Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    68 Mill Plain Rd Danbury, CT 06811

    View on Map
    Sponsored
    For Sale
    $1,525,000

    COMMERCIAL - Danbury, CT

    Property size:
    7,609 SF
    Lot size:
    1.11 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 21 at 5:06 am

    Property Features for 68 Mill Plain Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CA80
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2
    Bathrooms
    3
    Size
    7,609 SF
    Lot size
    1.11 Acres

    Utilities

    Sewer type
    Shared Septic
    Water source
    Well

    Building Details

    Year built
    1941

    We can help!

    Listing Contact
    Ana Urgiles-Quinancela

    Keller Williams Realty

    Listing agent Ana Urgiles-Quinancela

    Listing date Mar 20, 2026

    MLS# 24156810

    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

    Danbury Commercial Opportunity on Mill

    This commercial property is located in the Mill Plain corridor in Danbury. The sale includes two abutting parcels to be conveyed together. Positioned within the CA80 zoning district, the property benefits from visibility along a well-traveled commercial route with access to major shopping destinations and I84. The area is surrounded by a mix of national retailers, service providers, and established local businesses, supporting commercial activity and customer traffic. The property is suitable for a variety of retail, service, office, or redevelopment uses subject to zoning approval. The lot size is 1.11 acres, with a property size of 7609 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dawg Wash Pet Grooming Service Dawg House Daycare ... Kennel & Boarding Facility M Holder Dumpster ... General Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5047497
    Latitude
    41.3902979

    Nearby Similar for Sale

    • $519,900
      2,432 SF

      Danbury Commercial Building For Sale

      Former firehouse with multiple finished spaces and onsite parking.
      69 Liberty St, Danbury, CT 06810
      View Details
    • $895,000
      8,612 SF

      Danbury Brownstone: Commercial or Residential

      Classic brownstone in Danbury suitable for commercial or residential use.
      248 Main St, Danbury, CT 06810
      View Details
    • New
      $790,000
      3,131 SF

      Victorian Home with Development Potential

      Charming Victorian home with original features, ideal for restoration.
      14 Pleasant St, Danbury, CT 06811
      View Details
    • $819,900
      Pending

      Charming Three-Family Home Near Downtown

      Well-maintained three-family home with historic charm and convenient location.
      19 Mcdermott St, Danbury, CT 06810
      View Details
    • $895,000
      8,612 SF

      Historic Brownstone in Danbury

      Classic brownstone with commercial space and residential conversion potential.
      248 Main St, Danbury, CT 06810
      View Details
    • $339,000

      Danbury Office Suite For Sale

      Office suite with private offices, conference room, and kitchenette.
      27 Mill Plain Rd, Danbury, CT 06811
      View Details
    • $399,000
      572 SF

      New Fairfield Commercial Condo Opportunity

      Commercial condo ideal for owner-operator or new business venture.
      25 State Route 37, New Fairfield, CT 06812
      View Details
    • $1,575,000

      Prime Commercial Property For Sale

      High-traffic location suitable for retail or automotive businesses.
      79 Federal Rd, Danbury, CT 06811
      View Details
    • $519,900

      Former Firehouse in RM-12 Zone

      Unique building with multiple finished spaces and onsite parking.
      69 Liberty St, Danbury, CT 06810
      View Details
    • $895,000
      8,612 SF

      Danbury Brownstone with Commercial Levels

      Classic brownstone with commercial space and residential conversion potential.
      248 Main St, Danbury, CT 06810
      View Details
    • $519,900
      2,432 SF

      Former Firehouse in RM-12 Zone

      Unique building with multiple finished spaces and onsite parking.
      69 Liberty St, Danbury, CT 06810
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land in active Mill Plain corridor, Danbury.
    Where is this commercial land located?
    The property is located at 68 Mill Plain Rd Danbury, CT.
    What is the asking price?
    The asking price for this property is $1,525,000.
    What are key features of this property?
    This property features: - Prime commercial location in the active Mill Plain corridor.; - Two abutting parcels included in the sale.; - CA80 zoning allows for retail, service, office, or redevelopment uses (subject to zoning approval).
    (203) 297-0948
    Request Owner's contact information
    68 Mill Plain Rd Danbury, CT 06811
    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.
    68 Mill Plain Rd
    Danbury, CT 06811
    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
    68 Mill Plain Rd Danbury, CT 06811
    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
    Ana Urgiles-Quinancela
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!