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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Office buildings
720 Barnum Ave Cutoff Stratford, CT 06614-5037
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US15-1296471
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,856 SF
Lot
0.85 ac (37,026 SF)
Zoning code
RS-4
APN
STRA M:50-10 B:4 L:3
UPID
US15-1296471
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
-
Remesa East Inc Adult Day Care
-
Sunset Shores Adult Day Health Centers Adult Day Care
-
Custom Building Services Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.62M
Owner & transaction history
Rio Mar LLC · 26 yrs held
Rio Mar LLC
since 2000
4 recorded transactions
Zoning & alternative use
RS-4 · Stratford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
poses of these Regulations, the Town of Stratford is divided into the following zoning districts, as described herein: Type of District District Name Abbreviation(s) Residential Single-Family Residence RS-1, RS-2, RS-3, RS-4 Two and Three Family Residence RM-1 Affordable Housing Affordable Housing Opportunity Zone AHOZ Housing Opportunity Development HOD Sur…
Zone name
One Family Residence
General category
RESIDENTIAL
Zone area
2,140.96 ac
Top alternative use upside
Apartment house (5+ units)
$2.7M
+44.7%
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 Stratford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stratford 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
$1,845,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,670,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±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
$96 / 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
$62,682
Tax year 2023
Assessed value
$1,559,250
Assessed 2023
Previous assessed
$1,559,250
+0.0% YoY
Effective rate
4.02%
On assessed value
Assessed land
$286,650
Assessed improvement
$1,272,600
Applied tax rate
114.0000
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
2
Total area
16,856 SF
Lot
0.85 ac (37,026 SF)
Zoning code
RS-4
APN
STRA M:50-10 B:4 L:3
UPID
US15-1296471
Jurisdiction
STRATFORD
Zoning & alternative use
RS-4 · Stratford, CTZoning RS-4 · permitted uses
RS-4 · Stratford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
poses of these Regulations, the Town of Stratford is divided into the following zoning districts, as described herein: Type of District District Name Abbreviation(s) Residential Single-Family Residence RS-1, RS-2, RS-3, RS-4 Two and Three Family Residence RM-1 Affordable Housing Affordable Housing Opportunity Zone AHOZ Housing Opportunity Development HOD Surf Avenue Housing Zone SAHZ Lordship Boulevard Housing Zone LBHZ Commercial Limited B
Zone name
One Family Residence
General category
RESIDENTIAL
Zone area
2,140.96 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
Rio Mar LLC
Entity
Mailing address
720 BARNUM AVE CUTOFF, STRATFORD, CT 06614-5037
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2000
—
Rio Mar LLC
—
Deed Of Trust
related
$439,000 · Worth Funding INC
Mar 30, 2000
$974,000
Rio Mar LLC
Roy,john F
Warranty Deed
$530,000 · Peoples Bank
Aug 29, 1997
—
John F Roy
—
Deed Of Trust
related
$885,000 · Bank Of New Haven
Feb 6, 1987
—
John F Roy
—
Deed Of Trust
related
$1,760,000 · Bank Of New Haven
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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