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

    Litchfield Road Watertown, CT 06795

    View on Map
    Claim this Listing
    For Sale
    $1,200,000

    LAND - Watertown, CT

    Lot size:
    83.99 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    38
    Last Refresh:
    Apr 12 at 1:06 pm

    Property Features for Litchfield Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R 30
    Standard status
    Active
    Lot size
    83.99 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    8001

    Utilities

    Utilities
    Cable Available, Phone Available
    Water source
    Well Needed
    Water front
    1

    We can help!

    Listing Contact
    Robert Ghent

    Listing agent Robert Ghent License #REB.0790043

    Listing office Ghent Realty Advisors 555 Heritage Road, Suite 5, Waterbury, CT

    Listing date Mar 5, 2026

    MLS# 24155266

    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

    Watertown Land Development Opportunity

    This is an opportunity to acquire and develop 84.01 acres of land on Litchfield Road in Watertown, Connecticut. A portion of the land with frontage, consisting of 27.38 acres, is zoned R-30. The other portion, consisting of 56.63 acres, is situated in the R-70 Zone and has frontage on Butternut Lane. This expansive parcel offers potential for a private estate or a residential subdivision, subject to town approvals. Located along one of Watertown's scenic corridors, the property provides a blend of natural beauty and development flexibility. With generous acreage and R30 zoning (minimum 30,000 sq ft lot size), this site is positioned for multiple building lots or a secluded single-family compound surrounded by a New England landscape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Watertown
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.12147
    Latitude
    41.610203

    Nearby Similar for Sale

    • $69,900
      588 SF

      Retail/Office Condo in Downtown Watertown

      588 SF commercial condo in a thriving mixed-use center.
      51 Depot Street unit: 106, Watertown, CT 06795
      View Details
    • $8,000,000

      Watertown Commercial Land Opportunity

      Large commercial land for sale in Watertown Business Park.
      Frost Bridge Road, Watertown, CT 06795
      View Details
    • $99,000

      Watertown Land: Build Your Dream

      2.75 acre lot in Oakville, perfect for your dream home.
      Old Colonial Road, Watertown, CT 06795
      View Details
    • $70,000

      Vacant Land Parcel For Sale

      Vacant land parcel zoned residential general in Watertown, CT.
      Falls Avenue, Watertown, CT 06795
      View Details
    • $10,000

      Residential Lot in Oakville

      Sloping, wooded lot in established residential neighborhood.
      Saugus Avenue, Watertown, CT 06795
      View Details
    • $660,000
      4,140 SF

      Medical Office Building For Lease

      Fully built out medical office building, move-in ready.
      70 Heminway Park Rd, Watertown, CT
      View Details
    • $800,000
      7,182 SF

      Modern Office Space with Elevator

      7,182 +/- SF office space on well-traveled Route 63.
      365 Main St, Watertown, CT
      View Details
    • $4,330,000

      Watertown Land Development Opportunity

      17.29 acres in Watertown, CT, ideal for multifamily development.
      741 Echo Lake Road, Watertown, CT 06795
      View Details
    • $995,000
      12,500 SF

      Watertown Industrial Building For Sale

      12,500 SF industrial building ideal for manufacturing or assembly.
      184 Commercial St, Watertown, CT
      View Details
    • $349,900
      5,031 SF

      Main Street Office/Retail Building

      5,031 SF office/retail building on Main Street for sale.
      169 Main St, Watertown, CT
      View Details
    • $59,000
      2,601 SF

      Established Pottery and Ceramics Studio

      Profitable pottery and ceramics studio with established niche business.
      27 Siemon Company Dr, Watertown, CT
      View Details
    • $500,000

      25 Acres in Litchfield County

      Pristine land with meadows, stone walls, and road frontage.
      1604 Bunker Hill Road, Watertown, CT 06795
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 84 acres of land for development in Watertown, Connecticut.
    Where is this residential land & home lot located?
    The property is located at Litchfield Road Watertown, CT.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 84.01 acres of land in Watertown, Connecticut, offering significant development potential.; Zoned for residential development with R‑30 and R‑70 zoning, allowing for flexibility in building lot sizes.; Potential for a private estate or residential subdivision (subject to town approvals).
    (203) 543-2847
    We can help!
    Listing Contact
    Robert Ghent
    Real Estate License ID: REB.0790043
    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!