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

    70 Cutler Rd Killingly, CT 06243

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $100,000

    Buildable 3.5-acre lot in a great location.

    Lot size:
    3.85 Acres

    Property Features for 70 Cutler Rd

    General Information

    Lot size
    3.85 Acres

    We can help!

    Listing Contact
    Ned Murtha
    Source: Elliman

    Listing Agent: Ned Murtha

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    3.5 Acre Buildable Lot

    This property features a 3.5-acre buildable lot, presenting a builder's opportunity in a desirable location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Building Supply Garden Center Home Appliance Store Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Killingly
    County
    Windham
    State
    Connecticut
    Longitude
    -71.825294
    Latitude
    41.888634

    Nearby Similar for Sale

    • $374,900
      3,029 SF

      Killingly Four-Family Home For Sale

      Four-unit residential income property in Killingly, Connecticut.
      133 Maple St, Killingly, CT 06239
      View Details
    • $359,900
      Pending

      Mixed-Use Building on Main Street

      Mixed-use property with offices, apartments, and high visibility.
      239 Main St, Killingly, CT 06239
      View Details
    • $1,100,000
      15,096 SF

      Downtown Killingly Mixed-Use Building

      Renovated mixed-use building in downtown Danielson with retail and office space.
      134 Main St, Killingly, CT 06239
      View Details
    • New
      $325,000
      1,694 SF

      Updated Two-Family Home in Killingly

      Updated two-family home, ideal for owner-occupants or investors.
      41 Carter St, Killingly, CT 06239
      View Details
    • $399,000

      Killingly Four-Family Home

      Four-unit property with long-term tenants and city utilities.
      51 Maple St, Danielson, CT 06239
      View Details
    • $69,000

      Mobile Home Community in Killingly

      Affordable mobile home community in Killingly, Connecticut, with convenient access.
      14 R And R Park, Killingly, CT 06241
      View Details
    • $450,000

      Brick Building with Redevelopment Potential

      Mixed-use building with redevelopment potential in a prime location.
      444 Hartford Pike, Killingly, CT 06241
      View Details
    • $1,100,000
      11.70 Acres

      Killingly Commercial/Industrial Space Available

      Three buildings on 11.7 acres, great location.
      364 Putnam Pike, Killingly, CT 06241
      View Details
    • $275,000

      Killingly Two-Family Home

      Two-unit residential property with investment potential in Killingly, Connecticut.
      110 Franklin St, Danielson, CT 06239
      View Details
    • $279,000

      Four-Unit Multifamily Property

      Four-unit multifamily with renovation potential on a corner lot.
      102 Cottage St, Danielson, CT 06239
      View Details
    • $399,999

      Historic Downtown Office Building

      Corner location, historic character, updated flooring, well-maintained amenities.
      181 Main St, Danielson, CT 06239
      View Details
    • $74,900

      Spacious Double Wide Home

      Double wide home in desirable park, convenient location.
      437 Putnam Pike, Killingly, CT 06241
      View Details

    FAQs

    What type of property is this?
    Land - Buildable 3.5-acre lot in a great location.
    Where is this land located?
    The property is located at 70 Cutler Rd Killingly, CT.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: - 3. 5 Acre Buildable Lot; - Great Location; - Builder's Opportunity
    (401) 556-0696
    Request Owner's contact information
    70 Cutler Rd Killingly, CT 06243
    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.
    70 Cutler Rd
    Killingly, CT 06243
    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
    70 Cutler Rd Killingly, CT 06243
    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
    Ned Murtha
    (401) 556-0696
    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.