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 Road Waterford, CT 6385

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $580,000

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

    Type:Land or Vacant Lot
    Lot size:
    34.66 Acres
    Added:
    Sep 19, 2025
    Days on Market:
    209
    Last Refresh:
    Apr 5 at 9:52 pm

    Property Features for 77 Foster Road

    General Information

    Standard status
    Active
    Lot size
    34.66 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    THOMAS SIMJIAN

    Listing agent THOMAS SIMJIAN License #RES.0799138

    Listing office Keller Williams Coastal

    Listing date Sep 19, 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 Keller Williams Coastal

    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.
    Property Profile Insight Report 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
    -72.1646
    Latitude
    41.3791

    Nearby Similar for Sale

    • $350,000
      2,236 SF

      Two Homes, One Lot

      Two homes on one lot, prime investment opportunity.
      398 & 402 Boston Post Road, Waterford, CT 06385
      View Details
    • $1,100,000
      18,045 SF

      Industrial Buildings with Tank Farm

      Two industrial buildings totaling 18,045 SF near I-395.
      17 Industrial Drive, Waterford, CT 06385
      View Details
    • $550,000
      14,672 SF

      High-Visibility Commercial Opportunity on Route 1

      Commercial property with high visibility and convenient regional access.
      33 Boston Post Rd, Waterford, CT 06385
      View Details
    • $700,000
      1,598 SF

      Waterford Commercial Land Opportunity

      3.06-acre commercial land parcel in a prime location.
      213 Boston Post Road, Waterford, CT 06385
      View Details
    • $120,000

      Raw Land Near Long Island

      Raw land in desirable location near Long Island Sound.
      69 Shore Road, Waterford, CT 06385
      View Details
    • $600,000

      Waterford Industrial Land For Sale

      Undeveloped land in high-traffic location near I-95 and I-395.
      77 Foster Road, Waterford, CT 06385
      View Details
    • $295,000

      Waterfront Land in Oswegatchie Area

      Direct waterfront property with CAM approval for single-family home.
      163 Oswegatchie Road, Waterford, CT 06385
      View Details
    • $54,000
      672 SF

      Professional Office Suites For Sale

      Professional office suites in Waterford Professional Building, convenient location.
      567 VAUXHALL Street Extension #Suites 320 & 321, Waterford, CT 06385
      View Details
    • $1,250,000

      Waterford Commercial Land For Sale

      68-acre commercial land near I-95 in Waterford, CT.
      267 Waterford Parkway N, Waterford, CT 06385
      View Details
    • $1,930,000

      Waterford Industrial Land For Sale

      Light industrial land with utilities near major highways.
      74 Fargo Rd, 50 Clam Lane, 70 Clam Lane, 40 Fargo Road, 90 Foster Road, Waterford, CT 06385
      View Details
    • $99,000

      Waterfront Land on Alewife Cove

      Vacant waterfront land with views of Alewife Cove.
      4 Ridgewood Avenue, 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 Road Waterford, CT.
    What is the asking price?
    The asking price for this property is $580,000.
    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
    We can help!
    Listing Contact
    THOMAS SIMJIAN
    Real Estate License ID: RES.0799138
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!