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Property profile & analytics
OFF-MARKET
Estimated value
$4,875,000
Showrooms
3 Lk Ave Ext Danbury, CT 06811-5252
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0558979
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1983
Construction
STEEL FRAME
Total area
33,600 SF
Lot
1.52 ac (66,211 SF)
Zoning code
CA80
APN
DANB M:G15 L:5
UPID
US15-0558979
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
-
Pacific House Social Service Agency
-
Kerry Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$4.88M
Owner & transaction history
3 Lk Avenue Extension LLC · 5 yrs held
3 Lk Avenue Extension LLC
since 2021
Last sale
$4.6M
6 recorded transactions
Zoning & alternative use
CA80 · Danbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Regulations PDF
Top alternative use upside
Auto repair, garage
$7.9M
+61.2%
Apartment house (5+ units)
$6.5M
+32.5%
Retail stores
$6.2M
+28.2%
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
$5,785,000
ML approach
$5,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,870,000
Current use
AUTO REPAIR, GARAGE
$7,850,000
Change: +61% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,455,000
Change: +33% · Conversion: Moderate
RETAIL STORES
$6,245,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$4,380,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$4.88M
Range $4.39M – $5.36M · ±10% · vs last sale $4.63M (May 3 2021)
Last sale anchor
$4.63M
May 3 2021
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
$145 / 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
$75,312
Tax year 2023
Assessed value
$3,228,120
Assessed 2023
Previous assessed
$2,512,900
+28.5% YoY
Effective rate
2.33%
On assessed value
Assessed land
$933,380
Assessed improvement
$2,294,740
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
4
Units
94
Total area
33,600 SF
Lot
1.52 ac (66,211 SF)
Zoning code
CA80
APN
DANB M:G15 L:5
UPID
US15-0558979
Jurisdiction
DANBURY
Zoning & alternative use
CA80 · Danbury, CTZoning CA80 · permitted uses
CA80 · Danbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Regulations PDF
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
RETAIL STORES
Est. value
$6.2M
OFFICE BUILDING
Est. value
$4.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
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
1983
Construction
STEEL FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
4
Buildings
1
Units
94
Lot
1.52 ac
Current owner
From public records · entity-resolved
3 Lk Avenue Extension LLC
Entity
Free & Clear · 5 yrs held
Mailing address
137 HENRY ST STE #205, STAMFORD, CT 06902-5842
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
$4,625,000
3 Lk Avenue Extension LLC
Ram Krisna Pr LLC
Warranty Deed
—
Oct 16, 2018
—
Ram Krisna LLC
—
Deed
related
$1,239,000 · Bank Of America
Nov 8, 1999
$2,419,500
Ram Krisna Ptnrs LLC
Super 8 Motels Danb
Warranty Deed
$1,500,000 · Zions First National Bank
Nov 8, 1999
—
Ram Krisna Ptnrs LLC
—
Deed Of Trust
related
$100,000 · Zions First National Bank
Apr 26, 1987
—
Super 8 Motels Of Danb
—
Deed Of Trust
related
$2,400,000 · Key Bank Of Se Ny
—
—
Ram Krisna LLC
—
Deed Of Trust
related
$1,239,000 · Bank Of America
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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