Property profile

121 Mt Pleasant Rd Newtown, CT 06470

OFF-MARKET
Office buildings
Property ID
US15-0568120
3,818 SF 1.61 ac lot Built 1931
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1931
Construction FRAME
Total area 3,818 SF
Lot 1.61 ac (70,132 SF)
Zoning code B-2
APN NEWT M:6 B:7 L:6
UPID US15-0568120

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
  • Physician
  • Counselor Doctor
  • Holding Company
  • Social Service Agency Community Center
  • Hardware & Home Improvement

Location

121 Mt Pleasant Rd Newtown, CT 06470-1537
Newtown metro Census 230300 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
$622k
Blend (final) Blend
$560k

Owner & transaction history

since 2022
Last sale
$550,000
6 recorded transactions
2022
$550,000
1997
Price N/A
1996
$200,000
1994
$89,500
1987
$270,000
1987
Price N/A

Zoning & alternative use

B-2 · Newtown, CT
General category COMMERCIAL
Top alternative use upside
Auto repair, garage $890,000 +33.9%
Commercial (general) $890,000 +33.5%
Retail stores $710,000 +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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