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Property profile & analytics
OFF-MARKET
Estimated value
$4,440,000
Industrial properties
70 Backus Ave Danbury, CT 06810-7329
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0599222
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1993
Construction
CONCRETE
Total area
33,792 SF
Lot
3.5 ac (152,460 SF)
Zoning code
IL40
APN
DANB M:E18 L:14
UPID
US15-0599222
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
-
FedEx Ship Center Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.39M
Blend (final)
Blend
$4.44M
Owner & transaction history
70 Backus Avenue LLC · 2 yrs held
70 Backus Avenue LLC
since 2023
Last sale
$4.6M
5 recorded transactions
Zoning & alternative use
IL40 · Danbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.4M
+89.7%
Retail stores
$6.3M
+85.5%
Commercial (general)
$4.9M
+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
$4,365,000
ML approach
$4,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,385,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,425,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$6,280,000
Change: +85% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,940,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$4,455,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$4.44M
Range $4.00M – $4.88M · ±10% · vs last sale $4.63M (Oct 16 2023)
Last sale anchor
$4.63M
Oct 16 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
$131 / 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
$80,886
Tax year 2023
Assessed value
$3,467,030
Assessed 2023
Previous assessed
$3,467,030
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$1,158,010
Assessed improvement
$2,309,020
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
Off-Market
Year built
1993
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
33,792 SF
Lot
3.5 ac (152,460 SF)
Zoning code
IL40
APN
DANB M:E18 L:14
UPID
US15-0599222
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
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
RETAIL STORES
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.5M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1993
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
70 Backus Avenue LLC
Entity
Mailing address
70 BACKUS AVE DANBURY
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
$4,625,000
70 Backus Avenue LLC
Danbury Property LLC
Warranty Deed
$3,300,000 · Torrington Savings Bank
Apr 4, 2002
$3,100,000
Joshua Way 1150
Zabdi LLC
Warranty Deed
$1,600,000 · Hudson United Bank
Oct 2, 1998
—
Dxr Corp
—
Deed Of Trust
related
$2,400,000 · Savings Bank Of Danbury
Mar 2, 1995
$3,050,000
Zabdi
Dxr Corp
Warranty Deed
$2,200,000 · Metlife Capital Corp
Apr 20, 1993
—
Dxr Corp
—
Deed Of Trust
related
$2,200,000 · Union Savings Bank Danbury
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.
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