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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Retail space
97 Washington St Norwalk, CT 06854-3081
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0377137
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,050 SF
Lot
0.06 ac (2,614 SF)
Zoning code
WSDD
APN
NORW M:2 B:24 L:23
UPID
US15-0377137
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
-
Law Offices of Charles Kurmay Law Firm
-
SOHObar Bar & Pub
-
SOHO COFFE & JUICE Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$800k
Owner & transaction history
97 W Associates LLC · 5 yrs held
97 W Associates LLC
since 2021
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
WSDD · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$980,000
+29.9%
Auto repair, garage
$945,000
+25.7%
Office building
$880,000
+17.0%
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
$910,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$755,000
Current use
COMMERCIAL (GENERAL)
$980,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$945,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$880,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Jan 25 2021)
Last sale anchor
$800k
Jan 25 2021
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
$198 / 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
$12,525
Tax year 2023
Assessed value
$499,270
Assessed 2023
Previous assessed
$499,270
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$233,770
Assessed improvement
$265,500
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
2
Total area
4,050 SF
Lot
0.06 ac (2,614 SF)
Zoning code
WSDD
APN
NORW M:2 B:24 L:23
UPID
US15-0377137
Jurisdiction
NORWALK
Zoning & alternative use
WSDD · Norwalk, CT
Zoning WSDD · permitted uses
WSDD · 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 Current
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$945,000
OFFICE BUILDING
Est. value
$880,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
97 W Associates LLC
Entity
Free & Clear · 5 yrs held
Mailing address
49 WILTON WOODS RD, WILTON, CT 06897-1121
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
—
1100 Kings Highway LLC
—
Deed
related
$2,000,000 · Emigrant Funding Corp
Jan 25, 2021
$800,000
97 W Associates LLC
97 Wa St Investments LLC
Warranty Deed
—
Apr 18, 2013
—
97 Washington St Inv LLC
—
Deed Of Trust
related
$391,000 · Ffld County Bank Corp
Dec 31, 1998
$297,000
97 Washington St. Inv
Cooper,george
Warranty Deed
$297,000 · Zenon Grzybowski
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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