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

    110 Mill Plain Rd Danbury, CT 06811

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,750,000

    One-acre retail parcel with unmatched visibility and easy access.

    Lot size:
    0.99 Acres

    Property Features for 110 Mill Plain Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.99 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    J. Michael Struna
    Source: Elliman

    Listing Agency: Advantage Realty Commercial Listing Agent: J. Michael Struna

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

    Learn more

    Overview

    Prime Retail Development Site Available

    This one-acre retail parcel is positioned at the intersection of Mill Plain Road and Ridgebury Road, located at Exit 2 off I-84. The site offers visibility, easy access, and favorable demographics. The property allows for build-to-suit options or repurposing existing structures. Development planning is facilitated by a new survey and multiple concept site plans, some with approved setback variances. Public utilities available include city water, city sewer, and natural gas. The location is surrounded by office complexes, corporate headquarters, new apartment communities, and major condominium projects, capturing traffic from commuters, residents, and visitors. It is suitable for national food, retail, and service brands seeking high visibility. The CA-80 zoning supports a range of commercial uses. Nearby businesses include Starbucks, major hotels, gas stations, and national retail brands. Due to the aquifer protection district, new gas stations and fast-food drive-thrus are restricted.
    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
    -73.518279
    Latitude
    41.3924632

    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
    • $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
    • New
      $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
    • $525,000
      Pending

      Danbury Two-Family Near Downtown

      Well-located two-family near downtown Danbury, hospital, and university.
      18 James St, Danbury, CT 06810
      View Details
    • New
      $790,000
      3,131 SF

      Charming Victorian Home with Potential

      Victorian home with original features, ideal for restoration.
      14 Pleasant St, 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
    • $135,000

      Medical Office Space Near Hospital

      Former medical office space ideal for medical or professional use.
      27 Hospital Ave, Danbury, CT 06810
      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
    • $82,000
      682 SF

      Office Unit with Open Layout

      Office unit with kitchen, close to downtown and I84.
      57 North St, Danbury, CT 06810
      View Details
    • $100,000
      1,027 SF

      Spacious Office Unit For Sale

      Large office unit with flexible layout and convenient location.
      57 North St, Danbury, CT 06810
      View Details
    • $359,000

      Danbury Office Suite For Sale

      Office suite with private offices, conference room, and kitchenette.
      27 Mill Plain Rd, Danbury, CT 06811
      View Details
    • $895,000

      Danbury Brownstone with Commercial Space

      Historic brownstone with flexible commercial space and residential conversion potential.
      248 Main St, Danbury, CT 06810
      View Details

    FAQs

    What type of property is this?
    Commercial land - One-acre retail parcel with unmatched visibility and easy access.
    Where is this commercial land located?
    The property is located at 110 Mill Plain Rd 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 retail parcel surrounded by office complexes, apartments, and condominiums.; - Flexibility to build-to-suit or repurpose existing structures.
    (203) 798-9345
    Request Owner's contact information
    110 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.
    110 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
    110 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
    J. Michael Struna
    (203) 798-9345 (203) 733-1290
    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!