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    Property profile & analytics

    224 Main St Newtown, CT 06470-6700

    • Retail properties
    • 6,000 SF
    • 1.73 lot acres
    OFF-MARKET
    Value Estimation
    $1,175,000
    Last Sale
    Apr 10, 2024
    $1,200,000
    Location Intelligence
    Property ID
    US15-0866089
    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

    • Taylored Hair / Hair Salon
    • Happy Dog Pet Salon LLC / Pet Groomer
    • Extension Artist and Master Colorist / Hair Extension Technician
    • Rise Extensions / Hair Extension Technician
    • qiao massage spa / Massage Spa / Massage Therapist

    Property Details for 224 Main St

    Year built
    2006
    Construction
    FRAME
    Lot size
    1.73 lot acres
    Property size
    6,000 SF
    Zone code
    B-1
    Property type
    Retail properties
    APN
    NEWT M:36 B:14 L:7
    APU
    NEWTM36B14L7

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,230,000
      6.5%
      $1,210,000
      7%
      $1,050,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,030,000
      Geo Method
      $1,240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,130,000
      Retail
      $930,000
      Mixed-Use
      $1,200,000
      Hospitality
      $1,190,000
      Educational
      $915,000
      Residential Income
      $990,000
      Energy
      $945,000
      Income-Based Land
      $1,085,000
      Food Service
      $1,150,000

    Location Insight

    • Map
    • Local Demand
    City
    Newtown
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.274
    Latitude
    41.3756
    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
    $14,107
    $242,380
    $295,230
    $537,610
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $870,000
      7,836 SF

      57 Dodgingtown Rd

      DEPARTMENT STORE • 7,836 SF
      57 Dodgingtown Rd, Newtown, CT 06470-1876
      View Details
    • Value Estimation
      $570,000
      12,910 SF

      71 Main St

      DEPARTMENT STORE • 12,910 SF
      71 Main St, Newtown, CT 06470-2377
      View Details
    • Value Estimation
      $420,000
      8,812 SF

      20 Church Hl Rd

      DEPARTMENT STORE • 8,812 SF
      20 Church Hl Rd, Newtown, CT 06470-1657
      View Details
    • Value Estimation
      $415,000
      7,120 SF

      39 Main St

      DEPARTMENT STORE • 7,120 SF
      39 Main St, Newtown, CT 06470-2141
      View Details
    • Value Estimation by Request
      12,496 SF

      259 Main St

      DEPARTMENT STORE • 12,496 SF
      259 Main St, Newtown, CT 06470-2799
      View Details
    • Value Estimation by Request
      7,425 SF

      23 Barnabas Rd

      DEPARTMENT STORE • 7,425 SF
      23 Barnabas Rd, Newtown, CT 06470-1268
      View Details

    Similar Nearby for Sale

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      1.13 acre commercial land suitable for medical or retail use.
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      000 cars and is close to shopping centers
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    Similar Nearby for Lease

    • $9 SF/Yr
      11,400 SF

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      Versatile Retail/Industrial Space Available
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      View Details
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      Restaurant space with full bar, seating for 65 guests.
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      View Details
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      9,800 SF industrial space with office and warehouse areas.
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    • $22 SF/Yr
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      Retail Space with Modern Interiors

      Well-maintained retail space featuring modern interiors and ample parking.
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      View Details
    • Contact for pricing
      163,545 SF

      Sand Hill Plaza: Newtown Retail Center

      Prime Newtown retail space, multiple units available.
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      View Details
    • $9 SF/Yr
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      Retail Space with Modern Amenities

      Versatile retail space with ample parking and natural light.
      97 S Main St, Newtown, CT 06470
      View Details
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    224 Main St
    Newtown, CT 06470-6700
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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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