Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,735,000
Commercial real estate
78 Main St New Canaan, CT 06840
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0515470
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,804 SF
Lot
0.25 ac (10,890 SF)
Zoning code
RETA
APN
NCAN M:000T B:067 L:00722
UPID
US15-0515470
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
-
Lai lai smoking tobaccones (Bike/Boat/Book/etc) Store
-
Angels And Beyond Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.74M
Owner & transaction history
Cassisi Group LLC · 3 yrs held
Cassisi Group LLC
since 2022
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
RETA · New Canaan, CT
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 New Canaan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New 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
$4,750,000
ML approach
$4,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.74M
Range $4.26M – $5.21M · ±10% · vs last sale $4.65M (Nov 2 2022)
Last sale anchor
$4.65M
Nov 2 2022
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
$483 / 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
$49,073
Tax year 2023
Assessed value
$2,590,980
Assessed 2023
Previous assessed
$2,590,980
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$1,852,690
Assessed improvement
$738,290
Applied tax rate
127.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
6
Bathrooms
4
Total area
9,804 SF
Lot
0.25 ac (10,890 SF)
Zoning code
RETA
APN
NCAN M:000T B:067 L:00722
UPID
US15-0515470
Jurisdiction
NEW CANAAN
Zoning & alternative use
RETA · New Canaan, CTZoning RETA · permitted uses
RETA · New Canaan, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2004 Revision
Building & site characteristics
From public records
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
6
Bathrooms
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
Cassisi Group LLC
Entity
Mailing address
78 MAIN ST, NEW CANAAN, CT 06840
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2022
$4,650,000
Cassisi Group LLC
Eld Street Properties LLC
Warranty Deed
$2,750,000 · Baycoast Bank
Aug 15, 2014
$3,850,000
Eld Street Properties
New Canaan Associates
Quit Claim Arm's Length For Ne States
$2,887,500 · First Niagara Bank NA
Jan 7, 2005
—
New Cenaan Assoc LLC
—
Deed Of Trust
related
$1,830,000 · Bear Stevens Funding
Mar 2, 2004
—
New Canaan Assoc LLC
—
Deed Of Trust
related
$6,000,000 · Hudson United Bank
Aug 22, 1994
—
Canaan Assoc New
—
Deed Of Trust
related
$1,852,000 · Lafayette American Bank
Apr 7, 1992
—
Canaan Assoc New
—
Deed Of Trust
related
$1,600,000 · Village Bank & Trust
Mar 30, 1990
—
Canaan Assoc New
—
Deed Of Trust
related
$700,000 · Peoples Bank
Sep 23, 1987
—
Canaan Assoc New
—
Deed Of Trust
related
$2,400,000 · Bank Mart
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 78 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
