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    54 Main St Newtown, CT 06470-5310
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    Property profile & analytics

    54 Main St, Newtown, CT 06470-5310

    View on Map
    • Office buildings
    • 3,970 SF
    • 0.53 lot acres
    Off-Market
    Property ID
    US15-1052086
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Aaron Coopersmith, DC / Alternative Medicine Practice
    • Chiropractic Center of Newtown / Alternative Medicine Practice
    • Erick Kuczo / Alternative Medicine Practice
    • Theresa Girardot Tax & Accounting Services LLC / Accounting Firm / Tax Preparation
    • Dr. Richard Coopersmith / Alternative Medicine Practice

    Property Details for 54 Main St

    Year built
    1983
    Construction
    FRAME
    Lot size
    0.53 lot acres
    Property size
    3,970 SF
    Zone code
    B-1
    Property type
    Office buildings
    APN
    NEWT M:30 B:8 L:5
    APU
    NEWTM30B8L5

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $812,000
      Market price range: $397k - $1.02M
      AI Estimate
      $778,000
      Market price range: $330k - $937k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $695,000
      Current use
      AUTO REPAIR, GARAGE
      $930,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $925,000
      Change: +34% Conversion: Easy
      RETAIL STORES
      $740,000
      Change: +7% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newtown
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.297
    Latitude
    41.4011
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,742
    $154,920
    $330,680
    $485,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,245,000
      27,940 SF

      9 Commerce Rd

      OFFICE BUILDING • 27,940 SF
      9 Commerce Rd, Newtown, CT 06470-1607
      View Details
    • Value Estimation
      $565,000
      3,818 SF

      121 Mt Pleasant Rd

      OFFICE BUILDING • 3,818 SF
      121 Mt Pleasant Rd, Newtown, CT 06470-1537
      View Details
    • Value Estimation
      $3,725,000
      28,586 SF

      11 Commerce Rd

      OFFICE BUILDING • 28,586 SF
      11 Commerce Rd, Newtown, CT 06470-1607
      View Details
    • Value Estimation
      $715,000
      3,527 SF

      13 Church Hl Rd

      OFFICE BUILDING • 3,527 SF
      13 Church Hl Rd, Newtown, CT 06470-1612
      View Details
    • Value Estimation by Request
      1,044 SF

      50 Main St

      OFFICE BUILDING • 1,044 SF
      50 Main St, Newtown, CT 06470-2140
      View Details
    • Value Estimation
      $700,000
      5,355 SF

      6 Mile Hl Rd

      OFFICE BUILDING • 5,355 SF
      6 Mile Hl Rd, Newtown, CT 06470-2329
      View Details

    Similar Nearby for Sale

    • New
      $325,000
      Pending

      Newtown Commercial Land For Sale

      1.13 acre commercial land suitable for medical or retail use.
      149 Mount Pleasant Rd, Newtown, CT 06470
      View Details
    • Contact for pricing
      700 SF

      Professional Office Space For Sale

      700 SF office space with great natural light.
      5 Dusty Ln, Newtown, CT 06470
      View Details
    • $7,950,000
      73,332 SF

      Industrial Investment Opportunity in Newtown

      Premier industrial facility leased to a financially backed tenant.
      14 High Bridge Rd, Sandy Hook, CT 06470
      View Details
    • $60,000
      567 SF

      Newtown Office Suite - $60k

      Prime location, furnished office, great value.
      87 Main St, Newtown, CT 06470
      View Details

    Similar Nearby for Lease

    • $800 /Mo

      Professional Office Space For Rent

      700 sq ft office space with great natural light.
      5 Dusty Ln, Newtown, CT 06470
      View Details
    • Contact for pricing
      1,100 SF

      Professional Office Space For Rent

      Highly visible office space with utilities included and elevator access.
      25 Church Hill Rd, Newtown, CT 06470
      View Details
    • $22 SF/Yr
      38,262 SF

      Corner Office Suite For Rent

      Spacious corner office suite with high ceilings and natural light.
      153 South Main St, Newtown, CT 06470
      View Details
    • $14 SF/Yr
      23,764 SF

      Industrial Flex Space with Warehouse

      Industrial building with flex/warehouse space for lease.
      23 Commerce Rd, Newtown, CT 06470
      View Details
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    Newtown, CT 06470-5310
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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