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    98 Mill Plain Rd Danbury, CT 06811
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    Property profile & analytics

    98 Mill Plain Rd Danbury, CT 06811

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    • Office buildings
    • 21,874 SF
    • 1.00 lot acres
    For Lease
    $3,435,000
    View Listing →
    Office Suites with Private Bathrooms For Lease
    $3,435,000

    Office Suites with Private Bathrooms

    Office suites featuring private windowed offices, conference rooms, and break area.

    98 Mill Plain Rd, Danbury, CT 6811
    View Listing
    Property ID
    US15-1278073
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,435,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Meagan Hoffman / Physician
    • Assurance Center / Insurance Agency
    • Schwing Bioset / Auto Repair Shop / Vehicle Inspection Center
    • Xtreme Cheer CT / Gym & Fitness Center
    • PosiGen / Solar Energy Company

    Property Details for 98 Mill Plain Rd

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    1.00 lot acres
    Property size
    21,874 SF
    Zone code
    CA80
    Property type
    Office buildings
    APN
    DANB M:D14 L:11
    APU
    DANBMD14L11

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,585,000
      ML approach
      $3,585,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,701,000
      Market price range: $2.03M - $3.70M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,850,000
      Current use
      RESTAURANT
      $5,620,000
      Change: +97% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $5,110,000
      Change: +79% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,200,000
      Change: +47% Conversion: Easy
      RETAIL STORES
      $4,065,000
      Change: +43% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,170,000
      Change: +11% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5107
    Latitude
    41.3935
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $48,225
    $626,430
    $1,440,670
    $2,067,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,430 SF

      17 Ml Pln Rd

      OFFICE BUILDING • 1,430 SF
      17 Ml Pln Rd, Danbury, CT 06811-5138
      View Details
    • Value Estimation
      $14,285,000
      88,860 SF

      100 Ml Pln Rd

      OFFICE BUILDING • 88,860 SF
      100 Ml Pln Rd, Danbury, CT 06811-5178
      View Details
    • Value Estimation by Request
      1,302 SF

      16 Padanaram Rd

      OFFICE BUILDING • 1,302 SF
      16 Padanaram Rd, Danbury, CT 06811-4825
      View Details
    • Value Estimation by Request
      1,599 SF

      39 Padanaram Rd

      OFFICE BUILDING • 1,599 SF
      39 Padanaram Rd, Danbury, CT 06811-3701
      View Details
    • Value Estimation
      $2,195,000
      10,414 SF

      44 Ml Pln Rd

      OFFICE BUILDING • 10,414 SF
      44 Ml Pln Rd, Danbury, CT 06811-5140
      View Details
    • Value Estimation by Request
      776 SF

      2 Prindle Ln

      OFFICE BUILDING • 776 SF
      2 Prindle Ln, Danbury, CT 06811-5115
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,360 SF

      Danbury Multi-Parcel Investment Opportunity

      10.5-acre multi-parcel investment opportunity with industrial, office, and residential components.
      41 Padanaram Rd, Danbury, CT 06811
      View Details
    • Contact for pricing
      92,319 SF

      Multi-Tenant Office and Medical Property

      Well-located, four-story office and medical building with value-add potential.
      100 Mill Plain Rd, Danbury, CT 06811
      View Details
    • $1,525,000
      7,609 SF

      Danbury Commercial Land Opportunity

      Prime commercial land in Danbury's active Mill Plain corridor.
      68 Mill Plain Rd, Danbury, CT 06811
      View Details
    • $339,000
      2,310 SF

      West Side Office Condo

      Office condo for sale on the west side.
      27 Mill Plain Rd, Danbury, CT 06811
      View Details
    • $240,000
      2,362 SF

      Turnkey Office Space For Sale

      Fully-furnished office space with flexible layout and prime visibility.
      39 Mill Plain Rd, Danbury, CT 06811
      View Details
    • $339,000
      2,310 SF

      Danbury Office Suite For Sale

      Office suite with private offices, conference room, and kitchenette.
      27 Mill Plain Rd, Danbury, CT 06811
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Danbury Office Building For Rent

      Office building with ample parking and highway access available for rent.
      432 N Main St, Danbury, CT 06811
      View Details
    • Contact for pricing

      Redevelopment Parcel on Mill Plain

      Highly visible redevelopment parcel with existing income and future potential.
      103 Mill Plain Rd, Danbury, CT 06811
      View Details
    • Contact for pricing

      Versatile Flex Space Available

      Adaptable space suitable for flex, industrial, office, or retail.
      144 Old Brookfield Rd, Danbury, CT 06811
      View Details
    • $1,000 /Mo
      400 SF

      Danbury Office Space For Rent

      Office space available for rent in Danbury, Connecticut.
      40 Lake Avenue Ext, Danbury, CT 06811
      View Details
    • $12 SF/Yr
      3,469 SF

      Versatile Space with Loading Dock

      Industrial/office/retail space with highway visibility and loading dock.
      144 Old Brookfield Rd, Danbury, CT 06811
      View Details
    • $1,500 /Mo
      879 SF

      Remodeled Office Suite For Rent

      Remodeled office suite featuring private offices, open area, and kitchenette.
      36 Mill Plain Rd, Danbury, CT 06811
      View Details
    View Listing
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    98 Mill Plain Rd
    Danbury, CT 06811
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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