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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Retail space
78 Lk Ave Danbury, CT 06810-3312
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-1019351
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
FRAME
Total area
5,120 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CN5
APN
DANB M:G15 L:126
UPID
US15-1019351
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
-
Accenté Salon Ridgefield Hair Salon Nail Salon
-
Gastronomia Paty Paty Restaurant
-
Spiritually Healing hands Alternative Medicine Practice Spa & Massage Center
-
Drake Skidsteer Rental Construction Company
-
The Washboard Laundry Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$927k
Blend (final)
Blend
$1.20M
Owner & transaction history
Shree Gajanan Realty LLC · 2 yrs held
Shree Gajanan Realty LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CN5 · Danbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+38.2%
Auto repair, garage
$1.2M
+25.7%
Apartment house (5+ units)
$975,000
+2.3%
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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$950,000
Current use
RESTAURANT
$1,315,000
Change: +38% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,195,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$975,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Jun 12 2024)
Last sale anchor
$1.20M
Jun 12 2024
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
$234 / 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
$13,821
Tax year 2023
Assessed value
$592,410
Assessed 2023
Previous assessed
$592,410
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$297,710
Assessed improvement
$294,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
5,120 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CN5
APN
DANB M:G15 L:126
UPID
US15-1019351
Jurisdiction
DANBURY
Zoning & alternative use
CN5 · Danbury, CT
Zoning CN5 · permitted uses
CN5 · 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
RETAIL STORES Current
Est. value
$950,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$975,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
0.45 ac
Current owner
From public records · entity-resolved
Shree Gajanan Realty LLC
Entity
Mailing address
78 LK AVE, DANBURY, CT 06810-3312
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
$1,200,001
Shree Gajanan Realty LLC
Melther 78 LLC
Warranty Deed
$725,000 · Thomaston Savings Bank
May 15, 2017
—
Melther 78 LLC
—
Deed
$720,000 · Savings Bk/danbury
Apr 3, 2014
$750,000
Paul F Garguilo
Larson Investments LLC
Warranty Deed
$375,000 · Union Savings Bank
Mar 26, 2003
$600,000
Larson Investments
Clcf Assoc LLC
Warranty Deed
$500,000 · New Milford Savings Bank
Sep 3, 1996
$342,000
Clcf Assoc
Iacuri,andre A
Warranty Deed
$147,000 · Zenon Grzybowski
Sep 3, 1996
—
Clcf Assoc
—
Deed Of Trust
related
$200,000 · Zwi Kohorn
—
—
Melther 78 LLC
—
Deed Of Trust
$720,000 · Savings Bk/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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