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    271 Main St Newtown, CT 06470
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    271 Main St Newtown, CT 06470

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    • Commercial real estate
    • 2.06 lot acres
    For Sale
    $1,399,000
    View Listing →
    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 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
    View Listing
    Property ID
    US15-0307752
    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

    • Commercial real estate

    Property Details for 271 Main St

    Lot size
    2.06 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents 2.06 acres of prime commercial land in Newtown, Connecticut, strategically located on South Main Street (Route 25), a high-traffic area boasting approximately 16,000 cars daily. The property comprises two adjacent lots: 271 S Main St (1.18 acres, previously a restaurant) and 263 S Main St (0.88 acres, with a 665 sq ft existing structure). Both parcels are zoned M-1, allowing for a variety of uses including retail, office, light industrial, warehouse, printing/publishing, and veterinary hospital. Special exceptions, subject to commission approval, include hotels/motels, shopping centers, private schools, and brewpubs/distilleries. Further development potential exists for uses such as gas stations, convenience stores, and car washes, contingent upon town approval and zoning modifications. Existing infrastructure includes well and septic systems. The property is conveniently located near shopping centers, restaurants, and major highways, making it an ideal location for a diverse range of commercial ventures. Offered at $1,499,000, this property is sold as-is. Parcel IDs are 361310 and 36139. The address is 271 & 263 S Main St, Newtown, CT 06470. This is a rare opportunity to acquire a significant commercial land holding in a thriving Connecticut town.

    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
    -73.27085537
    Latitude
    41.36878267

    Comparable in this City

    • $190,000

      Route 25 Frontage Development Site

      3.01 acres of undeveloped land with highway access.
      342 South Main St, Newtown, CT 06470
      View Details
    • $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
      View Details
    • $190,000
      3.01 Acres

      Newtown Land For Sale

      3.01 acres of undeveloped land with Route 25 frontage.
      342 S Main St, Newtown, CT 06470
      View Details
    • Contact for pricing

      40-Acre Parcel for Industrial Warehouse

      40-acre parcel suitable for a 200,000-250,000 sq. ft. warehouse.
      2 Button Shop Rd, Newtown, CT 06470
      View Details
    • $10,500,000
      137,406 SF

      Campus-Style Industrial Investment Opportunity

      Rare campus-style industrial investment property in a desirable commercial corridor.
      31 Pecks Ln, Newtown, CT 06470
      View Details

    Similar Nearby for Sale

    • $190,000

      Route 25 Frontage Development Site

      3.01 acres of undeveloped land with highway access.
      342 South Main St, Newtown, CT 06470
      View Details
    • $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
      View Details
    • $190,000
      3.01 Acres

      Newtown Land For Sale

      3.01 acres of undeveloped land with Route 25 frontage.
      342 S Main St, Newtown, CT 06470
      View Details
    • Contact for pricing

      40-Acre Parcel for Industrial Warehouse

      40-acre parcel suitable for a 200,000-250,000 sq. ft. warehouse.
      2 Button Shop Rd, Newtown, CT 06470
      View Details
    • $10,500,000
      137,406 SF

      Campus-Style Industrial Investment Opportunity

      Rare campus-style industrial investment property in a desirable commercial corridor.
      31 Pecks Ln, Newtown, CT 06470
      View Details

    Similar Nearby for Lease

    • $800 /Mo

      Professional Office Space For Rent

      700 sq ft office space with great natural light.
      5 Dusty Ln, Newtown, CT 06470
      View Details
    • Contact for pricing
      1,100 SF

      Professional Office Space For Rent

      Highly visible office space with utilities included and elevator access.
      25 Church Hill Rd, Newtown, CT 06470
      View Details
    View Listing
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    Newtown, CT 06470
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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.

    More about this property
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