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

    25 Center St Winchester, CT 06098

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $319,900

    Multifamily residential property with office space in central location.

    Lot size:
    0.11 Acres

    Property Features for 25 Center St

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    0.11 Acres

    Building Details

    Year built
    1860

    We can help!

    Listing Contact
    Anthony Gioia
    Source: Elliman

    Listing Agency: The Washington Agency Listing Agent: Anthony Gioia

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

    Learn more

    Overview

    Multifamily and Office Space Opportunity

    This property offers a combination of multifamily residential and office space. The owner has received permission from the town to create a second residential unit on the first floor, which will include 2.5 baths upon completion. The property benefits from a central location, providing convenient access to various amenities in Winsted, including restaurants, parks, a college, public transportation, and shopping. The first floor is available in its current "as is" condition, without being completed. The property includes two electric meters, one for the upstairs and one for the downstairs, as well as two 50-gallon hot water tanks. The current tenant's lease is set to expire in September 2027.
    Location Intelligence

    Current Use by Public Records

    Klein & Babbitt, LLC Law Firm The D'Amore Agency Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.06945
    Latitude
    41.922123

    Nearby Similar for Sale

    • $750,000
      5,389 SF

      Turnkey Restaurant with Apartments

      Thriving restaurant with apartments in high-traffic Litchfield County location.
      436 Main St, Winchester, CT 06098
      View Details
    • $319,900
      2,754 SF

      Mixed-Use Property in Winchester, CT

      Multi-family residential and office space in central location.
      25 Center St, Winchester, CT 06098
      View Details
    • $280,000
      4,852 SF

      Versatile Commercial Building in Winchester

      4,852 SF commercial building in Litchfield County.
      1 Lake St, Winchester, CT 06098
      View Details
    • $499,999
      5,016 SF

      Historic Victorian Property, Winchester, CT

      Versatile Victorian property in Winchester, CT with development potential.
      55 Walnut St, Winchester, CT 06098
      View Details
    • $89,000
      1,165 SF

      Winchester Office Condo For Sale

      Well-maintained office condo with versatile layout near downtown Winchester.
      140 Willow St Unit, Winchester, CT 06098
      View Details
    • $750,000
      5,389 SF

      Turnkey Restaurant with Apartments

      Thriving restaurant with apartments in high-traffic Litchfield County location.
      436 Main St, Winchester, CT 06098
      View Details
    • $299,900
      Pending

      Updated Two-Family Winchester Residence

      Two-family residence with modern updates and income potential.
      77 Hubbard St, Winchester, CT 06098
      View Details
    • $395,000
      1,909 SF

      Mixed-Use Building in Downtown Winsted

      Two-story mixed-use building with commercial space and residential apartment.
      720 Main St, Winchester, CT 06098
      View Details
    • $395,000
      1,909 SF

      Mixed-Use Building in Downtown Winsted

      Two-story mixed-use building with commercial space and residential apartment.
      720 Main St, Winchester, CT 06098
      View Details
    • $319,900
      2,754 SF

      Multifamily and Office Space Opportunity

      Multifamily residential property with office space in central location.
      25 Center St, Winchester, CT 06098
      View Details
    • $299,900
      Pending

      Winchester Multi-Family Investment Opportunity

      Three-unit property with long-term tenants and vacant unit.
      106 Rockwell St, Winchester, CT 06098
      View Details
    • $99,000
      Pending

      Downtown Winchester Redevelopment Opportunity

      Redevelopment opportunity in downtown Winchester with retail and residential potential.
      508 Main St, Winchester, CT 06098
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Multifamily residential property with office space in central location.
    Where is this multifamily property located?
    The property is located at 25 Center St Winchester, CT.
    What is the asking price?
    The asking price for this property is $319,900.
    What are key features of this property?
    This property features: - Opportunity to own a multifamily residential property and an office space.; - Permission to create a 2nd residential unit on the first floor (potential for increased rental income).; - Great central location close to amenities: restaurants, parks, college, public transportation, and shopping.
    (860) 459-8911
    Request Owner's contact information
    25 Center St Winchester, CT 06098
    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.
    25 Center St
    Winchester, CT 06098
    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
    25 Center St Winchester, CT 06098
    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
    Anthony Gioia
    (860) 459-8911 (860) 482-7044
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!