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Property profile & analytics
FOR LEASE
Office buildings
901 Main Ave Norwalk, CT 06850
Entity Owned
7-yr Hold
Free & Clear
Property ID
US15-0935206
For Lease
1 / 2
Contact for pricing
901 Main Ave, Norwalk, CT 06850
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
339,272 SF
Lot
4.07 ac (177,183 SF)
Zoning code
EO
APN
NORW M:5 B:40 L:21
UPID
US15-0935206
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
-
Oak Management Corporation Property Management Company
-
1 To 1 Jobs Employment Agency
-
GECAS Corporate Office
-
GE Commercial Finance Financial Advisor
-
GE Capital, Americas Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$73.49M
Blend (final)
Blend
$60.31M
Owner & transaction history
35 Glover Borrower LLC · 7 yrs held
35 Glover Borrower LLC
since 2018
5 recorded transactions
Zoning & alternative use
EO · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$87.2M
+18.6%
Commercial (general)
$81.9M
+11.5%
Auto repair, garage
$79.3M
+7.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$73,485,000
Current use
RESTAURANT
$87,150,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$81,925,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$79,265,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$63,055,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$60.31M
Range $54.28M – $66.34M · ±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
$178 / 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
$2,772,232
Tax year 2023
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 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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
8
Units
1
Bathrooms
32
Total area
339,272 SF
Lot
4.07 ac (177,183 SF)
Zoning code
EO
APN
NORW M:5 B:40 L:21
UPID
US15-0935206
Jurisdiction
NORWALK
Zoning & alternative use
EO · Norwalk, CT
Zoning EO · permitted uses
EO · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$73.5M
RESTAURANT
Est. value
$87.2M
COMMERCIAL (GENERAL)
Est. value
$81.9M
AUTO REPAIR, GARAGE
Est. value
$79.3M
RETAIL STORES
Est. value
$63.1M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
8
Buildings
1
Units
1
Bathrooms
32
Lot
4.07 ac
Current owner
From public records · entity-resolved
35 Glover Borrower LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1 ELMCROFT RD #500, STAMFORD, CT 06926-0700
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2018
—
35 Glover Borrower LLC
35 Glover Ptrs LLC
Quit Claim Deed
related
—
Dec 15, 2005
—
35 Glover Partners LLC
—
Deed Of Trust
related
$68,000,000 · Massachus Mutual Lic
Nov 19, 2004
—
35 Glover Partners LLC
—
Deed Of Trust
related
$27,000,000 · Webster Bank
Feb 15, 2001
$6,000,000
35 Glover Prtnrs LLC
Hewitt Prop 6 LLC
Warranty Deed
—
Sep 10, 1999
$3,750,700
Hewitt Propties 6 LLC
Fairfield Invst
Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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