Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    77 Foster Rd Waterford, CT 06385

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $600,000

    Undeveloped land near I-95 and I-395 junction, Waterford, CT.

    Lot size:
    34.66 Acres

    Property Features for 77 Foster Rd

    General Information

    Standard status
    Active
    Lot size
    34.66 Acres

    We can help!

    Listing Contact
    Thomas Simjian
    Source: Corcoran

    Listing Agency: Keller Williams Coastal Listing Agent: Thomas Simjian

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

    Learn more

    Overview

    Waterford Industrial Land For Sale

    This property represents an opportunity to acquire acres of undeveloped land situated in a high-traffic location near the junction of I-95 and I-395. The site benefits from visibility and accessibility, located moments from major retail destinations including BJ's Wholesale Club, Walmart, and Lowe's. Utilities including gas, electric, and sewer are available at the road. The property is currently zoned I-G (Industrial-Commercial), which permits warehouse, retail, office, and light manufacturing uses.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Dental Office Hotel & Motel Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    New London
    State
    Connecticut
    Longitude
    -72.164568
    Latitude
    41.379097

    Nearby Similar for Sale

    • $350,000
      Pending

      Two Homes, One Lot

      Two houses on one lot present investment opportunity.
      398 Boston Post Rd, Waterford, CT 06385
      View Details
    • $89,500

      Waterford Professional Complex Office Units

      Four office units in well-maintained complex, convenient location.
      567 310, Waterford, CT 06385
      View Details
    • $745,000

      Waterford Specialty Property For Sale

      Specialty property available for purchase in Waterford, Connecticut.
      1 Spinnaker Rd, Waterford, CT 06385
      View Details
    • $549,900

      Waterford Specialty Property For Sale

      Specialty property available for purchase in Waterford, Connecticut.
      178 Shore Rd, Waterford, CT 06385
      View Details
    • $315,511

      Hilltop Terrace Specialty Property

      Specialty property available for sale in Waterford, Connecticut.
      6 Hilltop Ter, Waterford, CT 06385
      View Details
    • $750,000

      Niantic River Road Property

      Property at 276 Niantic River Rd, Waterford, CT 06385.
      276 Niantic River Rd, Waterford, CT 06385
      View Details
    • $969,900

      Division Street Specialty Property

      Specialty property available for sale in Waterford, Connecticut.
      25 Division St, Waterford, CT 06385
      View Details
    • $944,000

      Waterford Specialty Property For Sale

      Specialty property available for purchase in Waterford, Connecticut.
      23 Whaling Dr, Waterford, CT 06385
      View Details
    • $785,000

      Waterford Specialty Property For Sale

      Specialty property available for purchase in Waterford, Connecticut.
      213 Boston Post Rd, Waterford, CT 06385
      View Details
    • $54,000

      Professional Office Suites For Sale

      Professional office suites in Waterford Professional Building, convenient location.
      567 Vauxhall Suites 320 & 321, Waterford, CT 06385
      View Details
    • $99,932

      Waterford Professional Office Suite

      Professional office suite in Waterford Professional Building, convenient location.
      567 300, Waterford, CT 06385
      View Details
    • $149,900

      Professional Office Suite in Waterford

      2,156 SF office suite suitable for various professional services.
      567 328, Waterford, CT 06385
      View Details

    FAQs

    What type of property is this?
    Industrial land - Undeveloped land near I-95 and I-395 junction, Waterford, CT.
    Where is this industrial land located?
    The property is located at 77 Foster Rd Waterford, CT.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Prime development opportunity in a high-traffic location.; - Zoned I-G(Industrial-Commercial) permitting warehouse, retail, office, and light manufacturing.; - Excellent visibility and accessibility near I-95 and I-395.
    (401) 845-9200
    Request Owner's contact information
    77 Foster Rd Waterford, CT 06385
    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.
    77 Foster Rd
    Waterford, CT 06385
    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
    77 Foster Rd Waterford, CT 06385
    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
    Thomas Simjian
    Real Estate License ID: RES.0799138
    (401) 845-9200 (203) 506-0388
    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!