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Property profile & analytics

7 Kent Rd New Milford, CT 06776-3405

  • Showrooms
  • 3,260 SF
  • 0.95 lot acres
OFF-MARKET
Last Sale
Jul 28, 2022
$415,000
Value Estimations
$460,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US15-0323504
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 7 Kent Road Estate Gallery & Home Décor Thrift Annex / Art Gallery / Antique Furniture Store
  • Lynn Spa / Massage Spa
  • Litchfield County Pickers / Store

Property Details for 7 Kent Rd

Year built
1929
Construction
FRAME
Lot size
0.95 lot acres
Property size
3,260 SF
Zone code
B1
Property type
Showrooms
APN
NMIL M:28-3 L:23
APU
NMILM283L23

Description

This exceptional 3,134 square foot retail building, situated on a 0.95-acre lot at 7 Kent Rd, New Milford, CT 06776, presents a unique leasing opportunity. Boasting a highly visible location at the intersection of Route 7, Route 202, and Bridge Street, directly across from the Big Y Shopping Center, this property offers unparalleled access to New Milford, Litchfield County, Brookfield, and Danbury. The building, constructed in 1929 and extensively renovated in 2021, features a single-tenant occupancy with 1,818 square feet currently available. Recent renovations include new flooring, paint, electrical, plumbing, HVAC systems, siding, and a new front door. The interior comprises three large rooms, a kitchenette, an attractive entryway, a private bathroom, and two small second-floor offices. The property benefits from city sewer and water connections, and two convenient driveway cuts directly onto Kent Road. Ample parking is provided with 22 spaces. The space is zoned B1 and is ideally suited for a variety of retail and service-based businesses. Lease rate is $20 per square foot, plus utilities. This is a remarkable opportunity to establish a thriving business in a high-traffic, highly visible location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $505,000
    ML approach
    $460,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $322,000
    Market price range: $318k - $616k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $465,000
    Current use
    OFFICE BUILDING
    $380,000
    Change: -18% Conversion: Easy
    RETAIL STORES
    $370,000
    Change: -20% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
New Milford
County
Litchfield
State
Connecticut
Longitude
-73.4197
Latitude
41.5752
CBSA code
45860
CBSA name
TORRINGTON, CT MICROPOLITAN 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
$6,043
$105,970
$102,550
$208,520
-
$0.00
$0.00
$0.00
More about this property
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