Sign Up Successful!
You now have access to more from Realmo!
    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

    365 Main St Watertown, CT 06795

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    7,182 SF Medical Office, $800K

    Property size:
    7,182 SF

    Property Features for 365 Main St

    General Information

    Property type
    Medical offices
    Square Feet
    7,182 SF
    Lot Size
    38,333 SF

    Building Details

    Year Built/Renovated
    1989/2022
    Stories
    3

    We can help!

    Listing Contact
    Brian Godin
    Brian Godin

    Listing Agency: Godin Property Brokers LLC Listing Agent: Brian Godin

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

    Learn more

    Property Insight Report

    Overview

    This exceptional medical office building, located at 365 Main Street, Unit 202, Watertown, CT 06795, presents a unique investment opportunity. The property, situated on a 0.88-acre lot in Litchfield County, boasts 7,182 square feet of modern office space spread across three stories. Originally constructed in 1989, Suites 200 and 201 underwent a complete renovation in 2022, resulting in a contemporary and functional layout. The building features a convenient elevator and ample parking, catering to the needs of both staff and patients. The space is zoned for commercial use and benefits from its prime location on the well-traveled Route 63. The property includes two suites: Suite 200-201 comprises 4,641 square feet, while Suite 202 offers 2,541 square feet. With a ceiling height of 10 feet 6 inches, the space is bright and airy. Previously used as medical space, this property is ideally suited for a variety of medical practices or related businesses. Priced to sell at $800,000, this is an excellent opportunity to acquire a well-maintained, strategically located medical office building in a thriving Connecticut community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    VNA Health at Home Home Health Care Service Jan Peluso Realtor Real Estate Agency Access Rehab Centers Medical Clinic A & S Contractors LLC Construction Company Lux Health MD Weight Loss Service

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1174161
    Latitude
    41.6051657

    Nearby Similar for Sale

    • $79,900
      588 SF

      Versatile Commercial Space in Watertown

      Well-maintained commercial space suitable for retail, office, or salon.
      51 Depot St Unit, Watertown, CT 06795
      View Details
    • $760,000
      4,140 SF

      Watertown Medical Office Investment

      NNN-Leased, Updated Medical Building
      70 Heminway Park Rd, Watertown, CT 06795
      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
    • 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
    • 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
      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
      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
    • $840,000

      Watertown Specialty Property For Sale

      Specialty property available for purchase in Watertown, Connecticut.
      305 Killorin Rd, Watertown, CT 06795
      View Details
    • $573,999

      Watertown Specialty Property For Sale

      Specialty property available for purchase in Watertown, Connecticut.
      201 Mount Fair Dr, Watertown, CT 06795
      View Details
    • $375,000

      Watertown Specialty Property For Sale

      Specialty property available for purchase in Watertown, Connecticut.
      120 Williamson Cir, Watertown, CT 06779
      View Details
    • $1,335,000

      Watertown Specialty Property For Sale

      Specialty property available for purchase in Watertown, Connecticut.
      325 Woodbury Rd, Watertown, CT 06795
      View Details
    • $245,000

      Watertown Specialty Property For Sale

      Specialty property available for purchase in Watertown, Connecticut.
      128 Middlebury Rd, Watertown, CT 06795
      View Details

    FAQs

    What type of property is this?
    Medical office - 7,182 SF Medical Office, $800K
    Where is this medical office located?
    The property is located at 365 Main St Watertown, CT.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 7,182 SF of modern office space with elevator.; High-traffic location on Route 63.; Suites 200 & 201 remodeled in 2022.
    (203) 577-2277 Call to check price and availability
    Request Owner's contact information
    365 Main St 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.
    365 Main St
    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
    365 Main St 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 Brian Godin
    Brian Godin
    (203) 577-2277 (203) 598-6873
    Learn more
    Google sign-in failed. Please try again or use another login method.