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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
2 Ter Pl Danbury, CT 06810-6631
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US15-0142422
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
3,654 SF
Lot
0.25 ac (10,890 SF)
Zoning code
RH3
APN
DANB M:I14 L:42
UPID
US15-0142422
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
-
Setaro Law Firm Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$540k
Owner & transaction history
2 Terrace Place LLC · 10 yrs held
2 Terrace Place LLC
since 2016
4 recorded transactions
Zoning & alternative use
RH3 · Danbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$855,000
+77.2%
Retail stores
$680,000
+41.0%
Commercial (general)
$535,000
+10.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$480,000
Current use
AUTO REPAIR, GARAGE
$855,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$680,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$535,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$148 / 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
$9,248
Tax year 2023
Assessed value
$396,410
Assessed 2023
Previous assessed
$396,410
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$151,130
Assessed improvement
$245,280
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
10
Bathrooms
2
Total area
3,654 SF
Lot
0.25 ac (10,890 SF)
Zoning code
RH3
APN
DANB M:I14 L:42
UPID
US15-0142422
Jurisdiction
DANBURY
Zoning & alternative use
RH3 · Danbury, CT
Zoning RH3 · permitted uses
RH3 · 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
OFFICE BUILDING Current
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$855,000
RETAIL STORES
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$535,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1900
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
10
Bathrooms
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
2 Terrace Place LLC
Entity
Mailing address
2 TER PL, DANBURY, CT 06810-6631
Ownership since
2016
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
Apr 20, 2016
$380,000
2 Terrace Place LLC
Lewis,justion
Warranty Deed
$281,250 · Savings Bk/danbury
Mar 14, 2016
$380,000
2 Terrace Place LLC
Lewis,justin
Executors Deed
$281,250 · Savings Bk/danbury
Nov 3, 2015
—
Dean L Lew
American Natl Red Cross
Quit Claim Deed
related
—
Jun 1, 2009
$240,000
Dean L Lewis Law Off LLC
American Natl Red Cross
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.
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