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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Office buildings
248 Main St Danbury, CT 06810-3619
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0346772
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1882
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,231 SF
Lot
0.08 ac (3,485 SF)
Zoning code
CLCB
APN
DANB M:I14 L:165
UPID
US15-0346772
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
-
Danbury Land Surveying LLC Land Surveyor Professional Services
-
Impulse Media Inc. Marketing & Advertising Advertising Agency
-
LVA School Language School
-
seventy2architects Architect Architectural Designer
-
Benjamin V Doto III PC Civil Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$515k
Blend (final)
Blend
$775k
Owner & transaction history
210 Main Street LLC · 2 yrs held
210 Main Street LLC
since 2023
Last sale
$779,000
3 recorded transactions
Zoning & alternative use
CLCB · Danbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$990,000
+77.2%
Retail stores
$785,000
+41.0%
Commercial (general)
$620,000
+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
$735,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$560,000
Current use
AUTO REPAIR, GARAGE
$990,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$785,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$620,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $779k (Sep 6 2023)
Last sale anchor
$779k
Sep 6 2023
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
$183 / 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
$6,232
Tax year 2023
Assessed value
$267,120
Assessed 2023
Previous assessed
$267,120
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$94,430
Assessed improvement
$172,690
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
1882
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
2
Total area
4,231 SF
Lot
0.08 ac (3,485 SF)
Zoning code
CLCB
APN
DANB M:I14 L:165
UPID
US15-0346772
Jurisdiction
DANBURY
Zoning & alternative use
CLCB · Danbury, CT
Zoning CLCB · permitted uses
CLCB · 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
$560,000
AUTO REPAIR, GARAGE
Est. value
$990,000
RETAIL STORES
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$620,000
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
1882
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
210 Main Street LLC
Entity
Mailing address
248 MAIN ST, DANBURY, CT 06810-3619
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2023
$779,000
210 Main Street LLC
Brownstone Mgmt LLC
Warranty Deed
$427,500 · Hudson Valley FCU
Dec 21, 2006
$710,000
Brownstone Mgmt LLC
Rose & Kiernan INC
Warranty Deed
$568,000 · Webster Bank
Jun 5, 2006
$1
Danbury City Of
Steinberg,robert M
Grant Deed
related
—
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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