Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    32 Berkshire Rd Newtown, CT 06482

    • Commercial land
    • 1,440 SF
    • 3.07 lot acres
    For Sale
    View listing
    $1,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0728066
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 32 Berkshire Rd

    Year built
    1994
    Construction
    STEEL FRAME
    Lot size
    3.07 lot acres
    Property size
    1,440 SF
    Zone code
    M-5
    Property type
    Commercial land
    APN
    NEWT M:44 B:4 L:2
    APU
    NEWTM44B4L2

    Description

    This exceptional 14,000-square-foot commercial building, situated on a 3.07-acre lot in Newtown, Connecticut, presents a remarkable investment opportunity. Currently vacant, this property is ideally suited for a variety of uses, including retail, restaurant, medical, or office space, thanks to its M-5 (Office/Retail/Industrial) zoning. The building boasts 88 parking spaces and offers excellent visibility with approximately 410 feet of road frontage on Route 34 (Berkshire Road). Its strategic location provides convenient access to I-84 via the new Exit 11 ramp and Route 25, benefiting from a daily traffic count of approximately 25,200 vehicles. The property is available for sale as is, with all necessary approvals in place, or the owners are open to build-to-suit options to meet specific tenant requirements. Approved plans allow for fantastic signage opportunities on both the building and the road, and a drive-thru is also a possibility. The asking price is $1,300,000, translating to $92.86 per square foot. This property is a rare find, offering a combination of size, location, and flexibility that is sure to attract significant interest. The property is located at 32 Berkshire Rd, Newtown, CT 06482.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandy Hook
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2643
    Latitude
    41.4072
    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
    $9,635
    $367,200
    $0.00
    $367,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      11.65 Acres

      16 High Brg Rd

      VACANT COMMERCIAL LAND • 11.65 Acres
      16 High Brg Rd, Sandy Hook, CT 06482-1601
      View Details
    • Value Estimation by Request
      9.91 Acres

      8 Toddy Hl Rd

      VACANT COMMERCIAL LAND • 9.91 Acres
      8 Toddy Hl Rd, Sandy Hook, CT 06482-1309
      View Details
    • Value Estimation by Request
      2.21 Acres

      73 Church Hl Rd

      VACANT COMMERCIAL LAND • 2.21 Acres
      73 Church Hl Rd, Sandy Hook, CT 06482-1162
      View Details
    • Value Estimation by Request
      4.59 Acres

      8 Turnberry Ln

      VACANT COMMERCIAL LAND • 4.59 Acres
      8 Turnberry Ln, Sandy Hook, CT 06482-1365
      View Details
    • Value Estimation by Request
      1.20 Acres

      7th Berkshire Rd

      VACANT COMMERCIAL LAND • 1.20 Acres
      7th Berkshire Rd, Sandy Hook, CT 06482-1361
      View Details
    • Value Estimation by Request
      3.23 Acres

      4 Toddy Hl Rd

      QUARRIES (SAND, GRAVEL, ROCK) • 1,440 SF
      4 Toddy Hl Rd, Sandy Hook, CT 06482-1309
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Sandy Hook Treed Land Available

      11.65 acres of treed land suitable for subdivision.
      16 High Bridge Rd, Sandy Hook, CT 06482
      View Details
    • $1,699,999

      Land For Sale

      Land available for sale.
      40 Great Ring Rd, Sandy Hook, CT 06482
      View Details
    • $949,000

      Land For Sale

      Land available for sale.
      12 Valley Field Rd S, Sandy Hook, CT 06482
      View Details
    • $350,000

      Land with Lake Zoar Views

      5.31-acre parcel with water views and dual road access.
      30 Cedarhurst Trl, Sandy Hook, CT 06482
      View Details
    • $259,900
      4.62 Acres

      Secluded Land Parcel in Newtown

      4.62 acre residential land with potential for development.
      13 Jordan Hill Rd, Sandy Hook, CT 06482
      View Details
    • $600,000

      Specialty Property for Sale

      Specialty property available for purchase.
      54 Jeremiah Rd, Sandy Hook, CT 06482
      View Details

    Similar Nearby for Lease

    • $650 /Mo

      Office Space in Sandy Hook

      Private office space in a convenient Newtown location.
      111 Church Hill Rd, Newtown, CT 06482
      View Details
    • $20 SF/Yr
      13,128 SF

      Newtown Retail Space - Glen Rd

      Historic Newtown retail/office space, multiple units available.
      75 Gln Rd, Newtown, CT 06482
      View Details
    • $3,500 /Mo
      3,295 SF

      Seymour Warehouse with Fenced Yard

      One-acre Seymour property featuring warehouse and office trailer.
      130 Day St, Seymour, CT 06482
      View Details
    • $11 SF/Yr
      31,194 SF

      Prime Newtown Warehouse Space

      Newly renovated, I-84 access, flexible space.
      57 Church Hill Rd, Newtown, CT 06482
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    32 Berkshire Rd
    Newtown, CT 06482
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.