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

    70 Heminway Park Rd Watertown, CT 06795

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully built out medical office building, move-in ready.

    Property size:
    4,140 SF
    Lot size:
    0.31 Acres

    Property Features for 70 Heminway Park Rd

    General Information

    Size
    4,140 SF
    Lot size
    0.31 Acres

    We can help!

    Listing Contact
    Jack Hayes
    Jack Hayes
    Source: Moodyscre

    Listing Agency: Sullivan Hayes Northeast Listing Agent: Jack Hayes

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

    Learn more

    Property Insight Report

    Overview

    Medical Office Building For Lease

    This is a fully built out medical office building available for lease. The 4,140 square foot property is ideal for urgent care or primary care offices and is move-in ready. Located in Watertown, CT, the property is suitable for medical practices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elisha Danzig, DO Medical Clinic Watertown Internal Medicine Physician Saint Mary's Blood ... Medical Clinic Sallie Carrington, DO Physician Adriana Ghisa, MD Physician

    Suggested Use

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

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

    Similar Places Nearby

    Stone Veterinary Hospital, Stone Veterinary Hospital: Couret Karmen I DVM

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1160111
    Latitude
    41.6037445

    Nearby Similar for Sale

    • $375,000
      Pending

      Watertown Four-Family Investment Opportunity

      Four-unit property with long-term tenants and independent utilities.
      163 Echo Lake Rd, Watertown, CT 06795
      View Details
    • $449,900
      Pending

      Watertown Four-Family Income Property

      Four-family home offering a strong income opportunity.
      196 Echo Lake Rd, Watertown, CT 06795
      View Details
    • $800,000
      Pending

      Watertown Specialty Property For Sale

      Specialty property available for purchase in Watertown, Connecticut.
      305 Killorin Rd, Watertown, CT 06795
      View Details
    • $365,000
      Pending

      Watertown Specialty Property For Sale

      Specialty property available for purchase in Watertown, Connecticut.
      120 Williamson Cir, Watertown, CT 06779
      View Details
    • $1,495,000
      20,266 SF

      Retail Building Investment Opportunity

      20,266 SF retail building with primary tenant Walgreens.
      620 Main St, Oakville, CT 06795
      View Details
    • $79,900
      588 SF

      Versatile Commercial Unit For Sale

      Well-maintained 588 sqft commercial unit with private restroom.
      51 Depot St, Watertown, CT 06795
      View Details
    • $1,100,000

      Wheeler Farm Road Property

      Property for sale at 114 Wheeler Farm Rd, Watertown, CT.
      114 Wheeler Farm Rd, Watertown, CT 06795
      View Details
    • Contact for pricing
      5,031 SF

      Main Street Office/Retail Building

      5,031 SF office/retail building on Main Street for sale.
      169 Main St, Watertown, CT 06795
      View Details
    • Contact for pricing
      12,500 SF

      Watertown Industrial Building For Sale

      12,500 SF industrial building ideal for manufacturing or assembly.
      184 Commercial St, Watertown, CT 06795
      View Details
    • Contact for pricing
      2,601 SF

      Established Pottery and Ceramics Studio

      Profitable pottery and ceramics studio with established niche business.
      27 Siemon Company Dr, Watertown, CT 06795
      View Details
    • Contact for pricing
      7,182 SF

      Modern Office Space with Elevator

      7,182 +/- SF office space on well-traveled Route 63.
      365 Main St, Watertown, CT 06795
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Fully built out medical office building, move-in ready.
    Where is this medical office space located?
    The property is located at 70 Heminway Park Rd Watertown, CT.
    What are key features of this property?
    This property features: - Fully built out medical office building, ready for immediate occupancy.; - Move in ready, saving you time and resources.; - Ideal for urgent care offices, offering a convenient setup.
    (860) 324-9849 Call to check price and availability
    Request Owner's contact information
    70 Heminway Park Rd Watertown, CT 06795
    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 Heminway Park Rd
    Watertown, CT 06795
    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 Heminway Park Rd Watertown, CT 06795
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jack Hayes
    Jack Hayes
    (860) 324-9849 (860) 677-5252 (860) 470-1976
    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!