Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    15 Old Park Ln Rd New Milford, CT 06776-2530

    • Showrooms
    • 13,708 SF
    • 2.67 lot acres
    OFF-MARKET
    Value Estimation
    $815,000
    Last Sale
    Jul 28, 2023
    $770,000
    Location Intelligence
    Property ID
    US15-0415610
    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.

    Current Use by Public Records

    • Rahmati Iraj MD / Ophthalmologist
    • Fortitude Center / Mental Health Service
    • Alicia Zalka / Dermatologist
    • Lynch David M DDS / Dentist
    • Iraj Cyrus Rahmati / Ophthalmologist

    Property Details for 15 Old Park Ln Rd

    Year built
    1965
    Construction
    STEEL FRAME
    Lot size
    2.67 lot acres
    Property size
    13,708 SF
    Zone code
    B1
    Property type
    Showrooms
    APN
    NMIL M:43-3 L:22
    APU
    NMILM433L22

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $840,000

    • CAP approach

      CAP return
      Estimation
      6%
      $845,000
      6.5%
      $745,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $700,000
      Geo Method
      $870,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $585,000
      Retail
      $765,000
      Mixed-Use
      $615,000
      Hospitality
      $595,000
      Educational
      $640,000
      Residential Income
      $760,000
      Energy
      $750,000
      Income-Based Land
      $640,000
      Food Service
      $770,000

    Location Insight

    • Map
    • Local Demand
    City
    New Milford
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.405
    Latitude
    41.5989
    CBSA code
    45860
    CBSA name
    TORRINGTON, CT MICROPOLITAN 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
    $22,269
    $155,630
    $612,780
    $768,410
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      43,828 SF

      19 Poplar St

      SHOW ROOM, WAREHOUSE • 43,828 SF
      19 Poplar St, New Milford, CT 06776-2901
      View Details
    • Value Estimation by Request
      611 SF

      56 Railroad St

      SHOW ROOM, WAREHOUSE • 611 SF
      56 Railroad St, New Milford, CT 06776-2718
      View Details
    • Value Estimation
      $495,000
      3,360 SF

      116 Housatonic Ave

      SHOW ROOM, WAREHOUSE • 3,360 SF
      116 Housatonic Ave, New Milford, CT 06776-2744
      View Details
    • Value Estimation
      $535,000
      1,627 SF

      373 Litchfield Rd

      SHOW ROOM, WAREHOUSE • 1,627 SF
      373 Litchfield Rd, New Milford, CT 06776-2005
      View Details
    • Value Estimation
      $355,000
      2,744 SF

      17 Main St

      SHOW ROOM, WAREHOUSE • 2,744 SF
      17 Main St, New Milford, CT 06776-6504
      View Details
    • Value Estimation
      $160,000
      2,435 SF

      57 Park Ln Rd

      SHOW ROOM, WAREHOUSE • 2,435 SF
      57 Park Ln Rd, New Milford, CT 06776-2374
      View Details

    Similar Nearby for Sale

    • $2,250,000
      13,000 SF

      Prime New Milford Retail Center

      High-traffic retail space, two buildings.
      5 Danbury Rd, New Milford, CT 06776
      View Details
    • $2,865,000
      21,150 SF

      New Milford Investment Opportunity

      Prime investment property on the historic New Milford Green.
      43 Main St, New Milford, CT 06776
      View Details
    • $1,100,000
      4,976 SF

      Village Center Industrial-Style Building

      Industrial-style building in Village Center district, multiple uses allowed.
      96 Railroad St, New Milford, CT 06776
      View Details
    • $325,000
      1,297 SF

      Turnkey Office and Retail Space

      Commercial property suitable for office, retail, or studio use.
      74 Park Lane Rd, New Milford, CT 06776
      View Details
    • $350,000
      1.10 Acres

      Prime New Milford Shopping Center Site

      1.1-Acre Development Opportunity in CT
      5 Danbury Rd, New Milford, CT 06776
      View Details
    • $185,000
      1,600 SF

      Established Restaurant Business For Sale

      Profitable breakfast and lunch restaurant with long-term lease and equipment.
      14 Railroad St, New Milford, CT 06776
      View Details

    Similar Nearby for Lease

    • $264 SF/Yr
      26,103 SF

      Prime New Milford Retail Space

      6,000 SF Showroom/Retail Lease
      507 Danbury Rd, New Milford, CT 06776
      View Details
    • $20 SF/Yr
      1,818 SF

      Renovated Retail Building For Lease

      Highly visible, renovated retail space in New Milford, Connecticut.
      7 Kent Rd, New Milford, CT 06776
      View Details
    • Contact for pricing
      1,822 SF

      Retail Space in Dominant Center

      Retail space for lease in Litchfield County shopping center.
      169 Danbury Rd, New Milford, CT 06776
      View Details
    • Contact for pricing
      494 SF

      Retail and Office Space Available

      Retail and office spaces with high traffic and ample parking.
      1 Executive Center Dr, New Milford, CT 06776
      View Details
    • $2,650 /Mo

      Retail Space Available For Rent

      Retail space available for lease in New Milford, Connecticut.
      16 East St, New Milford, CT 06776
      View Details
    • $17 SF/Yr
      5,750 SF

      New Milford Retail Spaces for Lease

      Prime Route 7 Retail Opportunity
      48 Kent Rd, New Milford, CT 06776
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Old Park Ln Rd
    New Milford, CT 06776-2530
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.