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Property profile & analytics
FOR LEASE
Office buildings
44 Old Ridgebury Rd Danbury, CT 06810
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-0089077
For Lease
1 / 14
$22 SF/Yr
44 Old Ridgebury Rd, Danbury, CT 06810
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
100,805 SF
Lot
8 ac (348,480 SF)
Zoning code
RMF-4
APN
DANB M:C16 L:6
UPID
US15-0089077
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cafe 44 Cafe & Coffee Shop
-
Wealth Enhancement Group Financial Advisor
-
Danbury ABM Office Landscaping General Contractor
-
Robert Half Recruiters & Employment Agency Employment Agency
-
Promontory MortgagePath Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.32M
Blend (final)
Blend
$12.11M
Owner & transaction history
Msm 44 Old Rdgbury Rd LLC · 5 yrs held
Msm 44 Old Rdgbury Rd LLC
since 2021
Last sale
$11.5M
7 recorded transactions
Zoning & alternative use
RMF-4 · Danbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$19.2M
+44.2%
Retail stores
$18.7M
+41.0%
Commercial (general)
$14.7M
+10.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Danbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danbury submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$13,095,000
ML approach
$10,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,290,000
Current use
APARTMENT HOUSE (5+ UNITS)
$19,165,000
Change: +44% · Conversion: Easy
RETAIL STORES
$18,735,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$14,735,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$12.11M
Range $10.89M – $13.32M · ±10% · vs last sale $11.50M (Apr 29 2021)
Last sale anchor
$11.50M
Apr 29 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$120 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$191,971
Tax year 2023
Assessed value
$8,228,500
Assessed 2023
Previous assessed
$8,228,500
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$816,550
Assessed improvement
$7,411,950
Applied tax rate
102.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
1
Total area
100,805 SF
Lot
8 ac (348,480 SF)
Zoning code
RMF-4
APN
DANB M:C16 L:6
UPID
US15-0089077
Jurisdiction
DANBURY
Zoning & alternative use
RMF-4 · Danbury, CT
Zoning RMF-4 · permitted uses
RMF-4 · Danbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Danbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$13.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.2M
RETAIL STORES
Est. value
$18.7M
COMMERCIAL (GENERAL)
Est. value
$14.7M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
1
Lot
8 ac
Current owner
From public records · entity-resolved
Msm 44 Old Rdgbury Rd LLC
Entity
Mailing address
PO BOX 1180, MONSEY, NY 10952-8239
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2021
$11,500,000
Msm 44 Old Rdgbury Rd LLC
Ridgebury Office Inv LLC
Warranty Deed
$7,200,000 · Sterling National Bank
Feb 15, 2011
$1
Bank Of New Canaan
Ridgeburyoffice Invst LLC
Deed Of Trust
—
Nov 24, 2010
$2,150,000
Ridgebuy Office Inv LLC
Windemere LLC
Warranty Deed
—
Dec 30, 2008
$1
Bank Of New Canaan
Windemere LLC
Deed Of Trust
related
—
Dec 15, 2000
$14,600,000
The Windemere LLC
Ridgebury Office Ctr
Warranty Deed
$12,000,000 · Peoples Bank
Aug 26, 1997
$625,000
Ridge Briar
Newmont Realty
Warranty Deed
$500,000 · Norwalk Savings Soc
Apr 12, 1994
—
Ridgebury Officenter
—
Deed Of Trust
related
$9,000,000 · Union Trust Co
Nov 25, 1991
$12,400,000
Ridgebury Office Ctr
Ridge Corp
Warranty Deed
related
$8,680,000 · Chase Manhattan Bank
Oct 15, 1987
—
Ridgebury Office Assoc
—
Deed Of Trust
related
$16,000,000 · Chase Manhattan Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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