Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Killingly Commercial Land For Sale Title is generated by Realmo AI

    842 Hartford Pike, Killingly, CT 06241

    View on Map
    Claim this Listing
    For Sale
    $2,816,000

    COMMERCIAL - Killingly, CT

    Lot size:
    11.00 Acres
    Added:
    Jan 13, 2026
    Days on Market:
    142
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 842 Hartford Pike

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    GC
    Standard status
    Active
    Lot size
    11.00 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    858

    We can help!

    Listing Contact
    Derek Greene

    Listing agent Derek Greene License #REB.0016396

    Listing office Derek Greene 4 Field Way, Townsend, CT

    Listing date Jan 13, 2026

    MLS# 24148754

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Versatile Development Potential: Ideal for professional/medical offices, retail, restaurants, multi‑family units, and other uses (subject to zoning regulations).
    • High Visibility: More than sufficient "Sightline" along the highway.
    • Sewer Access: Easements to public sewer line across the highway.
    • Owner/Agent will consider a "Land Lease" subject to acceptable terms.
    • Potential for Large Project: Up to 48+/- additional adjacent acres available.
    • Favorable Topography: Property is basically level and gently sloping.

    Overview

    This property features approximately 11 acres of level to gently sloping land, presenting an ideal site for development. Permitted uses include professional or medical offices, dental practices, clinics, retail outlets, restaurants, and multi-family units. Subject to a special permit, the site could also accommodate banks, hotels and motels, self-service storage facilities, and distribution centers. Interested parties should consult Sections 430 and 420.1 of the Killingly Zoning Regulations for a comprehensive list of permitted uses and restrictions. The property benefits from significant sightlines along the highway. Easements are in place for a public sewer line that crosses the highway through other property owned by the same landowner. An additional 48+/- adjacent acres are available for assemblage to support a larger project. The owner/agent is open to considering a land lease, subject to mutually acceptable terms and conditions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Killingly
    County
    Windham
    State
    Connecticut
    Longitude
    -71.86546
    Latitude
    41.839745

    Nearby Similar for Sale

    • $450,000
      3,897 SF

      Renovated Multifamily Property in Killingly

      Three renovated units with modern updates and convenient location.
      69 Winter Street, Killingly, CT 06239
      View Details
    • $325,000
      2,542 SF

      Two-Family Residential Income Property

      Two well-maintained units with a yard offer flexible living and rental income potential near major roadways.
      85 Furnace Street, Killingly, CT 06239
      View Details
    • $1,300,000

      Prime Commercial Land Opportunity

      High-visibility commercial land parcel in Killingly, CT for sale.
      20 Wauregan Road, Killingly, CT 06239
      View Details
    • $1,100,000
      12,800 SF

      Killingly Commercial Building on 20 Acres

      Versatile industrial facility on 20 acres, move-in ready.
      24 Doring Drive, Killingly, CT 06239
      View Details
    • $450,000

      Killingly Mixed-Use Redevelopment Opportunity

      Mixed-use building in prime location with redevelopment potential.
      444 Hartford Pike, Killingly, CT 06241
      View Details
    • $269,900
      2,009 SF

      Killingly Multi-Family Investment Opportunity

      Two-unit property with potential for increased rental income.
      170 Maple Street, Killingly, CT 06239
      View Details
    • $949,900
      10,980 SF

      Mixed-Use Opportunity in Downtown Danielson

      Mixed-use property with ample parking and updated features.
      113 School Street, Killingly, CT 06239
      View Details
    • $895,000
      3,322 SF

      Former Church with Function Hall

      Former church with function hall, restaurant, house, and barn.
      350 Hartford Pike, Killingly, CT 06241
      View Details
    • $595,000
      4,765 SF

      Killingly Gas Station/Retail Opportunity

      Gas station/retail location off I-395 in Killingly, CT.
      124 Westcott Road, Killingly, CT 06239
      View Details
    • $380,000

      Killingly Two-Family Home For Sale

      Well-maintained two-family home with modern amenities and convenient location.
      36 Church St, Killingly, CT 06241
      View Details
    • $1,975,000

      Established Quarry in Killingly, CT

      Profitable, permitted quarry operation with high-demand tan stone.
      94 Hubbard Hill Road, Killingly, CT 06239
      View Details
    • $399,999
      3,743 SF

      Historic Downtown Corner Property

      Showpiece property with historic character and updated amenities.
      181 Main Street, Killingly, CT 06239
      View Details

    FAQs

    What type of property is this?
    Commercial land - Level land ideal for development in Killingly, Connecticut.
    Where is this commercial land located?
    The property is located at 842 Hartford Pike Killingly, CT.
    What is the asking price?
    The asking price for this property is $2,816,000.
    What are key features of this property?
    This property features: Versatile Development Potential: Ideal for professional/medical offices, retail, restaurants, multi‑family units, and other uses (subject to zoning regulations).; High Visibility: More than sufficient "Sightline" along the highway.; Sewer Access: Easements to public sewer line across the highway.
    (860) 560-1006
    We can help!
    Listing Contact
    Derek Greene
    Real Estate License ID: REB.0016396
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    842 Hartford Pike, Killingly, CT 06241
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!