Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Litchfield Mixed-Use Commercial Building Title is generated by Realmo AI

    928 Bantam Road, Litchfield, CT 06750

    View on Map
    Claim this Listing
    For Sale
    $700,000

    COMMERCIAL - Litchfield, CT

    Property size:
    3,024 SF
    Lot size:
    3.57 Acres
    Price / SF:
    $231/SF
    Added:
    Jan 3, 2026
    Days on Market:
    154
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 928 Bantam Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B1
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 2, Bathroom 1
    Parking
    15
    Interior features
    Living Space Available
    Exterior features
    Gutters,Lighting,Underground Sprinkler
    Standard status
    Active
    Size
    3,024 SF
    Lot size
    3.57 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    7217

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Wall Unit(s), Central Air
    Water source
    Private

    Building Details

    Year built
    2007
    Floors in Building
    2
    Flooring type
    Carpet - Full, Vinyl, Tile, Wood

    We can help!

    Listing Contact
    Kim D'andrea

    Listing agent Kim D'andrea License #RES.0781717

    Listing office William Pitt Sotheby's Int'l 10 South Street, P.O. Box 275, Litchfield, CT

    Listing date Jan 3, 2026

    MLS# 24146157

    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

    • Mixed‑use commercial building with established business and two apartments for diversified rental income.
    • Located on 3.57 acres in the desirable Borough of Bantam.
    • Substantial 5,727 square foot parking lot (approximately 15 spaces).
    • Two one‑bedroom apartments each with private rear deck and peaceful meadow views.
    • Lower level with dedicated laundry, half bath, and ample storage space with potential for conversion.
    • Accessibility features including ramps, handicap parking, and accessible bath.

    Overview

    This well-maintained commercial building, situated on 3.57 acres in Bantam, Litchfield, Connecticut, offers mixed-use potential. The property features an established commercial business on the main level, along with two one-bedroom apartments on the upper level, providing diversified rental income. Each apartment includes a private rear deck with meadow views. Tenants have access to a dedicated laundry area and a half bath in the lower level. The lower level also provides ample storage space, which could potentially be converted for additional rental income. The property includes a 5,727 square foot parking lot with approximately 15 spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bantam Salon & Spa Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.241701
    Latitude
    41.723597

    Nearby Similar for Sale

    • $700,000

      Mixed-Use Property in Bantam Borough

      Mixed-use property with commercial space and residential apartments.
      928 Bantam Rd, Litchfield, CT 06750
      View Details
    • $645,000
      4,050 SF

      Litchfield Historic District Mixed-Use Property

      Commercial property with office spaces and residential apartment.
      82 Meadow Street, Litchfield, CT 06759
      View Details
    • $700,000
      3,024 SF

      Mixed-Use Property in Bantam Borough

      Well-maintained commercial building with mixed-use potential on 3.57 acres.
      928 Bantam Road, Litchfield, CT 06750
      View Details
    • $349,900
      1,430 SF

      Bantam Duplex: Investment Opportunity

      Well-maintained duplex in Bantam with reliable tenants and new roof.
      161 Circle Drive, Litchfield, CT 06750
      View Details
    • $595,000
      4,050 SF

      Mixed-Use Historic Office Building

      Historic District office building with multiple leased offices and an on-site apartment.
      82 Meadow Street, Litchfield, CT 06759
      View Details
    • $2,800,000
      17,990 SF

      Residential Care Home Opportunity

      Licensed group home with 68-resident capacity for sale.
      400 Torrington Road, Litchfield, CT 06759
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and residential apartments in Litchfield.
    Where is this mixed-use property located?
    The property is located at 928 Bantam Road Litchfield, CT.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Mixed‑use commercial building with established business and two apartments for diversified rental income.; Located on 3.57 acres in the desirable Borough of Bantam.; Substantial 5,727 square foot parking lot (approximately 15 spaces).
    (860) 459-4221
    We can help!
    Listing Contact
    Kim D'andrea
    Real Estate License ID: RES.0781717
    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
    928 Bantam Road, Litchfield, CT 06750
    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!