Technical
Financial
Distress signals
Property profile

85 Railroad St New Milford, CT 06776

OFF-MARKET
Showrooms
Property ID
US15-0241149
12,297 SF 0.47 ac lot Built 1900
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 85 Railroad Street in New Milford, Connecticut, presents a unique investment opportunity. The property encompasses three buildings totaling 12,297 square feet on a 0.47-acre lot. The main building, a three-story structure built in 1900 and renovated in 1988, features a large street-facing retail space with ample display windows, potential office space, and multiple bathrooms. Upstairs, there's significant potential for additional office space, apartments, or extended-stay accommodations. Attached is a substantial warehouse building (5000+ sq ft) with three large overhead doors, a mezzanine, high ceilings, and more office space. The property also includes a valuable 20-space private parking lot, with 10 spaces conveniently located near the retail entrance, including two handicap-accessible spots. The property is zoned B-1, offering a wide range of permitted uses. This versatile property is ideal for an owner-operator or investor seeking a multi-use space with significant upside potential in a charming New England town. The asking price is $998,000. The property consists of two units and features 30 parking spaces per 1,000 square feet. The APN is 2720303.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1900
Construction FRAME
Total area 12,297 SF
Lot 0.47 ac (20,473 SF)
Zoning code B1
APN NMIL M:35-2 L:7-B
UPID US15-0241149

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

85 Railroad St New Milford, CT 06776-2783
New Milford metro Census 425700 TORRINGTON, CT MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$731k
Blend (final) Blend
$385k

Owner & transaction history

since 2026
3 recorded transactions
2026
$750,000
2020
Price N/A
1969
Price N/A

Zoning & alternative use

B1 · New Milford, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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