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Property profile & analytics
FOR LEASE
Showrooms
15 Old Park Lane Rd 2C, New Milford, CT 06776
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0415610
For Lease
1 / 40
$15 SF/Yr
15 Old Park Lane Rd,Unit 2C, New Milford, CT 06776
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1965
Construction
STEEL FRAME
Total area
13,708 SF
Lot
2.67 ac (116,305 SF)
Zoning code
B1
APN
NMIL M:43-3 L:22
UPID
US15-0415610
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rahmati Iraj MD Ophthalmologist
-
Fortitude Center Crisis Center Medical Clinic
-
Alicia Zalka Physician Medical Clinic
-
Lynch David M DDS Dental Office
-
Iraj Cyrus Rahmati Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$810k
Owner & transaction history
Glenlou LLC · 2 yrs held
Glenlou LLC
since 2023
Last sale
$770,000
4 recorded transactions
Zoning & alternative use
B1 · New Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Milford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$840,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $770k (Jul 28 2023)
Last sale anchor
$770k
Jul 28 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$59 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,269
Tax year 2023
Assessed value
$768,410
Assessed 2023
Previous assessed
$768,410
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$155,630
Assessed improvement
$612,780
Applied tax rate
222.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
6
Bathrooms
2
Total area
13,708 SF
Lot
2.67 ac (116,305 SF)
Zoning code
B1
APN
NMIL M:43-3 L:22
UPID
US15-0415610
Jurisdiction
NEW MILFORD
Zoning & alternative use
B1 · New Milford, CT
Zoning B1 · permitted uses
B1 · New Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Milford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
6
Bathrooms
2
Lot
2.67 ac
Current owner
From public records · entity-resolved
Glenlou LLC
Entity
Mailing address
15 OLD PARK LN RD, NEW MILFORD, CT 06776-2530
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2023
$770,000
Glenlou LLC
New Milford Medical Bldg
Warranty Deed
—
Apr 3, 2006
—
Nmil Medical Grp Prop LLC
—
Deed Of Trust
related
$884,000 · Ct Comunity Inv
Oct 28, 1993
—
David M Lynch
—
Deed Of Trust
related
$50,000 · Nmbt
Feb 5, 1993
$9,000
Lacey A Pet
Bull,peter T
Warranty Deed
related
$482,500 · Nmbt
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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