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    Property profile & analytics

    18 Park Ln Rd New Milford, CT 06776-2908

    • Investment properties
    • 1.05 lot acres
    OFF-MARKET
    Value Estimation
    $335,000
    Last Sale
    Oct 25, 2022
    Location Intelligence
    Property ID
    US15-0895076
    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

    • Investment properties

    Property Details for 18 Park Ln Rd

    Lot size
    1.05 lot acres
    Zone code
    B1/R40
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NMIL M:43-1 L:22
    APU
    NMILM431L22

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Milford
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.4053
    Latitude
    41.5908
    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
    $7,225
    $50,430
    $198,870
    $249,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $325,000
      1,099 SF

      8 Valmar Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,099 SF
      8 Valmar Dr, New Milford, CT 06776-4387
      View Details
    • Value Estimation
      $495,000
      1,239 SF

      93 Danbury Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,239 SF
      93 Danbury Rd, New Milford, CT 06776-3413
      View Details
    • Value Estimation
      $415,000
      1,904 SF

      561 Danbury Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,904 SF
      561 Danbury Rd, New Milford, CT 06776-4304
      View Details
    • Value Estimation
      $220,000
      1,169 SF

      13 Housatonic Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,169 SF
      13 Housatonic Ave, New Milford, CT 06776-2711
      View Details
    • Value Estimation
      $430,000
      2,988 SF

      343 Litchfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,988 SF
      343 Litchfield Rd, New Milford, CT 06776-2002
      View Details
    • Value Estimation
      $300,000
      0.49 Acres

      25 Old State Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.49 Acres
      25 Old State Rd, New Milford, CT 06776-4382
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $17 SF/Yr
      5,750 SF

      New Milford Retail Spaces for Lease

      Prime Route 7 Retail Opportunity
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      View Details
    • Contact for pricing
      14,000 SF

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    • $20 SF/Yr
      1,818 SF

      Renovated Retail Building For Lease

      Highly visible, renovated retail space in New Milford, Connecticut.
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    • $1,850 /Mo

      Apartment with Utilities Included

      One-bedroom apartment near town with utilities included and in-unit laundry.
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    • $550 /Mo

      Well-Maintained Office Building on Route 202

      Nicely appointed office building with shared amenities available for rent.
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      View Details
    • $7,350 /Mo

      Prime Retail/Office Space Available

      3,400+- SF retail/office space on Route 7, New Milford.
      46 Danbury Rd, New Milford, CT 06776
      View Details
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    18 Park Ln Rd
    New Milford, CT 06776-2908
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    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
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