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

    4 5Th Ave, Unit 8 Danbury, CT 06810

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,950 /Mo

    Apartment in walking distance to shopping, restaurants, and transportation.

    Lot size:
    0.11 Acres

    Property Features for 4 5Th Ave

    General Information

    Property type
    Multi Family
    Standard status
    Active
    Lot size
    0.11 Acres

    Building Details

    Year built
    1927

    We can help!

    Listing Contact
    Joseph Dimyan
    Source: Elliman

    Listing Agency: Tower Realty Corp Listing Agent: Joseph Dimyan

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

    Learn more

    Overview

    Downtown Apartment with Laundry

    This apartment building is located downtown, offering convenient access to shopping, restaurants, and public transportation. The available unit features 2 bedrooms and is described as light and bright. Laundry facilities are available on-site in the basement.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.443475
    Latitude
    41.40815

    Nearby Similar for Lease

    • $2,500 /Mo
      2,500 SF

      Turnkey Fitness Studio For Lease

      2,500 sq ft fitness studio available for lease.
      3 Dunham Dr, New Fairfield, CT 06812
      View Details
    • $12 SF/Yr
      4,500 SF

      New Fairfield Flex Space Available

      4,500 SF flex space suitable for warehouse or retail.
      3 Dunham Dr, New Fairfield, CT 06812
      View Details
    • $12 SF/Yr
      11,300 SF

      New Fairfield Commercial Space Available

      11,300 SF commercial space ideal for office or creative use.
      3 Dunham Dr, New Fairfield, CT 06812
      View Details
    • $600 /Mo

      Updated Office and Retail Building

      Newly updated office/retail building near I-84 and Danbury Hospital.
      18 Great Plain Rd, Danbury, CT 06810
      View Details
    • $3,000 /Mo

      Retail Space Near Danbury Mall

      Flexible retail space with great visibility and area amenities.
      40 Lake Avenue Ext, Danbury, CT 06811
      View Details
    • $9,235 /Mo

      Retail Building Near City Center

      Retail building with high traffic, near university and hospital.
      233 White St, Danbury, CT 06810
      View Details
    • $1,950 /Mo
      1,125 SF

      Versatile Commercial Space For Rent

      1,125 sq ft commercial space suitable for retail/office.
      289 White St, Danbury, CT 06810
      View Details
    • $875 /Mo

      Restored Victorian Office Suite

      Three-room office suite in restored Victorian building, available immediately.
      152 Deer Hill Ave, Danbury, CT 06810
      View Details
    • $6,950 /Mo

      Danbury Commercial Property For Lease

      High-traffic location suitable for retail or automotive businesses.
      79 Federal Rd, Danbury, CT 06811
      View Details
    • $775 /Mo

      Restored Victorian Office Suite

      Three-room office suite in restored Victorian building, utilities included.
      152 Deer Hill Ave, Danbury, CT 06810
      View Details
    • $800 /Mo

      Restored Victorian Office Space Available

      Two-room office space in restored Victorian building, utilities included.
      152 Deer Hill Ave, Danbury, CT 06810
      View Details
    • $775 /Mo

      Professional Office Suite For Rent

      Office suite with reception, offices, conference room, and storage.
      57 North St, Danbury, CT 06810
      View Details

    FAQs

    What type of property is this?
    Apartment building - Apartment in walking distance to shopping, restaurants, and transportation.
    Where is this apartment building located?
    The property is located at 4 5Th Ave, Unit 8 Danbury, CT.
    What is the lease rate?
    The lease rate is $1,950 /Mo.
    What are key features of this property?
    This property features: - Prime downtown location; - Walking distance to shopping and restaurants; - Convenient access to public transportation
    (203) 775-5000
    Request Owner's contact information
    4 5Th Ave, Unit 8 Danbury, CT 06810
    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.
    4 5Th Ave, Unit 8
    Danbury, CT 06810
    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
    4 5Th Ave, Unit 8 Danbury, CT 06810
    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
    Joseph Dimyan
    (203) 775-5000 (203) 313-3920
    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!