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Property profile & analytics
OFF-MARKET
Estimated value
$3,435,000
Office buildings
98 Ml Pln Rd Danbury, CT 06811-6101
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-1278073
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
21,874 SF
Lot
1 ac (43,560 SF)
Zoning code
CA80
APN
DANB M:D14 L:11
UPID
US15-1278073
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.70M
Blend (final)
Blend
$3.44M
Owner & transaction history
98 Mill Plain Road LLC · 4 yrs held
98 Mill Plain Road LLC
since 2021
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
CA80 · Danbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+97.0%
Auto repair, garage
$5.1M
+79.2%
Apartment house (5+ units)
$4.2M
+47.3%
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
$3,585,000
ML approach
$3,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$3.44M
Range $3.09M – $3.78M · ±10% · vs last sale $3.15M (Oct 28 2021)
Last sale anchor
$3.15M
Oct 28 2021
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
$157 / 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
$48,225
Tax year 2023
Assessed value
$2,067,100
Assessed 2023
Previous assessed
$2,067,100
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$626,430
Assessed improvement
$1,440,670
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
12
Total area
21,874 SF
Lot
1 ac (43,560 SF)
Zoning code
CA80
APN
DANB M:D14 L:11
UPID
US15-1278073
Jurisdiction
DANBURY
Zoning & alternative use
CA80 · Danbury, CT
Zoning CA80 · permitted uses
CA80 · 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
OFFICE BUILDING Current
Est. value
$2.9M
RESTAURANT
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
RETAIL STORES
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
12
Lot
1 ac
Current owner
From public records · entity-resolved
98 Mill Plain Road LLC
Entity
Mailing address
98 ML PLN RD, DANBURY, CT 06811-6101
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
—
98 Mill Plain Road LLC
—
Deed
related
$3,300,000 · Torrington Savings Bank
Oct 28, 2021
$3,150,000
98 Mill Plain Road LLC
Veska LLC
Warranty Deed
$2,362,500 · Torrington Savings Bank
Aug 29, 2008
$3,200,000
Robert P Guerrera
John&delia Addessi LLP
Grant Deed
—
Sep 4, 2003
$1,390,000
46 Mill Plain LLC
Jcm JR Properties
Warranty Deed
$1,042,000 · Wachovia Mortgage Co
Jul 26, 2000
—
Properties LP Jcm JR.
—
Deed Of Trust
related
$800,000 · Savings Bank Of Danbury
Mar 25, 1999
$1,175,000
Prop LP Jcm JR.
Jd Addessi Family LP
Warranty Deed
—
Dec 2, 1988
—
John Addessi
—
Deed Of Trust
related
$2,400,000 · Union Trust Co
Jun 16, 1988
$550,000
John Addessi
Peltz Harvey Est
Grant Deed
$625,000 · Union Trust Co
Feb 24, 1988
$1,150,000
Thomas Mccluskey Const
890 Realty Co
Grant Deed
—
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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