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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Office buildings
94 Ee Ave Norwalk, CT 06851-5024
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US15-1263191
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1825
Construction
FRAME
Total area
13,890 SF
Lot
0.63 ac (27,582 SF)
Zoning code
RB
APN
NORW M:1 B:56 L:2
UPID
US15-1263191
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
-
JumarMarketing, LLC Advertising Agency Marketing & Advertising
-
Suzanne Gabriele and Associates, LLC Marriage Or Relationship Counselor
-
The Calm Mind, PLLC Foster Care Service Social Service Agency
-
Stephanie Carrow, LCSW Counselor Social Worker
-
Brittani L. D'Andrea, LCSW, GAL Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.55M
Owner & transaction history
94 East Ave LLC · 12 yrs held
94 East Ave LLC
since 2014
6 recorded transactions
Zoning & alternative use
RB · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,580,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±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
$112 / 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
$42,236
Tax year 2023
Assessed value
$1,683,660
Assessed 2023
Previous assessed
$1,683,660
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$626,510
Assessed improvement
$1,057,150
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1825
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
13
Bathrooms
8
Total area
13,890 SF
Lot
0.63 ac (27,582 SF)
Zoning code
RB
APN
NORW M:1 B:56 L:2
UPID
US15-1263191
Jurisdiction
NORWALK
Zoning & alternative use
RB · Norwalk, CT
Zoning RB · permitted uses
RB · 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
RETAIL STORES
Est. value
$2.6M
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
1825
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
13
Bathrooms
8
Lot
0.63 ac
Current owner
From public records · entity-resolved
94 East Ave LLC
Entity
Mailing address
15 DOVER RD, WESTPORT, CT 06880-2627
Ownership since
2014
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
Jul 16, 2014
$1,400,000
94 East Ave LLC
Drew Friedman
Warranty Deed
$900,000 · First County Bank
Dec 27, 2006
$1
Drew Friedman
33-51 Corp
Grant Deed
related
—
Dec 21, 2006
$2,300,000
Drew Friedman
Modest Prop LLC
Warranty Deed
$375,000 · Zuckerman Family Nomi
Jun 17, 2003
$400,000
Very Modest Prop LLC
Nss Rlty Corporation
Grant Deed
—
Aug 7, 1995
$650,000
Modest Properties LLC
Norwalk Sb
Grant Deed
$552,500 · Norwalk Savings Soc
Apr 5, 1993
$1,732,048
Norwalk Svgs Society
94 East Ave Dev Corp
Warranty Deed
related
—
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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