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Property profile & analytics
OFF-MARKET
Showrooms

7 Pickett District Rd New Milford, CT 06776-4452

4,360 SF 0.48 ac lot Built 1960
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US15-0314016
Property summary
AI-generated overview

This 4,360 sq ft vacant industrial building in New Milford, CT, is situated on a 0.49-acre lot zoned B-2. The property features a large level parking area, full basement, and attic storage, offering ample space for various uses. Currently vacant, it's ready for redevelopment following interior demolition. A feasibility study has been completed for a potential new 4,875 sq ft building. The property boasts excellent signage visibility from its location just off Route 7. Suitable for a wide range of businesses, including auto repair, light manufacturing, warehousing, and professional offices (medical, dental, legal, financial, or outpatient medical facilities). The building includes electric heat pump central A/C, city sewer, and well water (city water is available in the street). Annual property taxes are $10,746. The property is available for sale by owner and offers an ideal opportunity for businesses seeking flexible space in a desirable location. Occupancy is available September 27, 2024. The asking price is $489,000.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1960
Construction FRAME
Total area 4,360 SF
Lot 0.48 ac (20,788 SF)
Zoning code B2
APN NMIL M:22-4 L:14
UPID US15-0314016
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
  • Paul F. Dobies, DPM Physician
  • Dr. Rihamary Jimenez Physician
  • Dr. Allan S. Phillips Orthodontics Dental Office
  • Foot & Ankle Specialists: Treadwell Joseph DPM Physician
  • Charles W. Scott, DPM Physician
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Gracedae LLC · 1 yrs held
Gracedae LLC
since 2025
Last sale
$385,000
4 recorded transactions
2025
Price N/A
2025
$385,000
2022
Price N/A
1999
$435,000
Zoning & alternative use
B2 · New Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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