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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Industrial properties
40 High Brg Rd Sandy Hook, CT 06482-1601
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US15-1079194
Property summary
AI-generated overview
This exceptional industrial property, located at 40 High Bridge Road in Newtown, Connecticut (06482), offers 60,718 square feet of warehouse, distribution, and manufacturing space within Fairfield County. The property sits on a six-acre lot, providing ample yard space ideal for outdoor storage and parking. Five spaces are currently available, ranging from a minimum of 4,000 square feet to a maximum contiguous space of 38,000 square feet. The building is undergoing substantial renovations, including a new roof, overhead doors, upgraded lighting, renovated bathrooms, and new electrical panels. The property boasts ceiling heights ranging from 16 to over 20 feet and includes 4,000 square feet of existing office space. Its M1 zoning allows for a variety of uses. The strategic location offers convenient access to major transportation arteries, including I-84, Route 25, and I-95, making it an attractive option for businesses needing efficient logistics.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,718 SF
Lot
6 ac (261,360 SF)
Zoning code
M-1
APN
NEWT M:48 B:1 L:3
UPID
US15-1079194
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
Current use
Occupant on record · Public records
-
Tier 1 Estate Care Landscaping General Contractor
-
Western Connecticut Tree Experts Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.24M
Owner & transaction history
64 Magee Ave Assoc · 22 yrs held
64 Magee Ave Assoc
since 2004
3 recorded transactions
Zoning & alternative use
M-1 · Sandy Hook, 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 Sandy Hook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandy Hook 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
$930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10%
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
$21 / 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
$31,931
Tax year 2023
Assessed value
$1,216,900
Assessed 2023
Previous assessed
$1,205,700
+0.9% YoY
Effective rate
2.62%
On assessed value
Assessed land
$442,970
Assessed improvement
$773,930
Applied tax rate
106.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Rooms
6
Bathrooms
2
Total area
58,718 SF
Lot
6 ac (261,360 SF)
Zoning code
M-1
APN
NEWT M:48 B:1 L:3
UPID
US15-1079194
Jurisdiction
NEWTOWN
Zoning & alternative use
M-1 · Sandy Hook, CT
Zoning M-1 · permitted uses
M-1 · Sandy Hook, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sandy Hook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Rooms
6
Bathrooms
2
Lot
6 ac
Current owner
From public records · entity-resolved
64 Magee Ave Assoc
Individual
Mailing address
135 RICHARDS AVE, NORWALK, CT 06854-1611
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2004
$210,000
64 Magee Ave Assoc
Mario Devivo Rlty
Warranty Deed
$1,200,000 · Zenon Grzybowski
Jan 6, 1997
—
Mario Devivo
—
Deed Of Trust
related
$1,280,000 · Peoples Bank
Nov 21, 1990
—
Mario Devivo
—
Deed Of Trust
related
$1,400,000 · Union Trust Co
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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