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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    164 Danbury Rd New Milford, CT 06776-7313

    • Commercial real estate
    • 227,659 SF
    • 21.89 lot acres
    OFF-MARKET
    Value Estimations
    $22,635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0117253
    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

    • Walmart Pharmacy / Parapharmacy / Vitamin & Supplements Store
    • Club 24 Concept Gyms / Gym & Fitness Center
    • Gas Station - Stop and Shop / Gas Station
    • Walmart Connection Center / Mobile Phone Store / Electronics & Wireless Store
    • New Milford Wine & Spirits / Specialty Food Shop / Wine and Liquor Store

    Property Details for 164 Danbury Rd

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    21.89 lot acres
    Property size
    227,659 SF
    Zone code
    I
    Property type
    Commercial real estate
    APN
    NMIL M:18-1 L:29
    APU
    NMILM181L29

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $23,849,000
      Market price range: $22.2M - $43.0M
      AI Estimate
      $21,416,000
      Market price range: $13.5M - $42.1M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $32,455,000
      Current use
      RESTAURANT
      $29,785,000
      Change: -8% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $28,325,000
      Change: -13% Conversion: Moderate
      OFFICE BUILDING
      $26,465,000
      Change: -18% Conversion: Easy
      RETAIL STORES
      $25,995,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    New Milford
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.4201
    Latitude
    41.5513
    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
    $446,323
    $4,563,800
    $10,837,260
    $15,401,060
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,260,000
      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 by Request
      3,360 SF

      116 Housatonic Ave

      SHOW ROOM, WAREHOUSE • 3,360 SF
      116 Housatonic Ave, New Milford, CT 06776-2744
      View Details
    • Value Estimation
      $520,000
      1,627 SF

      373 Litchfield Rd

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

      17 Main St

      SHOW ROOM, WAREHOUSE • 2,744 SF
      17 Main St, New Milford, CT 06776-6504
      View Details
    • Value Estimation by Request
      1.54 Acres

      35 Park Ln Rd

      COMMERCIAL (GENERAL) • 1.54 Acres
      35 Park Ln Rd, New Milford, CT 06776-2937
      View Details

    Similar Nearby for Sale

    • $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
    • $485,000

      New Milford Specialty Property

      Specialty property available for sale in New Milford, Connecticut.
      52 Squire Hill Rd, New Milford, CT 06776
      View Details
    • $875,000

      New Milford Specialty Property

      Specialty property available for sale in New Milford, CT.
      85 Weathervane Dr, New Milford, CT 06776
      View Details
    • $525,000

      Specialty Property in New Milford

      Specialty property available for sale in New Milford, Connecticut.
      326 Litchfield Rd, New Milford, CT 06776
      View Details
    • $3,500,000

      New Milford Specialty Property

      Specialty property available for sale in New Milford, Connecticut.
      217 Sawyer Hill Rd, New Milford, CT 06776
      View Details
    • $649,999

      Multifamily Property in New Milford

      Multifamily property for sale in New Milford, Connecticut.
      173 Wellsville Ave, 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
    • 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
    • $1,700 /Mo

      New Milford Apartment For Rent

      Two-bedroom apartment near downtown New Milford with included amenities.
      156 Wellsville Ave, New Milford, CT 06776
      View Details
    • $1,495 /Mo

      Cozy Apartment with Heat Included

      Charming 2-room apartment with heat included and parking.
      227 Danbury Rd, New Milford, CT 06776
      View Details
    • $475 /Mo
      343 SF

      New Milford Office Space Available

      Office space for rent in a convenient New Milford location.
      219 Kent Rd, New Milford, CT 06776
      View Details
    • $1,800 /Mo

      Residential Income Property For Rent

      Multifamily property available for rent in New Milford, CT.
      28 West St, 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.
    164 Danbury Rd
    New Milford, CT 06776-7313
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.