Property profile

80 Pickett District Rd New Milford, CT 06776

FOR SALE
Industrial properties
Property ID
US15-0501152
60,767 SF 8 ac lot Built 1956
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 63,267-square-foot industrial facility in New Milford offers unparalleled accessibility and convenience, situated just off Route 7 and 12 miles from I-84. Originally built in 1956 and extensively renovated in 2020, this Class B property features flexible space subdividable to approximately 10,000 square feet, making it ideal for a variety of industrial uses. The building boasts five loading docks, two drive-in doors, and generous ceiling heights of 17-18 feet. Modern amenities include multiple bathrooms, a cafeteria, executive and bullpen offices, a showroom, and a central reception area. The property also includes ample paved parking. State-of-the-art infrastructure supports operations, featuring a full HVAC system, metered electric service, city water and septic, a 277/480-volt power supply with backup generator, and a full sprinkler system. Situated on 8 acres of RI-zoned land, this property offers significant expansion potential (estimated 40,000 square feet). Leasing is available at $10.75 per square foot (modified gross), and a purchase option is available at $6,750,000. The property's location provides easy access to Danbury, Brookfield, Roxbury, Bridgewater, and Kent, offering proximity to restaurants and city services. This versatile industrial space presents a prime opportunity.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1956
Construction STEEL FRAME
Total area 60,767 SF
Lot 8 ac (348,480 SF)
Zoning code RI
APN NMIL M:18-4 L:38
UPID US15-0501152

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Group
  • Big Box & Wholesale Store

Location

80 Pickett District Rd New Milford, CT 06776
New Milford metro Census 425700 TORRINGTON, CT MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.43M
Blend (final) Blend
$1.02M

Owner & transaction history

since 2018
6 recorded transactions
2018
Price N/A
2017
Price N/A
2012
Price N/A
2000
Price N/A
2000
$1.3M
1969
Price N/A

Zoning & alternative use

RI · New Milford, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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