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228 South Main St, Newtown, CT 06470
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Property summary
AI-generated overview
Sand Hill Plaza, located at 228 South Main St in Newtown, Connecticut (zip code 06470), presents a compelling retail investment opportunity. This established shopping center boasts a total of 163,545 square feet of retail space, offering exceptional flexibility for prospective tenants. Currently, there are 44,785 square feet of vacant space available, divisible into units ranging from a minimum of 1,710 square feet to a maximum contiguous space of 10,000 square feet. The property's multiple tenancy structure provides a diverse tenant mix, creating a vibrant and attractive shopping destination. Situated in Fairfield County, this location benefits from strong demographics and high visibility along South Main Street. The property is ideal for a variety of retail uses, offering significant potential for growth and return on investment. With its convenient location and ample space options, Sand Hill Plaza represents a rare opportunity to secure a prime retail presence in the thriving Newtown market. Interested parties are encouraged to inquire for further details and availability. The property's latitude and longitude coordinates are 41.3722707 and -73.2737797 respectively.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
167,124 SF
Lot
37.33 ac (1,626,095 SF)
Zoning code
M-1
APN
NEWT M:36 B:14 L:5-6
UPID
US15-0592735
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Clothing & Fashion Store
-
Nail Salon
-
Eye Care Center Contact Lenses Supplier
-
Spa & Massage Center Alternative Medicine Practice
-
(Bike/Boat/Book/etc) Store Wine and Liquor Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.56M
Owner & transaction history
since 2022
5 recorded transactions
Zoning & alternative use
M-1 · Newtown, CT
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.56M
Value range
$2.30M – $2.81M
±10% around blend
Estimated value / SF
$15 / SF
Confidence
Property data
100
Comparable evidence
60
$2.30M
blend $2.56M
$2.81M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
167,124 SF
Lot area
37.33 ac
Year built
1990
Stories
1
APN
NEWT M:36 B:14 L:5-6
Zoning
M-1
Assessed value
$14,852,790
Annual tax
$389,737
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.56M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$14.85M
Move the market yield to see immediate price impact.
Value / SF
$89
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$936k
$18.71M
$13.37M
$10.40M
$1.04M
$20.79M
$14.85M
$11.55M
$1.14M
$22.87M
$16.34M
$12.71M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$389,737
Tax year 2023
Assessed value
$14,852,790
Assessed 2023
Previous assessed
$15,732,280
-5.6% YoY
Effective rate
2.62%
On assessed value
Assessed land
$1,045,530
Assessed improvement
$13,807,260
Applied tax rate
106.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
22
Rooms
8
Bathrooms
3
Total area
167,124 SF
Lot
37.33 ac (1,626,095 SF)
Zoning code
M-1
APN
NEWT M:36 B:14 L:5-6
UPID
US15-0592735
Jurisdiction
NEWTOWN
Zoning & alternative use
M-1 · Newtown, CTZoning M-1 · permitted uses
M-1 · Newtown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
22
Rooms
8
Bathrooms
3
Lot
37.33 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
M-1
INDUSTRIAL
Jurisdiction
Newtown, CT
Recorded code
M-1
Official district
M-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-1 in Newtown, CT.
What opens after registration
Zoning profile
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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