Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Danbury Office Building For Rent Title is generated by Realmo AI

    432 N Main St, Danbury, CT 06811

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office building with ample parking and highway access available for rent.

    Type:Office
    Added:
    Jun 18, 2024
    Days on Market:
    718
    Last Refresh:
    May 12 at 10:40 pm

    Property Features for 432 N Main St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 432 N Main St Contact us

    $17/Mo

    Size
    2,873 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Jeff Ryer
    Jeff Ryer

    Listing agent Jeff Ryer License #CT REB.0754714

    Listing office RYER Associates Commercial Real Estate

    Listing date Jun 18, 2024

    Source Crexi

    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 RYER Associates Commercial Real Estate

    HighLights

    • Excellent Highway Access to I‑84
    • Central Danbury Location
    • Ample Parking for tenants and guests
    • Great Exposure for your business
    • On Grade Parking Access
    • Signature Building

    Overview

    This commercial property, suitable for office use, is located in central Danbury and offers excellent highway access to I-84. The building features many windows and ample parking. On-grade parking access is available, with repaving planned for 2025. The property has been completely gutted and is ready for a new interior. Utilities are extra. A virtual 3D tour is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Surveying Associates PC Land Surveyor Sweet Danbury Dental Office Wall Mary Dental Office Nurse-Care Employment Agency Linda Tran Counselor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4609768
    Latitude
    41.4044211

    Nearby Similar for Lease

    • $1,950/Mo
      1,125 SF

      Versatile Commercial Space Available

      1,125 sq ft commercial space suitable for retail/office/repair.
      289 White St 4, Danbury, CT 06810
      View Details
    • $1,000/Mo
      500 SF

      Desirable Office Unit For Rent

      Office unit with easy access and lots of natural light.
      57 North St 106, 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 Street #4, Danbury, CT 06810
      View Details
    • $2 SF/Yr
      261-370 SF

      Old Ridgebury

      Flexible office space designed for mental health and wellness professionals.
      44 Old Ridgebury Rd, Unit p130, Danbury, CT 06810
      View Details
    • $12 SF/Yr
      3,469 SF

      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
    • $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
    • $2,700/Mo
      1,400 SF

      Prime Retail Space Available

      1,400 sq ft retail space in high-traffic location.
      68 Lake Avenue, Danbury, CT 06810
      View Details
    • $1,595/Mo
      2,548 SF

      Bright One-Bedroom Apartment For Rent

      Well-maintained one-bedroom apartment with natural wood floors and gas heat.
      39-43 Division Street Unit 1, Danbury, CT 06810
      View Details
    • $850/Mo
      682 SF

      Professional Office Suite For Rent

      Office suite with private offices and easy highway access.
      57 North Street, Danbury, CT 06810
      View Details
    • $9,235/Mo
      11,600 SF

      Retail Building Near City Center

      Retail building near city center with high traffic count.
      233 White Street, Danbury, CT 06810
      View Details
    • $900/Mo
      648 SF

      Office/Medical Space Near Hospital

      Office/medical space available near hospital and medical facilities.
      6 Germantown Road #5, Danbury, CT 06810
      View Details
    • $900/Mo
      648 SF

      Office/Medical Space Near Hospital

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

    FAQs

    What type of property is this?
    Office building - Office building with ample parking and highway access available for rent.
    Where is this office building located?
    The property is located at 432 N Main St Danbury, CT.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Excellent Highway Access to I‑84; Central Danbury Location; Ample Parking for tenants and guests
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Ryer
    Jeff Ryer
    Real Estate License ID: CT REB.0754714
    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
    432 N Main St, Danbury, CT 06811
    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!