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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Residential income homes
43 Highland Ave Danbury, CT 06810-4524
Individually Owned
5-yr Hold
Property ID
US15-0751311
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1882
Total area
2,904 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CN5
APN
DANB M:G13 L:182
UPID
US15-0751311
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
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$630k
Owner & transaction history
Melissa D Hutchings · 5 yrs held
Melissa D Hutchings
since 2021
Last sale
$620,000
6 recorded transactions
Zoning & alternative use
CN5 · Danbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$680,000
+22.9%
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 Danbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danbury 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
$840,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$550,000
Current use
AUTO REPAIR, GARAGE
$680,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$540,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $620k (May 18 2021)
Last sale anchor
$620k
May 18 2021
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
$217 / 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
$8,786
Tax year 2023
Assessed value
$376,600
Assessed 2023
Previous assessed
$376,600
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$63,420
Assessed improvement
$313,180
Applied tax rate
102.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1882
Heating
BASEBOARD
Buildings
1
Stories
2
Units
4
Rooms
14
Bathrooms
4
Total area
2,904 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CN5
APN
DANB M:G13 L:182
UPID
US15-0751311
Jurisdiction
DANBURY
Zoning & alternative use
CN5 · Danbury, CT
Zoning CN5 · permitted uses
CN5 · Danbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Danbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$680,000
RETAIL STORES
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1882
Heating
BASEBOARD
Stories
2
Buildings
1
Units
4
Rooms
14
Bathrooms
4
Lot
0.26 ac
Current owner
From public records · entity-resolved
Melissa D Hutchings
Individual
Mailing address
89 CEDAR LN, RIDGEFIELD, CT 06877-5302
Ownership since
2021
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
May 18, 2021
$620,000
Melissa D Hutchings
Keith Simeral
Warranty Deed
—
Apr 30, 2013
—
Keith Simeral
43 Highland LLC
Quit Claim Deed
related
—
Jul 21, 2003
—
Keith Simeral
—
Deed Of Trust
related
$270,000 · M & T Mortgage Corp
Nov 25, 2002
$352,500
Zully Simeral
Wilson,timothy
Warranty Deed
$270,000 · M & T Mortgage Corp
Jun 15, 1998
—
Timothy Wilson
—
Deed Of Trust
related
$40,000 · Independent Realty Capital
Dec 11, 1997
$145,000
Timothy Wilson
Thompson,michael
Warranty Deed
$116,000 · New Canaan Bank & Trust
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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