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    238 Main St Danbury, CT 06810

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    For Sale
    $1,849,000

    Mixed-use building with retail space and apartments in Danbury.

    Property size:
    9,216 SF
    Lot size:
    0.10 Acres

    Property Features for 238 Main St

    General Information

    Size
    9,216 SF
    Lot size
    0.10 Acres

    Source: Godin Property Brokers Agent Brian Godin

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

    Overview

    Mixed-Use Building in Historic District

    This mixed-use building is located in the Danbury Historic District. The building has 9,216 square feet with an additional 2,304 square foot basement. The property features approximately 2,000 square feet of retail space and nine apartments. The building is well maintained and is located near a covered and secure parking structure. The lower level includes washers, dryers, and private tenant storage. The property's net operating income is $137,464 with a cap rate of 7.44%.
    Insight Report Location Intelligence

    Current Use by Public Records

    Green Star Partners ... Tax Preparation Service Clarissa Collection Clothing Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.453202
    Latitude
    41.3948005

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    FAQs

    What type of property is this?
    Apartment building - Mixed-use building with retail space and apartments in Danbury.
    Where is this apartment building located?
    The property is located at 238 Main St Danbury, CT.
    What is the asking price?
    The asking price for this property is $1,849,000.
    What are key features of this property?
    This property features: - High NOI of $137,464 and a 7.44% CAP Rate; - Mixed-Use Building with Retail Space and 9 Apartments; - Located in Danbury Historic District
    (203) 577-2277
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    238 Main St Danbury, CT 06810
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    Danbury, CT 06810
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    Realmo Value Estimation

    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.

    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.

    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
    238 Main St Danbury, CT 06810
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