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    Property profile & analytics

    23 Danbury Rd Wilton, CT 06897-4321

    • Showrooms
    • 5,233 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Jun 17, 2021
    $1,425,000
    Value Estimations
    $1,765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0587596
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lace Affaire / Lingerie Store
    • Illumination Salon / Hair Salon / Beauty Salon

    Property Details for 23 Danbury Rd

    Year built
    1759
    Construction
    FRAME
    Lot size
    0.47 lot acres
    Property size
    5,233 SF
    Zone code
    DRB
    Property type
    Showrooms
    APN
    WILT M:0083 B:025 L:00
    APU
    WILTM0083B025L00

    Description

    This exceptional mixed-use property at 23 Danbury Rd, Wilton, CT 06897, presents a unique investment opportunity. The 0.47-acre lot houses a 7,061 square foot, two-story building, meticulously renovated in 2015, boasting 5,233 square feet of net rentable space. Currently configured as a multi-tenant property with two occupants, the building offers three units and ample parking (5.2 spaces per 1,000 sq ft). The property features a desirable Class A designation and is zoned DRB. The building was originally constructed in 1759, showcasing a blend of historical charm and modern updates. With a strong net operating income (NOI) of $485,000, this property offers a compelling return on investment. The lease type is NN+, with tenants secured by a corporate guarantee, eliminating credit rating concerns. Tenancy is multi-unit, with lease commencement on December 31, 2024. This turnkey opportunity allows for immediate occupancy on December 31, 2024. The asking price is $1,950,000, representing a significant value in this high-traffic, highly visible Wilton location. The property's history as a successful salon and boutique demonstrates its potential for continued success under new ownership. This is an ideal investment for an owner-user seeking to establish or expand their business in a thriving Connecticut community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,780,000
      ML approach
      $1,850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,265,000
      Market price range: $568k - $2.03M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilton
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4192
    Latitude
    41.1634
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $33,003
    $824,950
    $302,960
    $1,127,910
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,100,000
      73,918 SF

      439 Danbury Rd

      SHOW ROOM, WAREHOUSE • 73,918 SF
      439 Danbury Rd, Wilton, CT 06897-2006
      View Details
    • Value Estimation
      $475,000
      8,642 SF

      134 Old Ridgefield Rd

      SHOW ROOM, WAREHOUSE • 8,642 SF
      134 Old Ridgefield Rd, Wilton, CT 06897-3048
      View Details
    • Value Estimation
      $530,000
      11,700 SF

      991 Danbury Rd

      SHOW ROOM, WAREHOUSE • 11,700 SF
      991 Danbury Rd, Wilton, CT 06897-4837
      View Details
    • Value Estimation
      $540,000
      12,014 SF

      1 Danbury Rd

      SHOW ROOM, WAREHOUSE • 12,014 SF
      1 Danbury Rd, Wilton, CT 06897-4304
      View Details
    • Value Estimation
      $480,000
      7,840 SF

      386 Danbury Rd

      SHOW ROOM, WAREHOUSE • 7,840 SF
      386 Danbury Rd, Wilton, CT 06897-2510
      View Details
    • Value Estimation
      $575,000
      8,828 SF

      7 Godfrey Pl

      SHOW ROOM, WAREHOUSE • 8,828 SF
      7 Godfrey Pl, Wilton, CT 06897-3011
      View Details

    Similar Nearby for Sale

    • $1,199,000

      Historic Investment Property For Sale

      Historic property with treatment rooms, parking, and convenient location.
      475 Danbury Rd, Wilton, CT 06897
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    • $1,500,000
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      Wilton Retail Property - 4.3 Acres

      Prime Wilton location, 4,603 SF retail space, $1.5M.
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    • $1,199,000
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      Wilton Commercial Building - Prime Location

      Historic building, high visibility, strong tenant.
      475 Danbury Rd, Wilton, CT 06897
      View Details
    • $700,000
      2,600 SF

      Wilton Executive Office Building

      Historic Charm, Prime Location, Growth Potential
      250 Danbury Rd, Wilton, CT 06897
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    • $999,000
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      Wilton Executive Office Building

      Prime Wilton location, 4,978 SF office space.
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    • $1,100,000
      9,988 SF

      Wilton Commercial Building - $1.1M

      Executive Office & Warehouse, Wilton, CT
      378 Danbury Rd, Wilton, CT 06897
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,300 SF

      Retail Space in Wilton Center

      4,300 SF retail space with 1,300 SF basement.
      35-39 Danbury Rd, Wilton, CT 06897
      View Details
    • $35 SF/Yr
      1,639 SF

      Versatile Retail/Office Space Available

      Adaptable space suitable for retail, office, or medical tenants.
      3 Danbury Rd, Wilton, CT 06897
      View Details
    • Contact for pricing
      3,134 SF

      Wilton Retail and Office Space

      First-class retail and office spaces in the heart of Wilton Center.
      11-21 River Rd, Wilton, CT 06897
      View Details
    • $44,200
      1,300 SF

      Wilton Center Commercial Space Available

      Office/business/medical space in Wilton town center with abundant parking.
      126 Old Ridgefield Rd, Wilton, CT 06897
      View Details
    • Contact for pricing
      988 SF

      Wilton Executive Office Space

      Historic District Office Suite, 988 SF
      142 Danbury Rd, Wilton, CT 06897
      View Details
    • $900 /Mo
      270 SF

      Wilton Retail Building For Rent

      270 SF freestanding building, formerly Wilton Post Office, for rent.
      146-148 Danbury Rd, Wilton, CT 06897
      View Details
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    Wilton, CT 06897-4321
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    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
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