Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Property in Woodville Title is generated by Realmo AI

    233 Litchfield Turnpike, Washington, CT 06777

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,900

    Mixed-use property with residential and commercial spaces in Woodville.

    Type:Commercial
    Property size:
    5,030 SF
    Lot size:
    0.39 Acres
    Price / SF:
    $119/SF
    Added:
    Oct 1, 2025
    Days on Market:
    235
    Last Refresh:
    Apr 5 at 9:12 pm

    Property Features for 233 Litchfield Turnpike

    General Information

    Standard status
    Active
    Size
    5,030 SF
    Lot size
    0.39 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1946

    We can help!

    Listing Contact
    TIMOTHY DRAKELEY

    Listing agent TIMOTHY DRAKELEY License #REB.0193579

    Listing office Drakeley Real Estate, Inc.

    Listing date Oct 1, 2025

    Source Corcoran

    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 Drakeley Real Estate, Inc.

    HighLights

    • Prime mixed‑use property in Woodville business district.
    • Two ground‑level commercial spaces with high visibility.
    • Two residential units: one‑bedroom and two‑bedroom apartments.
    • Spacious third‑floor living area in the two‑bedroom apartment.
    • Each apartment has a full bathroom, living room, kitchen, and washer/dryer hookups.
    • Convenient access to multiple town centers.

    Overview

    Located in the Woodville business district of Washington, this mixed-use property offers two residential units and two ground-level commercial spaces. The upper level contains a one-bedroom apartment and a two-bedroom apartment, each featuring one full bathroom, a living room, a kitchen, and washer/dryer hookups. The two-bedroom unit also includes a third-floor living area. On the main level are two retail spaces, one currently occupied by a thrift shop and the other formerly a sporting goods/antique store. The property has a size of 5030 square feet and offers visibility and access to multiple town centers.
    Property Profile Location Intelligence

    Current Use by Public Records

    VNA Northwest Thrift ... Discount Store Rent-A-Chef Seafood Specialty Food Shop

    Suggested Use

    Restaurant Real Estate Agency Food Market Discount Store Pet Grooming Service Farmer's Market Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.3014
    Latitude
    41.7018

    Nearby Similar for Sale

    • $599,000
      2,072 SF

      Marbledale Commercial Opportunity on Route 202

      Commercial property in Marbledale with high visibility and flexible space.
      262 New Milford Turnpike, Washington, CT 06777
      View Details
    • $150,000
      756 SF

      Stonemill Commons Commercial Condominium

      Commercial condominium in New Preston/Marbledale, excellent visibility and high traffic.
      168 New Milford Turnpike #2A, Washington, CT 06777
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential and commercial spaces in Woodville.
    Where is this mixed-use property located?
    The property is located at 233 Litchfield Turnpike Washington, CT.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Prime mixed‑use property in Woodville business district.; Two ground‑level commercial spaces with high visibility.; Two residential units: one‑bedroom and two‑bedroom apartments.
    (203) 263-4336
    We can help!
    Listing Contact
    TIMOTHY DRAKELEY
    Real Estate License ID: REB.0193579
    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

    Thank You for Inquiry
    233 Litchfield Turnpike, Washington, CT 06777
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!