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    115 Commerce Rd Brookfield, CT 06804-3400
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    Property profile & analytics

    115 Commerce Rd, Brookfield, CT 06804-3400

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    • Industrial properties
    • 15,580 SF
    • 2.18 lot acres
    Off-Market
    Property ID
    US15-1046454
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,405,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 115 Commerce Rd

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    2.18 lot acres
    Zone code
    I-1 HO
    Property type
    Industrial properties
    APN
    BROO M:E13 L:020
    APU
    BROOME13L020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 10, 2006 $1,700,000 Adf Rlty Brookfield Commerce Warranty Deed $850k · Bank Of America
    Jun 11, 1997 — Commerce Brookfield — Deed Of Trust · related $1.8M · Union Savings Bank Danbury
    Dec 19, 1996 $230,000 Commerce Brookfield Dinapoli,nicholas R Tr Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,590,000
      Market price range: $419k - $1.96M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,515,000
      Current use
      COMMERCIAL (GENERAL)
      $2,235,000
      Change: +48% Conversion: Difficult
      OFFICE BUILDING
      $2,000,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.3938
    Latitude
    41.4477
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $36,790
    $334,170
    $1,035,540
    $1,369,710
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      19,435 SF

      103 Junction Rd

      Distribution properties
      103 Junction Rd, Brookfield, CT 06804
      View Details
    • Value Estimation by Request
      10.07 Acres

      559 Federal Rd

      INDUSTRIAL (GENERAL)
      559 Federal Rd, Brookfield, CT 06804-2017
      View Details
    • Value Estimation by Request
      2,400 SF

      994 Federal Rd Ste, Unit 6

      CONDOMINIUMS (INDUSTRIAL)
      994 Federal Rd Ste, Brookfield, CT 06804-1139
      View Details
    • Value Estimation
      $1,360,000
      20,800 SF

      6 Fairfield Dr

      INDUSTRIAL (GENERAL)
      6 Fairfield Dr, Brookfield, CT 06804
      View Details
    • Value Estimation
      $1,395,000
      15,200 SF

      470 Federal Rd

      INDUSTRIAL (GENERAL)
      470 Federal Rd, Brookfield, CT 06804-4007
      View Details
    • Value Estimation
      $1,855,000
      33,592 SF

      70 Pocono Rd

      INDUSTRIAL (GENERAL)
      70 Pocono Rd, Brookfield, CT 06804-3303
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Industrial Condominium Building

      Four-unit industrial condo with flexible space and excellent visibility.
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      View Details
    • Contact for pricing
      20,248 SF

      Brookfield Flex-Industrial Space Available

      Flex-industrial space with office and warehouse components for sale.
      61 Commerce Rd, Brookfield, CT 06804
      View Details
    • Contact for pricing

      Industrial Land Near Transportation Hub

      4.85 acres ideal for industrial condos and parking.
      71 Pocono Rd, Brookfield, CT 06804
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Brookfield Flex/Industrial Space Available

      3,000-4,400 SF flex/industrial space for rent in Brookfield, CT.
      61 Commerce Rd, Brookfield, CT 06804
      View Details
    • $500 /Mo
      150 SF

      Updated Office Suites For Rent

      Modern, move-in ready office suites suitable for various professional uses.
      828 Federal Rd, Brookfield, CT 06804
      View Details
    • $2,100 /Mo
      1,200 SF

      Brookfield Office Space For Rent

      Office space available for lease in Brookfield, Connecticut.
      887 Federal Rd, Brookfield, CT 06804
      View Details
    • Contact for pricing

      First Floor Office Space Available

      Office space with private office, open area, shared amenities.
      604 Federal Rd, Brookfield, CT 06804
      View Details
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    115 Commerce Rd
    Brookfield, CT 06804-3400
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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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