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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Commercial real estate
789 Connecticut Ave Norwalk, CT 06854-1615
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US15-0808931
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
3.21 ac (139,828 SF)
Zoning code
B1
APN
NORW M:5 B:71 L:13
UPID
US15-0808931
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
-
silverhill hospital Hospital
-
Saffire Restaurant & Lounge Restaurant
-
Tesla Destination Charger Electric Vehicle Charging Station
-
DoubleTree by Hilton Hotel Norwalk Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Conn Hotel Partners LP · 18 yrs held
Conn Hotel Partners LP
since 2008
6 recorded transactions
Zoning & alternative use
B1 · Norwalk, 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 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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
—
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
$219,924
Tax year 2023
Assessed value
$8,740,680
Assessed 2023
Previous assessed
$8,740,680
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$3,672,040
Assessed improvement
$5,068,640
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Units
266
Lot
3.21 ac (139,828 SF)
Zoning code
B1
APN
NORW M:5 B:71 L:13
UPID
US15-0808931
Jurisdiction
NORWALK
Zoning & alternative use
B1 · Norwalk, CT
Zoning B1 · permitted uses
B1 · 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.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
2
Units
266
Lot
3.21 ac
Current owner
From public records · entity-resolved
Conn Hotel Partners LP
Entity
Mailing address
7501 WISCONSIN AVE STE #500, BETHESDA, MD 20814-6519
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2008
$1,938,580
Conn Hotel Partners LP
Post Road Investors LLC
Warranty Deed
$22,000,000 · Zuckerman Family Nomi
Aug 26, 1998
—
Norwalk Club Opco LLC
—
Deed Of Trust
related
$18,500,000 · Column Financial INC
Mar 7, 1997
$6,850,000
Norwalk Club Opco LLC
Sunrise Hotel Corp
Grant Deed
—
Jun 29, 1994
—
Sunrise Hotel Corp
—
Deed Of Trust
related
$1,100,000 · Taipe Bk
Jul 19, 1993
$3,800,000
Sunrise Hotel Corp
Main St Land Corp
Grant Deed
$2,400,000 · Taipeibank
Aug 15, 1990
$455,200
Main St Land Corp
Doolittle,herbert JR
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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