Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Development Site Title is generated by Realmo AI

    110 Mill Plain Road, Danbury, CT 06811

    View on Map
    Claim this Listing
    For Sale
    $1,750,000

    One-acre retail parcel at I-84 Exit 2.

    Type:Commercial
    Property size:
    10,000 SF
    Lot size:
    0.99 Acres
    Price / SF:
    $175/SF
    Added:
    Oct 9, 2025
    Days on Market:
    239
    Last Refresh:
    Apr 5 at 8:29 pm

    Property Features for 110 Mill Plain Road

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    0.99 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    MICHAEL STRUNA

    Listing agent MICHAEL STRUNA

    Listing office Advantage Realty, Inc.

    Listing date Oct 9, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Advantage Realty, Inc.

    HighLights

    • Prime location at I‑84 Exit 2 with high visibility and easy access.
    • One‑acre site suitable for build‑to‑suit or repurposing existing structures.
    • Strong demographics with proximity to offices, apartments, and condominiums.
    • CA‑80 zoning allows a wide range of commercial uses.
    • All public utilities available: city water, city sewer, and natural gas.
    • New survey and concept site plans simplify development planning.

    Overview

    This one-acre retail parcel is positioned at the intersection of Mill Plain Road and Ridgebury Road, specifically at Exit 2 off I-84. The site offers visibility and accessibility, with utilities available including city water, city sewer, and natural gas. The property allows for build-to-suit options or repurposing existing structures. A new survey and concept site plans, some with approved setback variances, are available. The location is surrounded by office complexes, corporate headquarters, new apartment communities, and major condominium projects. The CA-80 zoning supports a range of commercial uses. Nearby businesses include Starbucks, hotels, gas stations, and national retail brands. Due to the aquifer protection district, new gas stations and fast-food drive-thrus are restricted. It is suited for national food, retail, and service brands seeking high visibility without a drive-thru.
    Property Profile Location Intelligence

    Current Use by Public Records

    S & R Plumbing ... Plumbing Service

    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
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5183
    Latitude
    41.3925

    Nearby Similar for Sale

    • $1,200,000
      3,322 SF

      Victorian Dream Home on Deer Hill

      Historic two-family home with modern updates and income potential.
      116 Deer Hill Avenue, Danbury, CT 06810
      View Details
    • $849,000
      3,744 SF

      Four-Unit Georgian Brick Property

      Four-family income property with flexible 2–3 bedroom layouts and off-street parking.
      35-37 Osborne Street, Danbury, CT 06810
      View Details
    • $1,475,000
      7,609 SF

      Danbury Commercial Opportunity on Mill

      Mixed-use retail/residential property in active Mill Plain corridor.
      68 Mill Plain Road, Danbury, CT 06811
      View Details
    • $639,000
      2,594 SF

      Updated Multi-Family Home, Danbury

      Updated multi-family home with income potential near university and hospital.
      3 Ninth Avenue, Danbury, CT 06810
      View Details
    • $895,000
      6,812 SF

      Classic Brownstone in Danbury Heart

      Historic building with modern flexibility, suitable for various uses.
      248 Main St, Danbury, CT 06810
      View Details
    • $519,900
      2,432 SF

      Former Firehouse in RM-12 Zone

      Unique commercial property with multiple finished spaces and onsite parking.
      69 Liberty Street, Danbury, CT 06810
      View Details
    • $725,000
      3,131 SF

      Charming Victorian Home in Danbury

      Victorian home with original features, ideal for restoration.
      14 Pleasant Street, Danbury, CT 06811
      View Details
    • $799,000

      19-Acre Land with Historic House

      19-acre land parcel with a 1774 Revolutionary house.
      163 Clapboard Ridge Road, Danbury, CT 06811
      View Details
    • $639,000
      2,594 SF

      Updated Multi-Family Home in Danbury

      Turnkey multi-family home with income potential near university and hospital.
      3 Ninth Avenue, Danbury, CT 06810
      View Details
    • $90,000
      1,027 SF

      Spacious Office Unit For Sale

      Large office unit with flexible layout and convenient location.
      57 North St STE 313, Danbury, CT 06810
      View Details
    • $699,000

      Spacious Multifamily Home with Garage

      Versatile 6-bedroom home with detached garage and building lot.
      8 Pleasant St, Danbury, CT 06810
      View Details
    • $699,000
      2,956 SF

      Spacious Multifamily Home with Garage

      Six-bedroom multifamily home with detached three-car garage and building lot.
      8 Pleasant Street, Danbury, CT 06810
      View Details

    FAQs

    What type of property is this?
    Commercial land - One-acre retail parcel at I-84 Exit 2.
    Where is this commercial land located?
    The property is located at 110 Mill Plain Road Danbury, CT.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Prime location at I‑84 Exit 2 with high visibility and easy access.; One‑acre site suitable for build‑to‑suit or repurposing existing structures.; Strong demographics with proximity to offices, apartments, and condominiums.
    (203) 798-9345
    We can help!
    Listing Contact
    MICHAEL STRUNA
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    110 Mill Plain Road, Danbury, CT 06811
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!