Property profile

11 Commerce Rd Newtown, CT 06470

OFF-MARKET
Office buildings
Property ID
US15-0361177
28,586 SF 2 ac lot Built 1991
Individually Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1991
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 28,586 SF
Lot 2 ac (87,120 SF)
Zoning code M-5
APN NEWT M:38 B:1 L:6 U:2A
UPID US15-0361177

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Television Studio Media Distribution

Location

11 Commerce Rd Newtown, CT 06470-1607
Newtown metro Census 230100 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.80M
Blend (final) Blend
$3.73M

Owner & transaction history

since 2015
6 recorded transactions
2015
Price N/A
1996
$1.9M
1995
$2.7M
1992
$3.0M
1991
$1.7M
1990
$400,000

Zoning & alternative use

M-5 · Newtown, CT
General category INDUSTRIAL
Top alternative use upside
Retail stores $5.3M +6.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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