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    Property profile & analytics
    OFF-MARKET Estimated value $3,680,000
    Office buildings

    108 Ml Pln Rd, Danbury, CT 06811-1501

    22,065 SF 1.09 ac lot Built 1982
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US15-0847132
    Property summary
    AI-generated overview

    This exceptional 2,485 square foot creative office space, located at 108 Mill Plain Road in Danbury, Connecticut, presents a unique opportunity for businesses seeking a high-visibility location. Built in 1982 and zoned CA80 in Fairfield County, this property boasts ample parking, a double drive-through, and excellent exposure, making it highly attractive to a variety of tenants. The building features gas heat and central air conditioning, along with city water, sewer, and gas utilities. An elevator services the second floor, which includes large private offices with beautiful windows, an open work area, a kitchenette, a conference room, and an IT room. The property's former use as a Wells Fargo bank branch provides a strong foundation for a variety of businesses, including but not limited to, medical practices, physical therapy clinics, or other professional retail establishments. Its strategic location on Danbury's bustling West Side places it in close proximity to numerous national retailers such as Trader Joe's, Starbucks, DSW, Caraluzzi's, Dunkin' Donuts, and Chipotle, ensuring high foot traffic and brand visibility. The immediate access to Interstates 84 and 684 provides unparalleled convenience for employees and clients alike. The entire 2,485 square feet is currently vacant and ready for immediate occupancy.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1982
    Construction STEEL FRAME
    Total area 22,065 SF
    Lot 1.09 ac (47,480 SF)
    Zoning code CA80
    APN DANB M:C14 L:50
    UPID US15-0847132
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Appliance Repair Pros of Danbury Home Appliance Store
    • Smart Law Group, P.C. Law Firm
    • Securitas Security Services USA Security Service
    • Perosphere Technologies Inc Research Institute
    • Greater Danbury Bar Association Association / Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.73M
    Blend (final) Blend
    $3.68M
    Owner & transaction history
    108 Mill Plain Road LLC · 7 yrs held
    108 Mill Plain Road LLC
    since 2018
    7 recorded transactions
    2021
    2018
    $3.3M
    2015
    2014
    $3.1M
    2009
    $3.1M
    2008
    $3.1M
    1992
    $1.3M
    Zoning & alternative use
    CA80 · Danbury, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $5.7M +97.0%
    Auto repair, garage $5.2M +79.2%
    Apartment house (5+ units) $4.2M +47.3%
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