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    266 Main St Newtown, CT 06470-6706
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    Property profile & analytics

    266 Main St, Newtown, CT 06470-6706

    View on Map
    • Commercial real estate
    • 7.52 lot acres
    Off-Market
    Property ID
    US15-0975769
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Club 24 Concept Gyms / Gym & Fitness Center
    • Extreme Fitness Martial Arts / Training Center / Sports School
    • Ye Nails / Nail Salon
    • Jewel Of Himalaya / Restaurant
    • PopUp Bagels / Bakery / Specialty Food Shop

    Property Details for 266 Main St

    Lot size
    7.52 lot acres
    Zone code
    M-1
    Property type
    Commercial real estate
    APN
    NEWT M:36 B:14 L:1
    APU
    NEWTM36B14L1

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 21, 2009 $1 266 South Main Street LLC Plaza South LLC Grant Deed · related —
    Jun 17, 2005 $1,350,000 Tp Prop LLC Close,shirley Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Newtown
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2722
    Latitude
    41.3687
    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
    $106,024
    $594,320
    $3,446,240
    $4,040,560
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      665 SF

      271 Main St

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    • Value Estimation
      $1,800,000
      20,042 SF

      2 Saw Ml Rd

      SHOW ROOM, WAREHOUSE
      2 Saw Ml Rd, Newtown, CT 06470-1440
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    • Value Estimation by Request
      3,600 SF

      1 Simm Ln

      SHOW ROOM, WAREHOUSE
      1 Simm Ln, Newtown, CT 06470-2307
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    • Value Estimation by Request
      1,166 SF

      87 Main St Ste, Unit 4

      COMMERCIAL CONDOMINUIM
      87 Main St Ste, Newtown, CT 06470-2315
      View Details
    • Value Estimation
      $3,290,000
      2.17 Acres

      14 Church Hl Rd

      COMMERCIAL (GENERAL)
      14 Church Hl Rd, Newtown, CT 06470-1640
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    • Value Estimation by Request
      1,498 SF

      1 Farrell Rd

      COMMERCIAL (GENERAL)
      1 Farrell Rd, Newtown, CT 06470-1206
      View Details

    Similar Nearby for Sale

    • $1,399,000
      665 SF

      which is now vacant land. While lot 263 contains a 665 Square foot single structure. The location benefits from an approximate daily traffic count of 16

      000 cars and is close to shopping centers
      271 Main St, Newtown, CT 06470
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    • $60,000
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      Newtown Office Suite - $60k

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    • $190,000

      Route 25 Frontage Development Site

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    • $279,900
      Pending

      Newtown Land Parcel For Sale

      Level 2-acre lot in Newtown, ideal for custom residence.
      44 Orchard Hill Rd, Newtown, CT 06470
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    • Contact for pricing
      73,332 SF

      Industrial Investment Opportunity in Newtown

      Premier industrial facility leased to a financially backed tenant.
      14 High Bridge Rd, Sandy Hook, CT 06470
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    Similar Nearby for Lease

    • Contact for pricing

      Retail and Flex Space Available

      Retail and flex spaces available for rent.
      57 Church Hill Rd, Newtown, CT 06470
      View Details
    • $1,900 /Mo
      1,150 SF

      High Bay Warehouse Space Available

      1150+/-sf high bay warehouse, ideal for contractors.
      77 South Main St, Newtown, CT 06470
      View Details
    • $22 SF/Yr
      38,262 SF

      Corner Office Suite For Rent

      Spacious corner office suite with high ceilings and natural light.
      153 South Main St, Newtown, CT 06470
      View Details
    • $14 SF/Yr
      23,764 SF

      Industrial Flex Space with Warehouse

      Industrial building with flex/warehouse space for lease.
      23 Commerce Rd, Newtown, CT 06470
      View Details

    Property Visit Statistics

    • Visits by month
      1.7k
    • Visitors by month
      1.4k
    • Avg Time on site
      24 min
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    Newtown, CT 06470-6706
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    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.

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