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

    15 Thorpe Street Ext Danbury, CT 06810

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $1,400,000

    0.81 acre commercial land in Danbury's CG-20 zone.

    Property size:
    18,705 SF
    Lot size:
    0.81 Acres

    Property Features for 15 Thorpe Street Ext

    General Information

    Standard status
    Contract
    Size
    18,705 SF
    Lot size
    0.81 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Jc C. Canto
    Source: Corcoran

    Listing Agency: Marinablue Realty Listing Agent: Jc C. Canto

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

    Learn more

    Overview

    Danbury Commercial Land Opportunity

    This commercial property is located at 15 Thorpe Street in Danbury, Connecticut. The 0.81-acre lot is zoned CG-20 and is situated near Main Street, White Street, and I-84 Exits 5 and 6. It is suited for contractors, trades, service, or light-industrial users requiring downtown access and visibility. The location benefits from municipal utilities, ample yard space, and proximity to WCSU and Danbury Hospital. The area is experiencing city streetscape improvements and rising traffic volumes.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4585869
    Latitude
    41.4065575

    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
    • $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
    • $240,000
      2,362 SF

      Turnkey Office Space For Sale

      Fully-furnished office space with flexible layout and prime visibility.
      39 Mill Plain Rd, Danbury, CT 06811
      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
    • $950,000
      3,161 SF

      Danbury Airport Hangar For Sale

      Newly constructed 3,161 SF hangar at Danbury Airport.
      49 Miry Brook Rd, 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 - 0.81 acre commercial land in Danbury's CG-20 zone.
    Where is this commercial land located?
    The property is located at 15 Thorpe Street Ext Danbury, CT.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Danbury, steps from Main St, White St, and I-84 Exits 5 & 6.; - Flexible CG-20 zoning suitable for contractors, trades, service, or light-industrial users.; - 0.81-acre lot with ample yard space.
    (203) 942-0479
    Request Owner's contact information
    15 Thorpe Street Ext 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.
    15 Thorpe Street Ext
    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
    15 Thorpe Street Ext 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
    Jc C. Canto
    (203) 942-0479 (203) 826-0764
    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!