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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Parking lots & garages
703 Danbury Rd Ridgefield, CT 06877-2737
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0268636
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2004
Construction
CONCRETE
Total area
10,800 SF
Lot
1.75 ac (76,230 SF)
Zoning code
B-2
APN
RIDG M:G08 B:0005
UPID
US15-0268636
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
-
Drain Surgeon Plumbing & Heating LTD Plumbing Service General Contractor
-
Ridgefield Overhead Doors LLC Building Supply General Contractor
-
Sunburst Plumbing & Heating Plumbing Service General Contractor
-
Ridgefield Door Systems Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.67M
Owner & transaction history
Tgsk Danbury Road LLC · 12 yrs held
Tgsk Danbury Road LLC
since 2014
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
B-2 · Ridgefield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+88.3%
Restaurant
$1.6M
+48.6%
Auto repair, garage
$1.1M
+1.4%
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 Ridgefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgefield 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
$1,790,000
ML approach
$1,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,075,000
Current use
COMMERCIAL (GENERAL)
$2,025,000
Change: +88% · Conversion: Difficult
RESTAURANT
$1,595,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,090,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±10% · vs last sale $1.55M (Sep 2 2020)
Last sale anchor
$1.55M
Sep 2 2020
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
$154 / 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
$23,035
Tax year 2023
Assessed value
$892,500
Assessed 2023
Previous assessed
$892,500
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$461,860
Assessed improvement
$430,640
Applied tax rate
131.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Rooms
8
Bathrooms
2
Total area
10,800 SF
Lot
1.75 ac (76,230 SF)
Zoning code
B-2
APN
RIDG M:G08 B:0005
UPID
US15-0268636
Jurisdiction
RIDGEFIELD
Zoning & alternative use
B-2 · Ridgefield, CT
Zoning B-2 · permitted uses
B-2 · Ridgefield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridgefield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.1M
PARKING LOT Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2004
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
8
Bathrooms
2
Lot
1.75 ac
Current owner
From public records · entity-resolved
Tgsk Danbury Road LLC
Entity
Free & Clear · 12 yrs held
Mailing address
5 CROSS ST, NORWALK, CT 06851-4610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2014
—
Tgsk Danbury Road LLC
Peloquin,paul
Quit Claim Deed
related
—
Jul 17, 2008
—
Tgsk Danbury Road LLC
—
Deed Of Trust
related
$925,000 · Ffld County Bank Corp
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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