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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Assisted living facilities
73 Strawberry Hl Ave Norwalk, CT 06855-1476
Entity Owned
15-yr Hold
Free & Clear
Property ID
US15-1254146
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1996
Construction
STEEL FRAME
Total area
53,616 SF
Lot
2.75 ac (119,755 SF)
Zoning code
B
APN
NORW M:5 B:1 L:51
UPID
US15-1254146
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
-
Norwalk Little League Sports Field & Court Sports School
-
Maplewood at Strawberry Hill Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.06M
Owner & transaction history
Norwalk Alf Property LLC · 15 yrs held
Norwalk Alf Property LLC
since 2010
5 recorded transactions
Zoning & alternative use
B · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.7M
+62.2%
Medical building
$4.2M
+43.2%
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$2,895,000
Current use
RETAIL STORES
$4,700,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$4,150,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$3.06M
Range $2.75M – $3.37M · ±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
$57 / 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
$457,460
Tax year 2023
Assessed value
$18,181,310
Assessed 2023
Previous assessed
$18,181,310
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$3,243,510
Assessed improvement
$14,937,800
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
84
Rooms
90
Bathrooms
90
Total area
53,616 SF
Lot
2.75 ac (119,755 SF)
Zoning code
B
APN
NORW M:5 B:1 L:51
UPID
US15-1254146
Jurisdiction
NORWALK
Zoning & alternative use
B · Norwalk, CT
Zoning B · permitted uses
B · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$2.9M
RETAIL STORES
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.2M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RETAIL STORES
MEDICAL 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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
84
Rooms
90
Bathrooms
90
Lot
2.75 ac
Current owner
From public records · entity-resolved
Norwalk Alf Property LLC
Entity
Free & Clear · 15 yrs held
Mailing address
200 INTERNATIONAL CIR STE #3500, HUNT VALLEY, MD 21030-1394
Ownership since
2010
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
Dec 23, 2010
$2,600,000
Norwalk Alf Property LLC
Associated Prop 2 LLC
Warranty Deed
—
Aug 17, 2009
$2,288,277
Connecticut Cmnty Bk NA
Dt Dev Co LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Aug 17, 2009
$1
Associated Properties LLC
Conn Community Bank NA
Grant Deed
related
—
Aug 18, 2005
$3,065,000
Dt Dev Co LLC
Stilt Dev LLC
Warranty Deed
$1,960,000 · Greenwich B&t
Feb 20, 1996
—
Lea Manor Health Care
—
Deed Of Trust
related
$5,900,000 · Chase Manhattan Bank
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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