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Property profile & analytics
OFF-MARKET
Retail space
5 Padanaram Rd, Danbury, CT 06811-4835
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US15-0198318
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
FRAME
Total area
6,900 SF
Lot
0.96 ac (41,818 SF)
Zoning code
CN20
APN
DANB M:H10 L:159
UPID
US15-0198318
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
-
Connecticut Finest Barber Shop Barber Shop
-
Stylish Lisa Nails & Spa Nail Salon
-
Butthead's Tobacco Emporium (Bike/Boat/Book/etc) Store
-
AD Bras danbury ct Church
-
Northridge Wine & Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joon Hyuk Chung · 18 yrs held
Joon Hyuk Chung
since 2008
Last sale
$3.9M
6 recorded transactions
Zoning & alternative use
CN20 · Danbury, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$38,613
Tax year 2023
Assessed value
$1,655,080
Assessed 2023
Previous assessed
$1,655,080
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$607,670
Assessed improvement
$1,047,410
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
7
Total area
6,900 SF
Lot
0.96 ac (41,818 SF)
Zoning code
CN20
APN
DANB M:H10 L:159
UPID
US15-0198318
Jurisdiction
DANBURY
Zoning & alternative use
CN20 · Danbury, CT
Zoning CN20 · permitted uses
CN20 · 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.
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
7
Lot
0.96 ac
Current owner
From public records · entity-resolved
Joon Hyuk Chung
Individual
Mailing address
134 CHARLOTTE PL, ENGLEWOOD CLIFFS, NJ 07632-2620
Ownership since
2008
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
Jul 2, 2013
—
Joon H Chung
—
Deed Of Trust
related
$1,850,000 · Zions First National Bank
May 7, 2008
$3,400,000
Joon Hyuk Chung
North Ridge Plaza LLC
Grant Deed
$2,100,000 · Zions First National Bank
Mar 28, 2007
$1
Northridge Plaza LLC
Dimasi,peter G
Warranty Deed
related
—
Mar 19, 2007
$1
North Ridge Plaza LLC
Dimasi,peter G
Grant Deed
related
—
Nov 24, 1992
—
Peter Dimasi
—
Deed Of Trust
related
$500,000 · Nutmeg Fsla
Jun 21, 1988
—
Peter Dimasi
—
Deed Of Trust
related
$1,200,000 · Peoples Bank
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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