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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Investment properties
75 Main St, Canaan, CT 06018-2463
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US15-1016173
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1872
Construction
FRAME
Total area
9,971 SF
Lot
0.92 ac (40,075 SF)
Zoning code
3
APN
NRCA M:15 L:020-1
UPID
US15-1016173
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
-
Art Bar Bar & Pub
-
New England Accordion Connection and Museum Company Museum
-
Great Falls Brewing Company Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.84M
Owner & transaction history
Ct Railroad Historic INC · 23 yrs held
Ct Railroad Historic INC
since 2003
4 recorded transactions
Zoning & alternative use
3 · Canaan, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+5.5%
Apartment house (5+ units)
$1.2M
+0.3%
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 Canaan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canaan 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
COMMERCIAL (GENERAL)
$1,235,000
Current use
RESTAURANT
$1,305,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,240,000
Change: +0% · Conversion: Moderate
OFFICE BUILDING
$1,160,000
Change: -6% · Conversion: Easy
RETAIL STORES
$1,140,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±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
$184 / 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
$38,394
Tax year 2023
Assessed value
$1,505,630
Assessed 2023
Previous assessed
$1,505,630
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$163,380
Assessed improvement
$1,342,250
Applied tax rate
226.0000
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
1872
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Rooms
4
Total area
9,971 SF
Lot
0.92 ac (40,075 SF)
Zoning code
3
APN
NRCA M:15 L:020-1
UPID
US15-1016173
Jurisdiction
NORTH CANAAN
Zoning & alternative use
3 · Canaan, CT
Zoning 3 · permitted uses
3 · Canaan, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canaan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1872
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Rooms
4
Lot
0.92 ac
Current owner
From public records · entity-resolved
Ct Railroad Historic INC
Entity
Mailing address
PO BOX 255, CANAAN, CT 06018-0255
Ownership since
2003
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
Mar 27, 2003
—
Ct Railroad Assoc INC
—
Deed Of Trust
related
$320,000 · Robert A Gandolfo
Jan 14, 2003
$325,000
Ct Railroad Historic INC
Canaan Union Station Ltd
Warranty Deed
$320,000 · Salisbury Bank & Trust Co
Nov 30, 1995
—
Union Station Canaan
—
Deed Of Trust
related
$470,700 · A Paul Ramunni
—
—
Connecticut Railroad Hist
—
Deed Of Trust
related
$325,000 · Salisbury Bk&tr
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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