Entity Owned Property summary
This exceptional 6,415-square-foot freestanding building is ideally situated in downtown New Milford, Connecticut, at 77 Railroad St, 06776. Currently operating as a dance studio and music academy, this versatile property presents a unique opportunity for a variety of retail, office, or medical uses. Its prime downtown location offers excellent visibility and accessibility, enhanced by its adjacency to municipal parking and proximity to numerous shops and restaurants. The building underwent… a complete renovation in 2012/2013. Features include approximately 6,000 square feet of retail space on the main level and an additional approximately 3,000 square feet of full basement storage. The property boasts three bathrooms, two of which are handicap accessible, ensuring inclusivity. Modern conveniences include city water and sewer, updated sprinkler systems, and propane heat. The building is also handicap accessible. The asking price is $575,000, representing a price per square foot of $89.63. This is a modified leasehold property with a multi-tenancy structure and no remaining lease term. The current occupancy is 100%. This is a rare opportunity to acquire a fully renovated, well-located commercial property in a thriving downtown area.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 8 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 6,415 SF
- Lot area
- 0.14 ac
- Year built
- 1880
- Stories
- 2
- APN
- NMIL M:35-2 L:6
- Zoning
- B1
- Assessed value · 2023
- $321,220
- Annual tax · 2023
- $9,309
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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