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    Marbledale Commercial Opportunity on Route 202 Title is generated by Realmo AI

    262 New Milford Turnpike, Washington, CT 06777

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    Claim this Listing
    For Sale
    $599,000

    COMMERCIAL - Washington, CT

    Property size:
    2,072 SF
    Lot size:
    3.05 Acres
    Price / SF:
    $289/SF
    Added:
    Apr 20, 2026
    Days on Market:
    26
    Last Refresh:
    May 15 at 10:06 am

    Property Features for 262 New Milford Turnpike

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B-3
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Interior features
    Employee Lounge,Living Space Available
    Exterior features
    Storage Building
    Standard status
    Active
    Size
    2,072 SF
    Lot size
    3.05 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    3494

    Utilities

    Cooling system
    Central Air
    Water source
    Private

    Building Details

    Year built
    1850
    Flooring type
    Tile, Wood
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jay Irvine

    Listing agent Jay Irvine License #RES.0808291

    Listing office Serhant Connecticut, LLC 500 W Putnam Avenue, New York, CT

    Listing date Apr 20, 2026

    MLS# 24168763

    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.

    HighLights

    • Prime commercial location on Route 202 in Marbledale, CT with high visibility (over 5,000 cars daily)
    • Two separate buildings offering flexible floor plans
    • Abundant parking available
    • Meticulously maintained property rich in character with antique architectural details
    • Includes a detached two‑car garage and additional storage building
    • Charming patio with stone wall and wooded views creating an inviting setting

    Overview

    Located in the heart of Marbledale, Washington, CT, this commercial property on Route 202 offers exceptional visibility with over 5,000 cars passing daily. The meticulously maintained property features two separate buildings and a detached two-car garage, with ample parking. The primary building has a flexible floor plan suitable for professional office use, including a reception or sitting area, client meeting space, and a private rear office. A kitchenette adds convenience, and an upper loft area provides additional office space and a second private room. Antique interior architectural details include wide-plank hardwood floors, exposed wood beams, and oversized windows. A charming patio with a stone wall and wooded views connects the two buildings. The second building includes a full kitchen, full bathroom, and an upper level suitable for an office. The property offers endless possibilities for business owners and investors. The lot size is 3.05 acres, and the property size is 2072 square feet. The zoning is B-3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    E. Garrity Water ... General Contractor

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.372505
    Latitude
    41.662292

    Nearby Similar for Sale

    • $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
    • $599,900
      5,030 SF

      Mixed-Use Property in Woodville

      Mixed-use property with residential and commercial spaces in Woodville.
      233 Litchfield Turnpike, Washington, CT 06777
      View Details

    FAQs

    What type of property is this?
    Office building - Commercial property in Marbledale with high visibility and flexible space.
    Where is this office building located?
    The property is located at 262 New Milford Turnpike Washington, CT.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Prime commercial location on Route 202 in Marbledale, CT with high visibility (over 5,000 cars daily); Two separate buildings offering flexible floor plans; Abundant parking available
    (203) 586-9459
    We can help!
    Listing Contact
    Jay Irvine
    Real Estate License ID: RES.0808291
    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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