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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Office Spaces
95 Rowayton Ave 2 Norwalk, CT 06853-1405
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US15-0897546
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1977
Construction
FRAME
Total area
6,486 SF
Lot
0.2 ac (8,773 SF)
Zoning code
B3
APN
NORW M:6 B:1D L:14-B
UPID
US15-0897546
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
-
The Beacon Projects Group Construction Company
-
SWC Financial Advisor
-
Charisse Photography Serivces Photography Service (Bike/Boat/Book/etc) Store
-
marion law llc Consultant
-
Mariner Investment Group Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.52M
Owner & transaction history
95-b Rowayton Ave LLC · 25 yrs held
95-b Rowayton Ave LLC
since 2000
6 recorded transactions
Zoning & alternative use
B3 · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+18.2%
Commercial (general)
$1.6M
+11.1%
Auto repair, garage
$1.5M
+7.5%
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
$1,410,000
Current use
RESTAURANT
$1,665,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,565,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,515,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$1,205,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±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
$234 / 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
$45,275
Tax year 2023
Assessed value
$1,892,358
Assessed 2023
Previous assessed
$1,892,358
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,641,260
Assessed improvement
$251,098
Applied tax rate
129.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
7
Bathrooms
3
Total area
6,486 SF
Lot
0.2 ac (8,773 SF)
Zoning code
B3
APN
NORW M:6 B:1D L:14-B
UPID
US15-0897546
Jurisdiction
NORWALK
Zoning & alternative use
B3 · Norwalk, CT
Zoning B3 · permitted uses
B3 · 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
$1.4M
RESTAURANT
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
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
1977
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
7
Bathrooms
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
95-b Rowayton Ave LLC
Entity
Mailing address
95 ROWAYTON AVEB, NORWALK, CT 06853-1405
Ownership since
2000
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
Sep 25, 2000
$2,000,000
95-b Rowayton Ave LLC
95 Rowayton Ave LP
Warranty Deed
$1,500,000 · Zwi Kohorn
Jan 29, 1996
—
90 Rowyaton Ave LP
—
Deed Of Trust
related
$735,000 · First Union National Bank
Nov 10, 1994
—
Jean Ely
—
Deed Of Trust
related
$1,025,000 · Union Trust Co
Jun 16, 1992
$1,848,000
95 Rowayatone Ave LP
Ely,grosvenor
Warranty Deed
$1,050,000 · Ct Natl Bk
Jun 16, 1992
—
95 Rowayatone Ave LP
—
Deed Of Trust
related
$200,000 · Ct Natl Bk
Jul 23, 1991
—
Jean Ely
—
Deed Of Trust
related
$772,000 · Union Trust Co
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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