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    26 Newtown Rd Danbury, CT 6810

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    For Lease
    Contact for pricing

    Two auto repair shop spaces available for lease.

    Type:Retail, Special Purpose
    Property size:
    9,000 SF
    Added:
    Aug 5, 2023
    Days on Market:
    971
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 26 Newtown Rd

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Property subtype
    Retail, Special Purpose

    Building Details

    Year Built
    1990

    Spaces For Lease

    at 26 Newtown Rd Contact us

    Lower / Rear - 3 Bay $14 /Mo

    Size
    4,500 SF
    Type
    Retail
    4500 s.f. with 3 bays and 14' overhead doors. 5 lifts included. truck pit, office,...
    show more
    Contact us

    Upper Level - 6 Bay $19 /Mo

    Size
    4,500 SF
    Type
    Retail
    4500 s.f. with 6 bays and 14' overhead doors. ( possible to have lifts included.)...
    show more
    Contact us

    We can help!

    Listing Contact
    Chris Cosio
    Chris Cosio

    Listing agent Chris Cosio License #CT 0806068

    Listing office Advantage Realty Commercial Inc

    Listing date Aug 5, 2023

    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 Advantage Realty Commercial Inc

    Overview

    Auto Repair Shop For Lease

    This property, built in 1990, offers two separate auto repair shop spaces for lease. The location benefits from high visibility, with 19,000 vehicle trips per day. The 9,000 SF building at 26 Newtown Road is split into two 4,500 SF units. The upper space is available for lease at $19.75 per square foot NNN. The lower level is available for lease at $14.00 per square foot NNN. Taxes and insurance are $4.50 per square foot. The property is serviced with a stop light for easy access and exit. The lower level features 3 large drive-in doors, 5 lifts, a well for truck repair, offices, and storage. The property has 30 parking spots and is served by city sewer, city water, and natural gas.
    Location Intelligence

    Current Use by Public Records

    Monro Muffler Brakes (Bike/Boat/Book/etc) Store Jerry's Transmission Inc Auto Repair Shop Monto muffler Auto Repair Shop

    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.

    Similar Places Nearby

    • C & S Auto & Truck Repair LLC — 50 Shelter Rock Rd, Danbury, CT 06810
    • Ultimate Restoration & Kart — 79 Triangle St, Danbury, CT 06810
    • Body Works Autobody — 55 Shelter Rock Rd, Danbury, CT 06810
    • Danbury Undercoating — 39 Shelter Rock Rd, Danbury, CT 06810
    • American Auto Collision LLC — 55 Shelter Rock Rd, Danbury, CT 06810

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4262238
    Latitude
    41.4011829

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    FAQs

    What type of property is this?
    Auto shop - Two auto repair shop spaces available for lease.
    Where is this auto shop located?
    The property is located at 26 Newtown Rd Danbury, CT.
    What are key features of this property?
    This property features: High‑visibility location with 19,000 vehicle trips per day; Stop light access for easy entry and exit; Building configured as two separate auto repair shops
    (203) 798-9345
    We can help!
    Listing Contact
    Chris Cosio
    Chris Cosio
    Real Estate License ID: CT 0806068
    Learn More
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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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