatility. Ample parking is provided with 126 spaces. The asking price is $1,999,000, translating to $181.73 per square foot. Annual property taxes are $34,321. The building's adaptable design lends itself to a variety of uses, including, but not limited to, religious services, catering, restaurant operations, wedding venues, or funeral homes. This property offers significant potential for a discerning buyer seeking a substantial and well-located building in a thriving Connecticut community. The zip code is 06468.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2000
Construction
FRAME
Total area
11,061 SF
Lot
2.4 ac (104,544 SF)
Zoning code
B1
APN
MONR M:082 B:038 L:00
UPID
US15-0099043
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
-
Fairfield Auction Trade Show Venue (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$1.50M
Owner & transaction history
Jih Rong Temple Corp · 3 yrs held
Jih Rong Temple Corp
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
B1 · Monroe, 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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
$1,470,000
ML approach
$1,535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Mar 30 2023)
Last sale anchor
$1.50M
Mar 30 2023
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
$136 / 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
$34,321
Tax year 2023
Assessed value
$914,000
Assessed 2023
Previous assessed
$914,000
+0.0% YoY
Effective rate
3.76%
On assessed value
Assessed land
$495,600
Assessed improvement
$418,400
Applied tax rate
126.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
11,061 SF
Lot
2.4 ac (104,544 SF)
Zoning code
B1
APN
MONR M:082 B:038 L:00
UPID
US15-0099043
Jurisdiction
MONROE
Zoning & alternative use
B1 · Monroe, CT
Zoning B1 · permitted uses
B1 · Monroe, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Jih Rong Temple Corp
Entity
Free & Clear · 3 yrs held
Mailing address
707 MAIN ST, MONROE, CT 06468-2810
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2023
$1,500,000
Jih Rong Temple Corp
707 Properties LLC
Warranty Deed
—
Jan 20, 2011
—
707 Props LLC
—
Deed Of Trust
related
$1,200,000 · Newtown Savings Bank
Dec 10, 2010
$1,500,000
707 Prop LLC
Us Bk
Warranty Deed
—
Aug 4, 2010
—
Us Bk
Les Monroe Restauran LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Feb 21, 2007
—
L&s Monroe Restaurant LLC
—
Deed Of Trust
related
$1,900,000 · Greenpoint Mortgage Funding
Dec 18, 2000
—
L Mngt
—
Deed Of Trust
related
$612,000 · Housatonic Ind Dev
Sep 11, 2000
—
L Mngt
—
Deed Of Trust
related
$967,500 · First County Bank
Aug 10, 1999
—
L & S Monroe Rest Mgt
—
Deed Of Trust
related
$850,000 · First County Bank
Oct 9, 1998
$550,000
L&s Rest Mgmt LLC
Sandolo,ralph Tr
Grant Deed
—
Jul 28, 1988
$450,000
Sandolo,ralph Tr
Dinardo,holly
Grant Deed
—
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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