Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20 Ww Ln Ridgefield, CT 06877-4914
    Back to Search
    Property profile & analytics

    20 Ww Ln, Ridgefield, CT 06877-4914

    View on Map
    • Turn key restaurants
    • 7,467 SF
    • 1.93 lot acres
    Off-Market
    Last Sale Jan 11, 2023
    Property ID
    US15-0242882
    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.
    Value Estimations
    $895,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Benjamin - Ridgefield / Grocery & Convenience Store / Food Market
    • Abacus Business Solutions / Accounting Firm

    Property Details for 20 Ww Ln

    Year built
    1875
    Lot size
    1.93 lot acres
    Zone code
    RA
    Property type
    Turn key restaurants
    APN
    RIDG M:E16 B:0060
    APU
    RIDGME16B0060

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 11, 2023 — Lumber Prop Mgmt Grp LLC G J M P Enterprises LLC Warranty Deed $2.2M · John O Forlivio
    Oct 9, 2008 — Gjmp Enterprises LLC — Deed Of Trust · related $100k · Ffld County Bank Corp
    Feb 27, 2003 $1,650,000 Gjmp Ent Pieger,hleney H Warranty Deed $1.1M · Ridgefield Bank
    Feb 27, 2003 — Gjmp Enterprises — Deed Of Trust · related $800k · Henry A Pieger
    Apr 21, 1998 $1,600,000 Prieger,henry H Tr Brugger,johannas Warranty Deed —
    May 14, 1993 $1,086,875 Johannes Brugger Prieger,henry Warranty Deed $550k · Ridgefield Bank
    May 14, 1993 — Johannes Brugger — Deed Of Trust · related $1.3M · Zenon Grzybowski
    Apr 26, 1991 — Henry Prieger — Deed Of Trust · related $50k · Ridgefield Bank
    Aug 7, 1990 — Henry Prieger — Deed Of Trust · related $100k · Ridgefield Bank
    Jan 22, 1988 — Henry Prieger — Deed Of Trust · related $400k · Ridgefield Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $812,000
      Market price range: $605k - $1.63M

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgefield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4991
    Latitude
    41.2726
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN 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
    $40,593
    $652,050
    $920,710
    $1,572,760
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,210,000
      18,753 SF

      439 Silver Spg Rd

      RESTAURANT
      439 Silver Spg Rd, Ridgefield, CT 06877-5412
      View Details
    • Value Estimation by Request
      3,962 SF

      1 Grv St

      RESTAURANT
      1 Grv St, Ridgefield, CT 06877
      View Details
    • Value Estimation
      $5,100,000
      4,948 SF

      1 Big Shop Ln

      RESTAURANT
      1 Big Shop Ln, Ridgefield, CT 06877-4507
      View Details
    • Value Estimation by Request
      1,698 SF

      632 Danbury Rd

      RESTAURANT
      632 Danbury Rd, Ridgefield, CT 06877-2719
      View Details
    • Value Estimation by Request
      4,926 SF

      37 Ethan Allen Hwy

      RESTAURANT
      37 Ethan Allen Hwy, Ridgefield, CT 06877-6247
      View Details
    • Value Estimation
      $675,000
      4,080 SF

      896 Ethan Allen Hwy

      RESTAURANT
      896 Ethan Allen Hwy, Ridgefield, CT 06877-2825
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Mixed-Use Property on Danbury Road

      Mixed-use property with retail and residential units in prime location.
      12 Danbury Rd, Ridgefield, CT 06877
      View Details
    • $1,250,000
      2,344 SF

      Mixed-Use Property on Danbury Road

      Mixed-use property with residential and retail spaces on Danbury Road.
      12 Danbury Rd, Ridgefield, CT 06877
      View Details
    • $1,250,000
      2,344 SF

      Mixed-Use Property on Danbury Road

      Mixed-use property with residential and retail components in prime location.
      12 Danbury Rd, Ridgefield, CT 06877
      View Details
    • $410,200
      2,344 SF

      Downtown Ridgefield Executive Office Space

      Executive office space in downtown Ridgefield with walkable access.
      90 Grv St #Ste, Ridgefield, CT 06877
      View Details
    • $289,400
      1,447 SF

      Downtown Ridgefield Office Space

      Professional office space in downtown Ridgefield with shared amenities.
      90 Grove St, Ridgefield, CT 06877
      View Details
    • $2,700,000

      High-Quality Office Building For Sale

      Professional office building in desirable Fairfield County market.
      650 Danbury Rd, Ridgefield, CT 06877
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      2,315 SF

      Renovated Victorian Retail/Office Multi-Unit

      Renovated Victorian retail/office space near Ridgefield's Main Street.
      27 1St Ln, Ridgefield, CT 06877
      View Details
    • $6,000 /Mo

      Renovated Victorian Retail/Office Multi-Unit

      Renovated Victorian retail/office space near Ridgefield's Main Street.
      27 1St Ln, Ridgefield, CT 06877
      View Details
    • $3,000 /Mo
      1,200 SF

      Renovated Victorian Retail/Office Unit

      First floor unit near Main Street with parking and accessibility.
      27 Catoonah St, Ridgefield, CT 06877
      View Details
    • $700 /Mo
      150 SF

      Multi-Use Office Space For Rent

      Office space suitable for retail or beauty services.
      38A Grove St, Ridgefield, CT 06877
      View Details
    • Contact for pricing

      Historic Ridgefield Commercial Space Available

      Recently renovated office/retail space in vibrant downtown Ridgefield.
      440 Main St, Ridgefield, CT 06877
      View Details
    • $3,000 /Mo
      1,100 SF

      Renovated Victorian Retail/Office Space

      Renovated Victorian retail/office space in Ridgefield's Central Business District.
      27 Catoonah St, Ridgefield, CT 06877
      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.
    20 Ww Ln
    Ridgefield, CT 06877-4914
    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

    Thank You for Inquiry
    20 Ww Ln, Ridgefield, CT, 06877
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!