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Property profile & analytics
FOR SALE
Industrial properties
68 Morgan Ave Danbury, CT 06810
Entity Owned
2-yr Hold
Free & Clear
Property ID
US15-0917592
For Sale
1 / 2
$785,000
68 Morgan Ave, Danbury, CT 06810
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
FRAME
Total area
4,800 SF
Lot
1.5 ac (65,340 SF)
Zoning code
IL40
APN
DANB M:K11 L:96
UPID
US15-0917592
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
-
The Retrospect Insurance Group Insurance Agency
-
Retrospect Group (Bike/Boat/Book/etc) Store Party Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$785k
Owner & transaction history
Cdj Re 68 Morgan LLC · 2 yrs held
Cdj Re 68 Morgan LLC
since 2023
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
IL40 · Danbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+133.1%
Retail stores
$890,000
+85.5%
Commercial (general)
$700,000
+45.9%
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
Method
Estimation
Statistic approach
$755,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $800k (Oct 17 2023)
Last sale anchor
$800k
Oct 17 2023
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
$164 / 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
$9,451
Tax year 2023
Assessed value
$405,090
Assessed 2023
Previous assessed
$405,090
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$226,870
Assessed improvement
$178,220
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
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1980
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Total area
4,800 SF
Lot
1.5 ac (65,340 SF)
Zoning code
IL40
APN
DANB M:K11 L:96
UPID
US15-0917592
Jurisdiction
DANBURY
Zoning & alternative use
IL40 · Danbury, CT
Zoning IL40 · permitted uses
IL40 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$700,000
OFFICE BUILDING
Est. value
$635,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Cdj Re 68 Morgan LLC
Entity
Free & Clear · 2 yrs held
Mailing address
84 FEDERAL RD, DANBURY, CT 06810-5034
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
$800,000
Cdj Re 68 Morgan LLC
Hawla LLC
Warranty Deed
—
Apr 4, 2011
$558,000
Hawla LLC
Underhill,john B
Warranty Deed
—
May 7, 1999
—
John Underhill
—
Deed Of Trust
related
$197,000 · Village Bank & Trust
May 3, 1993
$365,000
John B Underhill
Pesak,bert
Warranty Deed
$250,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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