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    39 Mill Plain Rd Danbury, CT 06811
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    Property profile & analytics

    39 Mill Plain Rd Danbury, CT 06811

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    • Commercial real estate
    • 2,362 SF
    • 0.45 lot acres
    For Sale
    $240,000
    View Listing →
    Turnkey Office Space For Sale For Sale
    $240,000
    2,362 SF

    Turnkey Office Space For Sale

    Fully-furnished office space with flexible layout and prime visibility.

    39 Mill Plain Rd, Danbury, CT
    View Listing
    Property ID
    US15-0854795
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mind-Body Transformation / Alternative Medicine Practice
    • Probate Lawyer / Law Firm
    • Kemi Amos Gerfen / Dental Office
    • Capital Roofing Guys / Roofing Company / General Contractor
    • Fight4Fit / Gym & Fitness Center

    Property Details for 39 Mill Plain Rd

    Lot size
    0.45 lot acres
    Property size
    2,362 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 39 Mill Plain Rd, Suite 3 & 4 in Danbury, Connecticut, presents a unique investment opportunity. The property encompasses 2,362 square feet of meticulously maintained office space situated on a 0.45-acre lot. Currently configured as two connected suites (Suite 3 and Suite 4, individually priced at $140,000 and $100,000 respectively), the combined asking price for both is $240,000. Each suite boasts separate entrances and utilities, offering flexibility for a single occupant or division into two independent units. The interior features five well-lit individual rooms, a vaulted lobby, a bright mezzanine, a functional kitchenette, and a half bath. The property's prime location along a busy commercial corridor in Danbury, CT (zip code 06811) ensures high visibility, ideal for signage and attracting clients. Its convenient proximity to I-84 provides easy access for employees and clients traveling from both directions. The fully-furnished turnkey nature of the space allows for immediate occupancy, minimizing setup time and costs for the new owner. This property is perfect for a variety of professional office uses and represents a compelling investment opportunity in a thriving Connecticut market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Western Connecticut
    State
    Connecticut
    Longitude
    -73.4988547
    Latitude
    41.3897147

    Comparable in this City

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      Danbury Commercial Land Opportunity

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    • $240,000
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      Turnkey Office Space For Sale

      Fully-furnished office space with flexible layout and prime visibility.
      39 Mill Plain Rd, Danbury, CT 06811
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    • $339,000
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      Danbury Office Suite For Sale

      Office suite with private offices, conference room, and kitchenette.
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      27,360 SF

      Danbury Multi-Parcel Investment Opportunity

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      92,319 SF

      Multi-Tenant Office and Medical Property

      Well-located, four-story office and medical building with value-add potential.
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    Similar Nearby for Sale

    • $1,525,000
      7,609 SF

      Danbury Commercial Land Opportunity

      Prime commercial land in Danbury's active Mill Plain corridor.
      68 Mill Plain Rd, Danbury, CT 06811
      View Details
    • Contact for pricing
      27,360 SF

      Danbury Multi-Parcel Investment Opportunity

      10.5-acre multi-parcel investment opportunity with industrial, office, and residential components.
      41 Padanaram Rd, Danbury, CT 06811
      View Details
    • Contact for pricing
      92,319 SF

      Multi-Tenant Office and Medical Property

      Well-located, four-story office and medical building with value-add potential.
      100 Mill Plain Rd, Danbury, CT 06811
      View Details
    • $339,000
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      West Side Office Condo

      Office condo for sale on the west side.
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    • $240,000
      2,362 SF

      Turnkey Office Space For Sale

      Fully-furnished office space with flexible layout and prime visibility.
      39 Mill Plain Rd, Danbury, CT 06811
      View Details
    • $339,000
      2,310 SF

      Danbury Office Suite For Sale

      Office suite with private offices, conference room, and kitchenette.
      27 Mill Plain Rd, Danbury, CT 06811
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Flex Space Available

      Adaptable space suitable for flex, industrial, office, or retail.
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      View Details
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      Office Suites with Private Bathrooms

      Office suites featuring private windowed offices, conference rooms, and break area.
      98 Mill Plain Rd, Danbury, CT 06811
      View Details
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      Danbury Office Building For Rent

      Office building with ample parking and highway access available for rent.
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      1,048 SF

      Versatile Retail/Office Space Available

      Functional space for retail or office use in Danbury.
      130 Federal Rd, Danbury, CT 06811
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    • $1,000 /Mo
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      Danbury Office Space For Rent

      Office space available for rent in Danbury, Connecticut.
      40 Lake Avenue Ext, Danbury, CT 06811
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    • $12 SF/Yr
      3,469 SF

      Versatile Space with Loading Dock

      Industrial/office/retail space with highway visibility and loading dock.
      144 Old Brookfield Rd, Danbury, CT 06811
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    View Listing
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    Danbury, CT 06811
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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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