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Property profile & analytics
FOR SALE
Office buildings

650 Danbury Rd Ridgefield, CT 06877

17,777 SF 1.11 ac lot Built 1970
Individually Owned 18-yr Hold ~ Est. High Equity
Property ID
US15-0378562
Property summary
AI-generated overview

This exceptional 18,000-square-foot Class A office building is available for sale. Located at 650 Danbury Road in Ridgefield, Connecticut, this property boasts a desirable location in Fairfield County, close to New York's Westchester County. The building, constructed in 1978 and renovated in 1996, features two stories within a single building situated on a 1.11-acre lot. The property is currently vacant and offers a flexible lease structure (NNN). Suitable for various office uses, including executive, medical, and traditional office spaces, this property presents a unique opportunity for investors or businesses seeking a prominent presence in a thriving community. Ridgefield is known for its New England charm, cultural attractions, and highly-rated school system, making it an attractive location for both businesses and residents. The property's convenient location offers easy access to major transportation routes, providing seamless connectivity to surrounding areas. This is a rare opportunity to acquire a substantial office building in a highly sought-after location. The property is offered for sale by owner.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 17,777 SF
Lot 1.11 ac (48,352 SF)
Zoning code B-2
APN RIDG M:G09 B:0015
UPID US15-0378562
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
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
$890k
Blend (final) Blend
$690k
Owner & transaction history
Schimenti Road Assoc L · 18 yrs held
Schimenti Road Assoc L
since 2007
4 recorded transactions
2007
$1.8M
2003
Price N/A
2000
Price N/A
1987
Price N/A
Zoning & alternative use
B-2 · Ridgefield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name Light Industry
General category UNKNOWN
Zone area 259.40 ac
Source Realmo
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