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Property profile & analytics
FOR LEASE
Showrooms
36 Bank St A, New Milford, CT 06776
Entity Owned
Free & Clear
Property ID
US15-0377949
For Lease
1 / 32
$1,995/Mo
36 Bank St,Unit A, New Milford, CT 06776
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,485 SF
Lot
0.09 ac (3,920 SF)
Zoning code
V-C
APN
NMIL M:28-4 L:26
UPID
US15-0377949
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$661k
Blend (final)
Blend
$710k
Owner & transaction history
36 Bank LLC
36 Bank LLC
since 2025
Last sale
$975,000
6 recorded transactions
Zoning & alternative use
V-C · New Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 New Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Milford 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$780,000
Current use
RESTAURANT
$720,000
Change: -8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$680,000
Change: -13% · Conversion: Moderate
OFFICE BUILDING
$640,000
Change: -18% · Conversion: Easy
RETAIL STORES
$625,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $975k (May 26 2025)
Last sale anchor
$975k
May 26 2025
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
$129 / 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
$12,373
Tax year 2023
Assessed value
$426,950
Assessed 2023
Previous assessed
$426,950
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$211,210
Assessed improvement
$215,740
Applied tax rate
222.0000
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
For Lease
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
5
Bathrooms
2
Total area
5,485 SF
Lot
0.09 ac (3,920 SF)
Zoning code
V-C
APN
NMIL M:28-4 L:26
UPID
US15-0377949
Jurisdiction
NEW MILFORD
Zoning & alternative use
V-C · New Milford, CT
Zoning V-C · permitted uses
V-C · New Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Milford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$780,000
RESTAURANT
Est. value
$720,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$680,000
OFFICE BUILDING
Est. value
$640,000
RETAIL STORES
Est. value
$625,000
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
5
Bathrooms
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
36 Bank LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 848, NEW MILFORD, CT 06776-0848
Ownership since
2025
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
Aug 26, 2025
$975,000
36 Bank LLC
Thirty Six Bank St LLC
Warranty Deed
—
Jun 12, 2017
—
36 Bank St LLC
—
Deed
related
$1,500,000 · Barry F Reisler
Dec 14, 2015
$623,800
36 Bank Street LLC
New Milford Ins Agency
Warranty Deed
—
Aug 21, 2009
—
New Milford Insurance INC
—
Deed Of Trust
related
$100,000 · Preferred Investment Assn
Dec 18, 1989
—
New Mil Ins Agy
—
Deed Of Trust
related
$125,000 · Nmbt
—
—
36 Bank St LLC
—
Deed Of Trust
related
$1,500,000 · Barry F Reisler
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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