Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    68 Morgan Ave Danbury, CT 06810

    • Industrial properties
    • 4,800 SF
    • 1.50 lot acres
    For Sale
    View listing
    Last Sale
    Oct 17, 2023
    $800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0917592
    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.

    Current Use by Public Records

    • The Retrospect Insurance Group / Insurance Agency / Auto Insurance Agency
    • Retrospect Group / Greeting Card Shop

    Property Details for 68 Morgan Ave

    Year built
    1980
    Construction
    FRAME
    Lot size
    1.50 lot acres
    Property size
    4,800 SF
    Zone code
    IL40
    Property type
    Industrial properties
    APN
    DANB M:K11 L:96
    APU
    DANBMK11L96

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $755,000
      ML approach
      $785,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $575,000
      Market price range: $309k - $623k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $480,000
      Current use
      AUTO REPAIR, GARAGE
      $1,120,000
      Change: +133% Conversion: Easy
      RETAIL STORES
      $890,000
      Change: +85% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $700,000
      Change: +46% Conversion: Difficult
      OFFICE BUILDING
      $635,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4286
    Latitude
    41.4119
    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
    $9,451
    $226,870
    $178,220
    $405,090
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5.54 Acres

      127-131 Ww St

      INDUSTRIAL (GENERAL) • 5.54 Acres
      127-131 Ww St, Danbury, CT 06810
      View Details
    • Value Estimation
      $650,000
      56.59 Acres

      39-103 Briar Rdg Rd

      INDUSTRIAL (GENERAL) • 56.59 Acres
      39-103 Briar Rdg Rd, Danbury, CT 06810
      View Details
    • Value Estimation by Request
      19.10 Acres

      2 Sugar Holw Rd

      INDUSTRIAL (GENERAL) • 19.10 Acres
      2 Sugar Holw Rd, Danbury, CT 06810-7505
      View Details
    • Value Estimation by Request
      2.48 Acres

      10 Old Newtown Rd

      INDUSTRIAL (GENERAL) • 2.48 Acres
      10 Old Newtown Rd, Danbury, CT 06810-6231
      View Details
    • Value Estimation by Request
      17.15 Acres

      22 Shelter Rock Ln

      INDUSTRIAL (GENERAL) • 17.15 Acres
      22 Shelter Rock Ln, Danbury, CT 06810-8267
      View Details
    • Value Estimation by Request
      12.63 Acres

      15 Great Pasture Rd

      INDUSTRIAL (GENERAL) • 12.63 Acres
      15 Great Pasture Rd, Danbury, CT 06810-8127
      View Details

    Similar Nearby for Sale

    • $2,595,000
      17 SF

      Danbury Commercial Property For Sale

      Commercial property for sale with high visibility and easy access.
      52 Newtown Rd, Danbury, CT 06810
      View Details
    • $1,400,000
      13,286 SF

      Danbury Flex Space - $1.4M

      13,286 SF Flex Building, Vacant
      193 Long Ridge Rd, Danbury, CT 06810
      View Details
    • $1,389,000
      8,686 SF

      Danbury Industrial Condo Investment

      8,686 SF Office/Warehouse, 6% Cap Rate
      12 Precision Rd, Danbury, CT 06810
      View Details
    • $745,000
      2,982 SF

      Danbury Industrial/Mixed-Use Opportunity

      Industrial property in IG-80 district, suitable for various operations.
      40A Payne Rd, Danbury, CT 06810
      View Details
    • Contact for pricing
      123,182 SF

      Versatile Industrial and Office Campus

      Office, R&D, industrial, and warehouse space in one campus.
      44-48 Shelter Rock Rd, Danbury, CT 06810
      View Details
    • Contact for pricing
      11,040 SF

      Danbury Industrial Warehouse on 1.2 Acres

      11,040 SF industrial warehouse with outdoor storage potential.
      85 Shelter Rock Rd, Danbury, CT 06810
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,520 SF

      Danbury Flex Space For Rent

      Flex space available in Danbury, close to transportation routes.
      35-41 Starr Rd, Danbury, CT 06810
      View Details
    • $12 SF/Yr
      4,400 SF

      Danbury Office/Flex Space Available

      Recently renovated office/flex space near Danbury Mall and I-84.
      125 Park Ave, Danbury, CT 06810
      View Details
    • $11 SF/Yr
      119,500 SF

      Salame Plaza: Danbury Office Space

      Versatile Danbury spaces available.
      127-131 West St, Danbury, CT 06810
      View Details
    • $16 SF/Yr
      11,103 SF

      Danbury Office Space Available

      Modern Office Suites, Great Location
      18 Great Plain Rd, Danbury, CT 06810
      View Details
    • Contact for pricing
      88,000 SF

      Danbury Industrial Space For Lease

      88,000 SF industrial space available for lease in Danbury.
      43 Old Ridgebury Rd, Danbury, CT 06810
      View Details
    • Contact for pricing
      20,668 SF

      Industrial Space with Outdoor Storage

      115,000 SF building with 1.3 acres of storage.
      2 Great Pasture Rd, Danbury, CT 06810
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    68 Morgan Ave
    Danbury, CT 06810
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.