Property profile

45 Main St Newtown, CT 06470

OFF-MARKET
Office buildings
Property ID
US15-0257350
3,291 SF 0.84 ac lot Built 1920
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Construction FRAME
Total area 3,291 SF
Lot 0.84 ac (36,590 SF)
Zoning code SDD13
APN NEWT M:28 B:7 L:7 U:1
UPID US15-0257350

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • City Government Office
  • Theater & Performing Art Venue
  • Gym & Fitness Center
  • Theater & Performing Art Venue Vocational School

Location

45 Main St Newtown, CT 06470-2141
Newtown metro Census 230502 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$685k
CAP Approach CAP
by Request
Comparable Approach Comparable
$700k
Blend (final) Blend
$690k

Owner & transaction history

since 2022
Last sale
$675,000
5 recorded transactions
2022
$675,000
2006
$847,000
1997
$390,000
1997
Price N/A
1992
Price N/A

Zoning & alternative use

SDD13 · Newtown, CT
Top alternative use upside
Auto repair, garage $770,000 +33.9%
Commercial (general) $765,000 +33.5%
Retail stores $610,000 +6.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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