Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29 Danbury Rd New Milford, CT 06776

    Sponsored
    For Sale
    $1,700,000

    COMMERCIAL - New Milford, CT

    Property size:
    4,393 SF
    Lot size:
    6.86 Acres
    Days on Market:
    58
    Last Refresh:
    Feb 16 at 3:06 am

    Property Features for 29 Danbury Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B2
    Parking
    51
    Size
    4,393 SF
    Lot size
    6.86 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1964
    Floors in Building
    2
    Flooring type
    Tile - Ceramic, Carpet - Full

    We can help!

    Listing Contact
    Michael Bachmann

    Wareck Real Estate LLC (203) 878-6888

    Listing agent Michael Bachmann (203) 787-6888

    Listing date Dec 21, 2025

    MLS# 24123308

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Milford Commercial Opportunity

    Located in New Milford, Connecticut, 29 & 31 Danbury Road presents an investment and development opportunity. This 6.86-acre assemblage includes two parcels featuring the former Cookhouse Restaurant, a 4,393 square foot freestanding building with 51 dedicated parking spaces. The property has fully entitled rights to construct a 20,900 square foot commercial structure. The existing building can be reopened, repurposed, or redeveloped. Positioned on the high-traffic Route 7/202, the site offers visibility, flexible use potential, and frontage. The property is located in a high-growth suburban market and offers a combination of income, development rights, and regional access. Nearby businesses include Lowe's, Starbucks, Big Y, Walgreens, and Bank of America, along with multiple QSRs and local services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Harvey Porta Potty ... Building Supply Ebony Men Black ... Theater & Performing Art Venue

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Milford
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.4134302
    Latitude
    41.5702942

    Nearby Similar for Sale

    • $750,000
      6,547 SF

      New Milford Church and Rectory

      Church with antique rectory house available for sale.
      685 Kent Rd, New Milford, CT 06755
      View Details
    • $325,000
      Pending

      Turnkey Office and Retail Space

      Commercial property suitable for office, retail, or studio use.
      74 Park Lane Rd, New Milford, CT 06776
      View Details
    • $2,865,000
      21,150 SF

      New Milford Investment Opportunity

      Prime investment property on the historic New Milford Green.
      43 Main St, New Milford, CT 06776
      View Details
    • Contact for pricing
      4,976 SF

      Village Center Industrial-Style Building

      Industrial-style building in Village Center district, multiple uses allowed.
      96 Railroad St, New Milford, CT 06776
      View Details
    • $1,000,000
      5,485 SF

      Retail/Mixed-Use Building in Downtown

      Meticulously maintained retail/mixed-use building in historic downtown.
      36 Bank St, New Milford, CT 06776
      View Details
    • Contact for pricing
      3,800 SF

      Multi-Use Commercial/Residential Property For Sale

      Large multi-use commercial and residential property in Gaylordsville, New Milford.
      696 Kent Rd, New Milford, CT 06776
      View Details
    • $699,000

      Updated Two-Family Home Near Downtown

      Updated two-family property near downtown with investment potential.
      7 Spring St, New Milford, CT 06776
      View Details
    • $450,000
      4,496 SF

      Turn-Key Medical Space Available

      Medical space with rooms, offices, and essential amenities for sale.
      219 Kent Rd, New Milford, CT 06776
      View Details
    • $630,000

      Well-Maintained Office Building For Sale

      Highly visible office building with investment potential in New Milford.
      315 Litchfield Rd, New Milford, CT 06776
      View Details
    • $185,000
      1,600 SF

      Established Restaurant Business For Sale

      Profitable breakfast and lunch restaurant with long-term lease and equipment.
      14 Railroad St, New Milford, CT 06776
      View Details
    • $269,900
      1,700 SF

      Industrial Condo for Automotive Repair

      1700 SF industrial condo suitable for automotive repair.
      34 Old Route 7 Plz, New Milford, CT 06776
      View Details
    • Contact for pricing
      328,360 SF

      Industrial Buildings on 67 Acres

      Seven industrial buildings totaling 328,360 SF on 67 acres.
      33 Boardman Rd, New Milford, CT 06776
      View Details

    FAQs

    What type of property is this?
    Restaurant - 7-acre assemblage with existing building and development rights.
    Where is this restaurant located?
    The property is located at 29 Danbury Rd New Milford, CT.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - 7-acre assemblage with two parcels in New Milford, CT.; - Includes a **4,393 SF freestanding building** (former Cookhouse Restaurant) with **51 parking spaces.**; - Fully entitled rights to build a 20,900 SF commercial structure.
    (203) 833-3681
    Request Owner's contact information
    29 Danbury Rd New Milford, CT 06776
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29 Danbury Rd
    New Milford, CT 06776
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29 Danbury Rd New Milford, CT 06776
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Bachmann
    Real Estate License ID: RES.0824866
    (203) 833-3681 (203) 787-6888 (203) 878-6888
    Learn more
    Google sign-in failed. Please try again or use another login method.