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    Turnkey Commercial Property on Route 202 Title is generated by Realmo AI

    1185 New Litchfield St, Torrington, CT 06790

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    For Sale
    $950,000

    Fully occupied commercial property with long-term tenants and strong investment.

    Type:Commercial
    Property size:
    5,248 SF
    Price / SF:
    $181/SF
    Added:
    Apr 24, 2026
    Days on Market:
    27
    Last Refresh:
    Apr 24 at 5:44 pm

    Property Features for 1185 New Litchfield St

    General Information

    Standard status
    Active
    Size
    5,248 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Rosemary Jacob

    Listing agent Rosemary Jacob License #RES.0784225

    Listing office Borla & Associates LLC Real Estate

    Listing date Apr 24, 2026

    Source Elliman

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

    All listing content including descriptions, pricing, images are the copyrighted material of Borla & Associates LLC Real Estate

    HighLights

    • Fully occupied with long‑term established tenants, including a government agency, providing immediate rental income.
    • Gross annual rents exceed $140,000, indicating a strong investment opportunity.
    • Turnkey condition with no deferred maintenance or deficiencies, ensuring immediate profitability.
    • High‑traffic location on Route 202 with a CT DOT Annual Average Daily Traffic count of 17,500, offering maximum exposure.
    • Ample parking spaces and signage available for tenants and clients.
    • Proximity to Charlotte Hungerford Hospital, Keystone, da Capo, Tractor Supply, and major routes (Routes 4 & 8).

    Overview

    Located on Route 202 at 1185 New Litchfield Turnpike in Torrington, near the Litchfield town line, this turnkey commercial property features 5,248 square feet across two levels. The building benefits from high visibility on a busy main road, with a CT DOT Annual Average Daily Traffic count of 17,500. The property is situated close to Charlotte Hungerford Hospital, Keystone, da Capo, and Tractor Supply. The building is fully occupied by long-term tenants, including a government agency, generating gross annual rents exceeding $140,000. The property includes signage and ample parking. The property is located for maximum exposure, ease of commute and access to major routes including Routes 4 & 8. The building's condition reflects pride of ownership, with no deferred maintenance. The bike score is 4, indicating it is somewhat bikeable, while the walk score is 0, indicating car-dependent accessibility.
    Location Intelligence

    Current Use by Public Records

    Arnold Gregory L ... Dental Office Arnold Mary B ... Dental Office US Consolidated Farm ... Sustainability Organization Peter Rudzinskiy Md Physician Northwest Physical Medicine ... Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.146037
    Latitude
    41.7858852

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    FAQs

    What type of property is this?
    NNN property - Fully occupied commercial property with long-term tenants and strong investment.
    Where is this nnn property located?
    The property is located at 1185 New Litchfield St Torrington, CT.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Fully occupied with long‑term established tenants, including a government agency, providing immediate rental income.; **Gross annual rents exceed $140,000**, indicating a strong investment opportunity.; **Turnkey condition with no deferred maintenance or deficiencies**, ensuring immediate profitability.
    (857) 526-1525
    We can help!
    Listing Contact
    Rosemary Jacob
    Real Estate License ID: RES.0784225
    Learn More
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    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
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    1185 New Litchfield St, Torrington, CT 06790
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