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    12 Precision Rd Danbury, CT 06810

    Sponsored
    For Sale
    $1,389,000

    8,686 SF Office/Warehouse, 6% Cap Rate

    Property size:
    8,686 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a free-standing, 8,686 square foot Class B office/warehouse condominium in Danbury, CT. The property boasts a new 5-year gross lease with a corporate guarantee from a publicly traded tenant, who has invested over $800,000 in improvements. The lease commenced June 1, 2023, and includes annual rent bumps of 3%. The building features two stories, 22 dedicated parking spaces, two dock-high doors, and is served by water and gas utilities. Shared septic is in place, with sewer access available on Kenosia Avenue. Located in the IL-40 zone, this property offers convenient access to Route 7 and I-84. The asking price is $1,389,000, representing a 6.00% cap rate. This is a single-unit, owner-user investment with condo land ownership (two units total). Financials are available upon request. The building was constructed in 1984. The lease expires November 30, 2028, leaving approximately four years remaining.

    Property Features for 12 Precision Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    8,686 SF
    Class
    B

    Building Details

    Year Built
    1984
    Stories
    2
    Units
    1

    HighLights

    • $1,389,000 asking price for this 8,686 SF industrial/office property.
    • New 5‑year lease in place with a publicly traded tenant.
    • Tenant has invested over $800,000 in property improvements.
    • Free‑standing condo unit with condo land ownership (two units total).
    • 22 dedicated parking spaces.
    • IL‑40 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    K & R Negotiation ... Business Management Consultant The New England Computer ... Computer Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.49177666
    Latitude
    41.37957216

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    FAQs

    What type of property is this?
    Distribution property - 8,686 SF Office/Warehouse, 6% Cap Rate
    Where is this distribution property located?
    The property is located at 12 Precision Rd Danbury, CT.
    What is the asking price?
    The asking price for this property is $1,389,000.
    What are key features of this property?
    This property features: $1,389,000 asking price for this 8,686 SF industrial/office property.; New 5-year lease in place with a publicly traded tenant.; Tenant has invested over $800,000 in property improvements.
    Request Owner's contact information
    12 Precision Rd Danbury, CT 06810
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    Realmo Value Estimation

    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.

    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.

    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
    12 Precision Rd Danbury, CT 06810
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