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    Property profile & analytics

    360 Main St Ridgefield, CT 06877-4644

    • Office buildings
    • 8,300 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0259211
    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

    • Tooth Fairy Pediatric Dentistry & Orthodontics / Dental Office
    • NextGen Dental / Dental Office
    • John M. Glover Insurance Agency / Insurance Agency
    • Dr. Teresa Lee / Dental Office
    • Kiranpreet Narain / Dental Office

    Property Details for 360 Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.40 lot acres
    Property size
    8,300 SF
    Zone code
    RA
    Property type
    Office buildings
    APN
    RIDG M:E15 B:0152
    APU
    RIDGME15B0152

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $826,000
      Market price range: $296k - $1.14M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,450,000
      Current use
      RETAIL STORES
      $1,545,000
      Change: +7% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,315,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgefield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4978
    Latitude
    41.2802
    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
    $41,735
    $455,000
    $1,162,000
    $1,617,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $515,000
      8,954 SF

      27th Catoonah St

      OFFICE BUILDING • 8,954 SF
      27th Catoonah St, Ridgefield, CT 06877-4412
      View Details
    • Value Estimation
      $1,305,000
      15,854 SF

      193 Danbury Rd

      OFFICE BUILDING • 15,854 SF
      193 Danbury Rd, Ridgefield, CT 06877-3213
      View Details
    • Value Estimation
      $2,085,000
      27,296 SF

      10 Ss St

      OFFICE BUILDING • 27,296 SF
      10 Ss St, Ridgefield, CT 06877-4124
      View Details
    • Value Estimation
      $1,295,000
      9,688 SF

      724 Danbury Rd

      OFFICE BUILDING • 9,688 SF
      724 Danbury Rd, Ridgefield, CT 06877-2743
      View Details
    • Value Estimation by Request
      8,878 SF

      904 Ethan Allen Hwy

      OFFICE BUILDING • 8,878 SF
      904 Ethan Allen Hwy, Ridgefield, CT 06877-2826
      View Details
    • Value Estimation by Request
      7,100 SF

      722 Danbury Rd

      OFFICE BUILDING • 7,100 SF
      722 Danbury Rd, Ridgefield, CT 06877-2712
      View Details

    Similar Nearby for Sale

    • $2,700,000

      High-Quality Office Building For Sale

      Professional office building in desirable Fairfield County market.
      650 Danbury Rd, Ridgefield, CT 06877
      View Details
    • $289,400
      1,147 SF

      Downtown Ridgefield Office Space

      Professional office space in downtown Ridgefield with shared amenities.
      90 Grove St, Ridgefield, CT 06877
      View Details
    • $252,525
      1,443 SF

      Downtown Ridgefield Medical Office Space

      First-floor medical office in downtown Ridgefield with current tenant.
      90 Grove St, Ridgefield, CT 06877
      View Details
    • $410,200
      2,344 SF

      Downtown Ridgefield Executive Office Space

      Executive office space in downtown Ridgefield with walkable access.
      90 Grv St #Ste, Ridgefield, CT 06877
      View Details
    • Contact for pricing
      18,000 SF

      Ridgefield Office Building For Sale

      18,000 SF Office, Vacant, Prime Location
      650 Danbury Rd, Ridgefield, CT 06877
      View Details
    • $1,200,000
      11,253 SF

      Ridgefield Office Building For Sale

      Medical & Traditional Office Space, Great Investment
      871 Ethan Allen Hwy, Ridgefield, CT 06877
      View Details

    Similar Nearby for Lease

    • $850 /Mo
      200 SF

      Ideal office setting For Lease - $650 to $850/MO

      Ideal office setting For Lease - $650 to $850/MO
      641 Danbury Road, Ridgefield, CT 06877
      View Details
    • $16 SF/Yr
      11,000 SF

      Ridgefield Office Space for Lease

      Executive & Traditional Office Suites Available
      871 Ethan Allen Hwy, Ridgefield, CT 06877
      View Details
    • $28 SF/Yr
      2,344 SF

      Executive Office Space in Ridgefield

      First-floor office space in downtown Ridgefield with premium amenities.
      90 Grove St, Ridgefield, CT 06877
      View Details
    • $6,000 /Mo
      2,315 SF

      Renovated Victorian Retail/Office Multi-Unit

      Renovated Victorian retail/office space near Ridgefield's Main Street.
      27 1St Ln, Ridgefield, CT 06877
      View Details
    • $1,600 /Mo
      4,221 SF

      Well-Maintained Second-Floor Office Suite

      Second-floor office suite featuring five private offices, reception, kitchen.
      5 Danbury Rd, Wilton, CT 06877
      View Details
    • Contact for pricing
      755 SF

      Office Space with Ample Windows

      755 SF office space available for rent in Ridgefield.
      99 Danbury Rd, Ridgefield, CT 06877
      View Details

    Property Visit Statistics

    • Visits by month
      4.6k
    • Visitors by month
      3.3k
    • Avg Time on site
      21 min
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    Ridgefield, CT 06877-4644
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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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