Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    Under Mountain Rd Salisbury, CT 06068

    Sponsored
    For Sale
    $1,950,000

    Residential Land - Salisbury, CT

    Lot size:
    57.86 Acres
    Days on Market:
    117
    Last Refresh:
    Jan 22 at 6:06 pm

    Property Features for Under Mountain Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    res
    APN
    2744087
    Lot size
    57.86 Acres

    Utilities

    Water front features
    Beach Rights, Brook, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Graham Klemm

    Klemm Real Estate (860) 868-7313 [email protected]

    Listing agent Graham Klemm (860) 868-7313

    Listing date Sep 28, 2025

    MLS# 24079185 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Residential Land with Open Pasture

    This property, known as 'The Secret Field', features a mix of light woods and open grassland. It offers eastern and southern views and includes a small stream. The land is situated away from the road and is located 5 minutes from the village of Salisbury, CT. The property abuts major estates and larger parcels and is zoned for residential use. The lot size is 57.86 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Salisbury
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.423572
    Latitude
    41.984796

    Nearby Similar for Sale

    • $995,000
      4,773 SF

      Versatile Commercial Property in Lakeville

      Federal-era building converted to commercial use in downtown Lakeville.
      308 Main St, Salisbury, CT 06039
      View Details
    • $325,000
      3,000 SF

      Profitable Restaurant with Full Bar

      Established restaurant with full bar in Salisbury, CT for sale.
      19 Main St, Salisbury, CT 06068
      View Details
    • $350,000
      1,744 SF

      Commercial Building on Route 44

      Commercial property with flexible layout on a vital thoroughfare.
      184 Main St, Salisbury, CT 06068
      View Details
    • $2,020,000
      2 SF

      Salisbury Office Building Portfolio

      Two-building office portfolio in Salisbury, Connecticut.
      195-199 Main St, Salisbury, CT 06068
      View Details
    • $1,125,000

      Upland Meadow Road Property

      Property for sale at Upland Meadow Road, Salisbury, CT
      53 Upland Meadow Rd, Salisbury, CT 06068
      View Details
    • $895,000

      Salisbury Specialty Property For Sale

      Specialty property available for purchase in Salisbury, Connecticut.
      76 Washinee Heights Rd, Salisbury, CT 06068
      View Details
    • $5,875,000

      Salisbury Specialty Property For Sale

      Specialty property available for purchase in Salisbury, Connecticut.
      102 S Shore Rd, Salisbury, CT 06068
      View Details
    • $1,625,000

      Specialty Property For Sale

      Specialty property available for purchase.
      21 Sharon Canaan Rd, Salisbury, CT 06068
      View Details
    • $825,000

      Washinee Heights Road Property

      Property at 118 Washinee Heights Rd, Salisbury, CT 06068.
      118 Washinee Heights Rd, Salisbury, CT 06068
      View Details
    • $4,200,000
      15,000 SF

      Delaware Ave Executive Suites

      Prestigious Wilmington Office Space Available
      0 Ct-41, Salisbury, CT 06039
      View Details
    • $2,020,000
      8,931 SF

      The National Iron Bank Portfolio For Sale

      The National Iron Bank Portfolio For Sale
      195-199 Main St, Salisbury, CT 06068
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 57.86 acres of residential land with views in Salisbury, CT.
    Where is this agricultural land located?
    The property is located at Under Mountain Rd Salisbury, CT.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Wonderful eastern & southern views are yours to enjoy.; - High open pasture with views makes this property special.; - Abuts major estates & larger parcels, offering privacy.
    (860) 488-6635
    Request Owner's contact information
    Under Mountain Rd Salisbury, CT 06068
    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.
    Under Mountain Rd
    Salisbury, CT 06068
    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
    Under Mountain Rd Salisbury, CT 06068
    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

    We can help!
    Listing Contact
    Graham Klemm
    Real Estate License ID: REB.0754878
    (860) 488-6635
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.