Entity Owned Property summary
AI-generated overview
This exceptional industrial warehouse property, located at 83-85 North Main Street in Norwalk, Connecticut, offers a prime opportunity for businesses seeking flexible warehouse space. The single, two-story building, constructed in 1972 and renovated in 2015, encompasses a total of 5,042 square feet, divided into eight suites. Currently, 4,700 square feet of space is available, with minimum divisible units of 2,200 square feet and a maximum contiguous space of 2,000 square feet. The property sits on 1.6 acres of land and features an 8-foot ceiling height, one drive-in door, and ample parking. The zoning is designated as RPDE. This South Norwalk location provides convenient access to major transportation routes. The building's features include two overhead doors (in the available space). Electricity is separately metered. This is an ideal space for businesses needing efficient and well-maintained warehouse facilities in a desirable Fairfield County location. The zip code is 06850.
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1905
Construction
FRAME
Total area
3,150 SF
Lot
0.12 ac (5,314 SF)
Zoning code
CBDA
APN
NORW M:1 B:72 L:3
UPID
US15-0571361
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
since 2024
Last sale
$1.2M
1 recorded transaction
Zoning & alternative use
CBDA · Norwalk, CT
Top alternative use upside
Commercial (general)
$760,000
+52.4%
Auto repair, garage
$735,000
+47.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.18M
Value range
$1.06M – $1.29M
±10% around blend
Estimated value / SF
$373 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$1.06M
blend $1.18M
$1.29M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,150 SF
Lot area
0.12 ac
Year built
1905
Stories
4
APN
NORW M:1 B:72 L:3
Zoning
CBDA
Assessed value
$672,940
Annual tax
$16,881
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.18M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 253 sales
$158
+135%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $373/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+52%
vs current-use indication
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.18M
Move the market yield to see immediate price impact.
Value / SF
$373
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$74k
$1.48M
$1.06M
$823k
$82k
$1.65M
$1.18M
$914k
$90k
$1.81M
$1.29M
$1.01M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,881
Tax year 2023
Assessed value
$672,940
Assessed 2023
Previous assessed
$672,940
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$352,580
Assessed improvement
$320,360
Applied tax rate
129.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1905
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
4
Rooms
16
Bathrooms
8
Total area
3,150 SF
Lot
0.12 ac (5,314 SF)
Zoning code
CBDA
APN
NORW M:1 B:72 L:3
UPID
US15-0571361
Jurisdiction
NORWALK
Zoning & alternative use
CBDA · Norwalk, CTZoning CBDA · permitted uses
CBDA · Norwalk, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1905
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
4
Rooms
16
Bathrooms
8
Lot
0.12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CBDA
Jurisdiction
Norwalk, CT
Recorded code
CBDA
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBDA in Norwalk, CT.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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