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Property profile & analytics
FOR LEASE
Manufacturing properties
2 Great Pasture Rd, Danbury, CT 06810
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0130495
For Lease
1 / 2
$9,125,000
2 Great Pasture Rd, Danbury, CT 06810
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1955
Construction
CONCRETE
Total area
114,408 SF
Lot
15.57 ac (678,229 SF)
Zoning code
IL40
APN
DANB M:K15 L:109
UPID
US15-0130495
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
-
Allied Building Products Building Supply Industrial Manufacturer
-
Opportunity Buying, Inc. Big Box & Wholesale Store
-
Beacon Building Products Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.07M
Blend (final)
Blend
$9.13M
Owner & transaction history
2 Gpr Owner LP · 4 yrs held
2 Gpr Owner LP
since 2022
Last sale
$8.9M
7 recorded transactions
Zoning & alternative use
IL40 · Danbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.1M
+31.6%
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 Danbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danbury 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
$10,135,000
ML approach
$9,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,465,000
Current use
OFFICE BUILDING
$15,085,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$9.13M
Range $8.21M – $10.04M · ±10% · vs last sale $8.90M (Dec 29 2021)
Last sale anchor
$8.90M
Dec 29 2021
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
$80 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$138,837
Tax year 2024
Assessed value
$5,680,710
Assessed 2024
Previous assessed
$5,680,710
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$1,741,530
Assessed improvement
$3,939,180
Applied tax rate
102.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1955
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
114,408 SF
Lot
15.57 ac (678,229 SF)
Zoning code
IL40
APN
DANB M:K15 L:109
UPID
US15-0130495
Jurisdiction
DANBURY
Zoning & alternative use
IL40 · Danbury, CT
Zoning IL40 · permitted uses
IL40 · Danbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Danbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.5M
OFFICE BUILDING
Est. value
$15.1M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
15.57 ac
Current owner
From public records · entity-resolved
2 Gpr Owner LP
Entity
Mailing address
75 HOLLY HL LN STE #303, GREENWICH, CT 06830-2911
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
—
2 Gpr Owner LP
—
Deed
related
$28,796,000 · Wf Sim Funding LP
Mar 1, 2022
$8,900,000
2 Gpr Owner LP
Sdb Holdings LLC
Warranty Deed
$260,000 · Readycap Com LLC
Dec 29, 2021
—
Sdb Holdings LLC
2 Great Pasture Rd Assoc
Warranty Deed
—
Sep 21, 2009
$5,600,000
Bk Berkshire
2 Great Pasture Road LLC
Grant Deed
—
Mar 15, 2007
—
2 Great Pasture Assoc LLC
—
Deed Of Trust
related
$7,500,000 · New York Mortgage Co LLC
May 29, 2002
—
Sapphire Dev LLC
—
Deed Of Trust
related
$475,000 · Worth Funding INC
Feb 13, 2001
—
Sarphire Dev LLC
—
Deed Of Trust
related
$335,000 · Philip Blumenfeld
Aug 10, 2000
$1,650,000
Sapphire Dev LLC
American Natl Can Co
Warranty Deed
$3,772,500 · Wmc Mortgage Corp
May 11, 1999
$250,000
American Natl Care
Danbury River Prop
Warranty Deed
—
Aug 30, 1991
$188,805
American Natl Car Co
Norton,philip
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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