Property profile

15 Commerce Rd Newtown, CT 06470

OFF-MARKET
Office buildings
Property ID
US15-0638954
24,430 SF 2.33 ac lot Built 1973
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Unit #3 is a 3,180 square foot industrial/flex space within a larger industrial property located at 15 Commerce Road in Newtown, Connecticut. The building is zoned M-5 and is positioned near Exit 10 on Interstate I-84, with access to regional highways and nearby retail and service uses. The unit includes a small finished office, shared restrooms, and access to one shared loading dock with a leveler; ceiling heights range from 14 to 15 feet. The space is supported by approximately 1,200 Amps of 110–208 volt 3-phase electrical service suitable for warehouse and delivery operations, and it is within a property that provides 55 on-site parking spaces and landscaped grounds.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 24,430 SF
Lot 2.33 ac (101,495 SF)
Zoning code M-5
APN NEWT M:38 B:1 L:8 U:4A
UPID US15-0638954

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
  • Chemical Plant Factory
  • HVAC Service General Contractor

Location

15 Commerce Rd Newtown, CT 06470-1633
Newtown metro Census 230100 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.44M
Blend (final) Blend
$2.25M

Owner & transaction history

since 2021
Last sale
$2.0M
5 recorded transactions
2024
Price N/A
2021
$2.0M
2006
$1.7M
2006
Price N/A
1969
Price N/A

Zoning & alternative use

M-5 · Newtown, CT
General category INDUSTRIAL

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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