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

    67 Newtown Rd Danbury, CT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a high-traffic shopping center.

    Type:RETAIL
    Property size:
    4,183 SF
    Lot size:
    30.10 Acres
    Added:
    Apr 26, 2024
    Days on Market:
    736
    Last Refresh:
    Apr 5 at 9:46 pm

    Property Features for 67 Newtown Rd

    General Information

    Standard status
    Active
    Size
    4,183 SF
    Lot size
    30.10 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 67 Newtown Rd Contact us

    We can help!

    Listing Contact
    David Hawley
    David Hawley

    Listing agent David Hawley

    Listing office The Hawley Companies

    Listing date Apr 26, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of The Hawley Companies

    Overview

    Retail Space in Berkshire Center

    Located at the intersection of Newtown Road (Route 6) and Plumtrees Road, the Berkshire Shopping Center spans 350,000 square feet and accommodates 33 stores. This retail space benefits from a prime location in the heart of the retail district, characterized by exceptional foot traffic and visibility. The property features ample parking and attractive landscaping. The shopping center attracts 5.8 million visitors annually. Anchor stores include Walmart, Marshall’s, and HomeGoods. The available retail space is 4,183 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Edible Arrangements (Bike/Boat/Book/etc) Store Michelle Nail Spa Nail Salon Walmart Pharmacy Pharmacy Town Fair Tire (Bike/Boat/Book/etc) Store Starbucks Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Newtown S.C. — 67 Newtown Rd, Danbury, CT 06810
    • Berkshire Shopping Center — 67 Newtown Rd, Danbury, CT 06810
    • Commerce Plaza — 71 newtown rd, danbury, ct 06810
    • Route 6 Plaza — 58 Newtown Rd, Danbury, CT 06810
    • Coinstar Kiosk | Bitcoin ATM — Stop & Shop - NY Metro, 72 Newtown Rd, Danbury, CT 06810-6254

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4183
    Latitude
    41.4058

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Space Available

      1,125 sq ft commercial space suitable for retail/office/repair.
      289 White St 4, Danbury, CT 06810
      View Details
    • Contact for pricing

      Desirable Office Unit For Rent

      Office unit with easy access and lots of natural light.
      57 North St 106, Danbury, CT 06810
      View Details
    • $900/Mo

      Office/Medical Space Near Hospital

      Office/medical space available near hospital and medical facilities.
      6 Germantown Rd 5, Danbury, CT 06810
      View Details
    • $2 SF/Yr

      Old Ridgebury

      Flexible office space designed for mental health and wellness professionals.
      44 Old Ridgebury Rd, Unit p130, Danbury, CT 06810
      View Details
    • $1,950/Mo

      Versatile Commercial Space For Rent

      1,125 sq ft commercial space suitable for retail/office.
      289 White Street #4, Danbury, CT 06810
      View Details
    • $12 SF/Yr

      Versatile Space with Loading Dock

      Industrial/office/retail space with highway visibility and loading dock.
      144 Old Brookfield Road #B, Danbury, CT 06811
      View Details
    • $1,995/Mo

      Updated Apartment Near Downtown Danbury

      Nicely maintained apartment with updated bathroom, close to downtown.
      17 Lake Ave 2, Danbury, CT 06810
      View Details
    • $2,700/Mo

      Prime Retail Space Available

      1,400 sq ft retail space in high-traffic location.
      68 Lake Avenue, Danbury, CT 06810
      View Details
    • $2,495/Mo

      Recently Renovated Apartment Near University

      Two-bedroom apartment with new amenities, near Western Connecticut State.
      35 Ninth Ave 1R, Danbury, CT 06810
      View Details
    • $1,650/Mo

      Spacious Studio Apartment Available

      Freshly painted studio apartment with laundry and parking included.
      64 Lake Ave 2, Danbury, CT 06810
      View Details
    • $850/Mo

      Professional Office Suite For Rent

      Office suite with private offices and easy highway access.
      57 North Street, Danbury, CT 06810
      View Details
    • $900/Mo

      Office/Medical Space Near Hospital

      Office/medical space available near hospital and medical facilities.
      6 Germantown Road #5, Danbury, CT 06810
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a high-traffic shopping center.
    Where is this shopping center located?
    The property is located at 67 Newtown Rd Danbury, CT.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Prime location at the heart of the retail district.; Exceptional foot traffic and visibility.; 5.8 Million Visitors per annum.
    (203) 748-8709 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Hawley
    David Hawley
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    67 Newtown Rd, Danbury, CT

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!