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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Residential income homes
31 Lk Ave Danbury, CT 06810-6392
Individually Owned
4-yr Hold
Property ID
US15-0079855
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Total area
3,314 SF
Lot
0.25 ac (10,890 SF)
Zoning code
R3
APN
DANB M:H15 L:6
UPID
US15-0079855
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$690k
Owner & transaction history
Nevzat Bakraqi · 4 yrs held
Nevzat Bakraqi
since 2021
Last sale
$671,250
6 recorded transactions
Zoning & alternative use
R3 · Danbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$775,000
+22.9%
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
$910,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$630,000
Current use
AUTO REPAIR, GARAGE
$775,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$615,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $671k (Dec 27 2021)
Last sale anchor
$671k
Dec 27 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
$208 / 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
$10,223
Tax year 2023
Assessed value
$438,200
Assessed 2023
Previous assessed
$438,200
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$60,830
Assessed improvement
$377,370
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1900
Heating
HOT WATER
Buildings
1
Stories
3
Units
4
Rooms
16
Bathrooms
5
Total area
3,314 SF
Lot
0.25 ac (10,890 SF)
Zoning code
R3
APN
DANB M:H15 L:6
UPID
US15-0079855
Jurisdiction
DANBURY
Zoning & alternative use
R3 · Danbury, CT
Zoning R3 · permitted uses
R3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$775,000
RETAIL STORES
Est. value
$615,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1900
Heating
HOT WATER
Stories
3
Buildings
1
Units
4
Rooms
16
Bathrooms
5
Lot
0.25 ac
Current owner
From public records · entity-resolved
Nevzat Bakraqi
Individual
Mailing address
31 LK AVE, DANBURY, CT 06810-6392
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
Dec 27, 2021
$671,250
Nevzat Bakraqi
Darrell P Bradford Ret
Deed
$516,000 · Warshaw Capital LLC
Dec 6, 2016
$501,500
Darrell Bradford
Victorian Associates L
Warranty Deed
$369,000 · Amerisave Mortgage Corp
Feb 8, 2012
—
Victorian Assoc LLC
—
Deed Of Trust
related
$205,000 · Union Savings Bank
Feb 8, 2012
$1
Victorian Assoc LLC
M&b Assoc
Grant Deed
related
—
Jul 16, 1987
—
M Assoc
—
Deed Of Trust
related
$535,000 · Community Savings Bank
Jan 13, 1987
—
M Assoc
—
Deed Of Trust
related
$150,000 · Union Savings Bank Danbury
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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