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Property profile & analytics
OFF-MARKET
Estimated value
$28,405,000
Residential income homes
81 Summer St 131 Stamford, CT 06901-2300
Entity Owned
7-yr Hold
Property ID
US15-0238119
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
180,626 SF
Lot
1.32 ac (57,499 SF)
Zoning code
CCN
APN
STAM M:004 B:2354
UPID
US15-0238119
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
-
Ronin Jiu Jitsu Training Center Sports School
-
Catalyst Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.39M
Blend (final)
Blend
$28.41M
Owner & transaction history
Park Square W De 1 LLC · 7 yrs held
Park Square W De 1 LLC
since 2018
3 recorded transactions
Zoning & alternative use
CCN · Stamford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$46.4M
+17.2%
Auto repair, garage
$42.2M
+6.6%
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 Stamford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stamford 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
APARTMENT HOUSE (5+ UNITS)
$39,575,000
Current use
RESTAURANT
$46,395,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$42,200,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$37,450,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$33,570,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$31,785,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$28.41M
Range $25.56M – $31.25M · ±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
$157 / 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
$926,317
Tax year 2023
Assessed value
$34,667,560
Assessed 2023
Previous assessed
$34,667,560
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$7,382,930
Assessed improvement
$27,284,630
Applied tax rate
112.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
493
Bathrooms
202
Total area
180,626 SF
Lot
1.32 ac (57,499 SF)
Zoning code
CCN
APN
STAM M:004 B:2354
UPID
US15-0238119
Jurisdiction
STAMFORD
Zoning & alternative use
CCN · Stamford, CT
Zoning CCN · permitted uses
CCN · Stamford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stamford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$39.6M
RESTAURANT
Est. value
$46.4M
AUTO REPAIR, GARAGE
Est. value
$42.2M
INDUSTRIAL (GENERAL)
Est. value
$37.5M
RETAIL STORES
Est. value
$33.6M
OFFICE BUILDING
Est. value
$31.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE 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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
493
Bathrooms
202
Lot
1.32 ac
Current owner
From public records · entity-resolved
Park Square W De 1 LLC
Entity
Mailing address
1013 CTR RD STE 403B, WILMINGTON, DE 19805-1270
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2018
$42,000,000
Park Square W De 1 LLC
Annemid Psw LLC
Warranty Deed
$33,660,000 · Greystone Svcng
Jan 3, 2012
$40,000,000
Park Square West Assoc
Park Square West I Ltd
Warranty Deed
—
—
—
Park Square West Assn
—
Deed Of Trust
related
$4,000,000 · Cedar Hill Capital Ll
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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