Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    86 Water Street Torrington, CT 06790

    View on Map
    For Lease
    $850 /Mo

    COMMERCIAL - Torrington, CT

    Property size:
    600 SF
    Lot size:
    0.07 Acres
    Added:
    Feb 4, 2026
    Days on Market:
    56
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 86 Water Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    DD
    Standard status
    Active
    Size
    600 SF
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    4
    Flooring type
    Vinyl

    We can help!

    Listing Contact
    Jaquan Jones

    Listing agent Jaquan Jones License #RES.0807642

    Listing office RE/MAX Right Choice 3885 Main Street, Trumbull, CT

    Listing date Feb 4, 2026

    MLS# 24152579

    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.

    Overview

    Downtown Torrington Commercial Space Available

    Located in downtown Torrington, this commercial space offers approximately 600 square feet suitable for retail, professional office, salon, studio, wellness, or service-based businesses. The space's flexible layout allows for customization to suit various business uses, including boutique retail, creative studios, consulting offices, or grab-and-go food concepts, subject to approvals. The property benefits from strong visibility and walk-in traffic. It is located near shops, restaurants, offices, and municipal buildings. An opportunity exists to combine this unit with an adjoining unit to create a combined space of approximately 1,200 square feet. The property is suitable for owner-users, startups, or investors seeking a presence in a growing downtown corridor. The lot size is 0.07 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Superior-Clean HVAC Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.12368
    Latitude
    41.80164

    Nearby Similar for Lease

    • Contact for pricing

      Medical Office in Downtown Torrington

      Meticulously maintained medical office building near hospital with apartment.
      95 New Litchfield Street, Torrington, CT 06790
      View Details
    • Contact for pricing

      Downtown Torrington Commercial Space Available

      Versatile 600 sq ft commercial space in downtown Torrington.
      86 Water Street, Torrington, CT 06790
      View Details
    • Contact for pricing

      Updated Office Space For Rent

      First-floor office space with amenities in professional building near amenities.
      444 Prospect Street #A, Torrington, CT 06790
      View Details
    • Contact for pricing

      Eastside Commercial Space For Rent

      Move-in ready commercial space in high-traffic Eastside location.
      1083 E Main St C-2, Torrington, CT 06790
      View Details
    • Contact for pricing

      Torrington Flex Space with Loading

      Flex space featuring loading dock, office, and basement storage.
      132 Franklin Street, Torrington, CT 06790
      View Details
    • Contact for pricing

      Renovated Retail/Office Space Available

      Newly renovated space with high visibility and ample parking.
      835 New Harwinton Road, Torrington, CT 06790
      View Details
    • Contact for pricing

      Torrington Office or Retail Space

      High-visibility, customizable space in a well-maintained mixed-use building.
      835 New Harwinton Road, Torrington, CT 06790
      View Details
    • Contact for pricing

      Modern Commercial Unit in Downtown

      Two-story commercial unit in vibrant downtown district with parking.
      122 Franklin Street, Torrington, CT 06790
      View Details
    • Contact for pricing

      Downtown Torrington Commercial Space Available

      Ground level commercial space for lease in downtown Torrington.
      257 Main Street #105, Torrington, CT 06790
      View Details
    • Contact for pricing

      Retail Building with Ample Parking

      Single-story retail building with parking available for lease.
      2407 Winsted Road, Torrington, CT 06790
      View Details
    • Contact for pricing

      Downtown Torrington Restaurant/Retail Space

      First-floor restaurant or retail space in vibrant downtown location.
      20 East Main Street, Torrington, CT 06790
      View Details
    • Contact for pricing

      Main Street Office/Retail Space

      800 sq ft office/retail space in a 3-unit building.
      286 Main Street, Torrington, CT 06790
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile commercial space in downtown Torrington, suitable for various businesses.
    Where is this retail space located?
    The property is located at 86 Water Street Torrington, CT.
    What is the lease rate?
    The lease rate is $850 /Mo.
    What are key features of this property?
    This property features: Prime downtown Torrington location with **high visibility and walk‑in traffic**.; Versatile 600 sq ft commercial space suitable for various businesses.; Opportunity to combine with adjoining unit to create a larger 1,200 sq ft space.
    (203) 568-5727
    We can help!
    Listing Contact
    Jaquan Jones
    Real Estate License ID: RES.0807642
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!