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Property profile & analytics
FOR LEASE
Showrooms
507 Danbury Rd New Milford, CT 06776
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0952204
For Lease
1 / 24
$18 SF/Yr
507 Danbury Rd, New Milford, CT 06776
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Property summary
AI-generated overview
This exceptional 6,000 square foot retail space, located at 507 Danbury Road in New Milford, Connecticut, is available for lease. Situated within a larger 26,103 square foot building constructed in 2006, this single-tenant property offers excellent visibility and frontage, ensuring maximum exposure for your business. The property benefits from an I-C zoning designation. The building itself is a modern, single-building structure built in 2006 and does not include elevators. The spacious layout is ideal for a showroom or retail establishment seeking to establish a strong presence in the New Milford market. An additional lot provides valuable storage space, enhancing the functionality and appeal of this property. This location offers a significant opportunity for businesses looking to thrive in a vibrant area. The property's address is 507 Danbury Road, New Milford, CT 06776. This is a single-tenant occupancy in a shopping plaza setting. The property is easily accessible and provides ample space for a variety of retail uses. Don't miss this chance to secure a prime retail location in a thriving Connecticut community.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,103 SF
Lot
8.21 ac (357,628 SF)
Zoning code
I-C
APN
NMIL M:7 L:80
UPID
US15-0952204
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
-
Tom's shop Auto Repair Shop
-
TommyfYeah Shop Auto Repair Shop
-
Scooters Bar & Grill Restaurant
-
NO:LIMIT HEALTH & FITNESS (24/7 GYM) Gym & Fitness Center
-
Brookfield Bay Marina Showroom Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.73M
Owner & transaction history
Kralani LLC · 4 yrs held
Kralani LLC
since 2022
5 recorded transactions
Zoning & alternative use
I-C · New Milford, 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 New Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Milford 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±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
$66 / 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
$39,446
Tax year 2023
Assessed value
$1,361,150
Assessed 2023
Previous assessed
$1,361,150
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$636,510
Assessed improvement
$724,640
Applied tax rate
222.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
5
Units
4
Bathrooms
2
Total area
26,103 SF
Lot
8.21 ac (357,628 SF)
Zoning code
I-C
APN
NMIL M:7 L:80
UPID
US15-0952204
Jurisdiction
NEW MILFORD
Zoning & alternative use
I-C · New Milford, CT
Zoning I-C · permitted uses
I-C · New Milford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Milford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
1
Units
4
Bathrooms
2
Lot
8.21 ac
Current owner
From public records · entity-resolved
Kralani LLC
Entity
Mailing address
348 PEACH LK RD, BREWSTER, NY 10509-1715
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
Kralani LLC
Candlewood Prop INC
Warranty Deed
$434,000 · Newtown Savings Bank
Aug 24, 2000
$901,000
Candlewood Prop
Andro,ray
Warranty Deed
—
May 2, 1997
—
Raymond L Andro
—
Deed Of Trust
related
$535,000 · Peoples Bank
Oct 3, 1994
$535,000
Raymond L Andro
Maxim Jane P Est
Grant Deed
$416,000 · Unknown Lender
Oct 3, 1994
—
Raymond L Andro
—
Deed Of Trust
related
$7,500 · Zwi Kohorn
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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