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    Property profile & analytics

    246 Federal Rd Unit Brookfield, CT 06804

    • Commercial real estate
    • 2,765 SF
    For Sale
    View listing
    $331,800
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cas Photo Studio & Camera Shop / Photography Service / (Bike/Boat/Book/etc) Store
    • Robert Sherwood Landscape architect / Landscaping / (Bike/Boat/Book/etc) Store
    • Residential Mortgage Services, Inc. / Loan Service / Bank
    • Joseph S. Paravati, DC / Alternative Medicine Practice
    • Paravati Chiropractic Center / Alternative Medicine Practice

    Property Details for 246 Federal Rd Unit

    Year built
    1986
    Property size
    2,765 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2,765 square foot commercial condominium is situated in the desirable Brookfield Commons, conveniently located on Route 7 just north of Costco. The unit, identified as 246 Federal Road Unit STE B21, Brookfield, CT, offers a versatile layout perfect for a variety of businesses. The space boasts several private offices, providing ample room for individual work or team collaboration. A dedicated conference room facilitates meetings and presentations, while a well-equipped copy room ensures efficient document management. A large open bullpen area offers flexibility for various work styles and team configurations. The unit also includes an updated kitchenette, perfect for employee breaks or informal gatherings, and two recently renovated bathrooms. The property is ideal for a range of uses, including office space, medical practices, retail businesses, laboratories, beauty spas, or fitness centers. The asking price is $331,800. Additionally, the property is available for lease at a rate of $10 per square foot, Net, Net, Net (NNN), plus or minus $5 per square foot. This prime location and versatile space present a unique opportunity for businesses seeking a well-appointed and conveniently located commercial property in Brookfield, Connecticut. The property is located in a high-traffic area with excellent visibility and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4049
    Latitude
    41.4454

    Comparable in this City

    • Value Estimation by Request
      1.92 Acres

      506 Candlewood Lk Rd

      COMMERCIAL (GENERAL) • 1.92 Acres
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    • Value Estimation by Request
      12.42 Acres

      143 Federal Rd

      COMMERCIAL (GENERAL) • 12.42 Acres
      143 Federal Rd, Brookfield, CT 06804-2530
      View Details
    • Value Estimation
      $1,245,000
      9,080 SF

      227 Candlewood Lk Rd

      SHOW ROOM, WAREHOUSE • 9,080 SF
      227 Candlewood Lk Rd, Brookfield, CT 06804-1728
      View Details
    • Value Estimation
      $730,000
      6,618 SF

      204 Candlewood Lk Rd

      SHOW ROOM, WAREHOUSE • 6,618 SF
      204 Candlewood Lk Rd, Brookfield, CT 06804-1726
      View Details
    • Value Estimation
      $2,605,000
      33,867 SF

      227 Federal Rd

      SHOW ROOM, WAREHOUSE • 33,867 SF
      227 Federal Rd, Brookfield, CT 06804-2637
      View Details
    • Value Estimation
      $2,210,000
      60,042 SF

      731 Federal Rd

      SHOW ROOM, WAREHOUSE • 60,042 SF
      731 Federal Rd, Brookfield, CT 06804-2051
      View Details

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    Similar Nearby for Lease

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    246 Federal Rd Unit
    Brookfield, CT 06804
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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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