Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    264 Main S St Woodbury, CT 06798-3407

    • Office buildings
    • 4,155 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0388803
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Woodbury Physical Therapy / Sports Medicine Clinic
    • Woodbury Chiropractic Center / Acupuncture Clinic / Massage Therapist
    • Maureen Munson-Bette / Physical Therapist
    • Steven Lane Levy / Chiropractor
    • Dr. Steven Levy / Chiropractor / Practitioner Service Location

    Property Details for 264 Main S St

    Year built
    1880
    Construction
    FRAME
    Lot size
    0.40 lot acres
    Property size
    4,155 SF
    Zone code
    MSD
    Property type
    Office buildings
    APN
    WOOD M:104 B:013
    APU
    WOODM104B013

    Description

    This exceptional mixed-use property, located at 264 Main Street South in Woodbury, Connecticut, presents a unique investment opportunity. The historically registered landmark building boasts 4,155 square feet of net rentable space, perfectly suited for medical or professional office use. A complete renovation was undertaken in 2018/2019, ensuring modern functionality within a charming historic structure. The main floor offers ample space for a thriving practice, featuring 10-foot ceilings. Convenient on-site parking is available for staff and clients. The property sits on a 0.4-acre lot and is zoned MSD. Adding to its versatility, a second-floor apartment offers approximately 900 square feet of space, providing options for a live-work arrangement, additional rental income, or the potential for expansion of the office space. This two-story building, constructed in 1880, combines the allure of a historic landmark with the practicality of a recently renovated space. The property's prime location on Main Street in Woodbury, Connecticut (zip code 06798), offers excellent visibility and accessibility. This is a rare opportunity to acquire a beautifully restored building with significant potential in a desirable Connecticut town. The asking price is $1,195,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woodbury
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.2092
    Latitude
    41.5419
    CBSA code
    45860
    CBSA name
    TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,733
    $91,090
    $278,250
    $369,340
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $290,000
      960 SF

      439 Washington Rd

      OFFICE BUILDING • 960 SF
      439 Washington Rd, Woodbury, CT 06798-1903
      View Details
    • Value Estimation
      $285,000
      1,480 SF

      167 Washington Rd

      OFFICE BUILDING • 1,480 SF
      167 Washington Rd, Woodbury, CT 06798-2806
      View Details
    • Value Estimation
      $305,000
      3,626 SF

      8 School St

      OFFICE BUILDING • 3,626 SF
      8 School St, Woodbury, CT 06798-2819
      View Details
    • Value Estimation
      $460,000
      2,434 SF

      387 Main S St

      OFFICE BUILDING • 2,434 SF
      387 Main S St, Woodbury, CT 06798-3412
      View Details
    • Value Estimation
      $465,000
      2,600 SF

      215 Main S St

      OFFICE BUILDING • 2,600 SF
      215 Main S St, Woodbury, CT 06798-3440
      View Details
    • Value Estimation
      $275,000
      2,176 SF

      241 Main S St

      OFFICE BUILDING • 2,176 SF
      241 Main S St, Woodbury, CT 06798-3454
      View Details

    Similar Nearby for Sale

    • $1,150,000
      25,000 SF

      Woodbury Mixed-Use Investment

      Historic CT property, 25,000 SF, huge potential.
      27 Middle Quarter Rd, Woodbury, CT 06798
      View Details
    • $899,900

      Iconic Restaurant Opportunity For Sale

      Turnkey restaurant with residence, family-owned since the 1950s.
      670 Main St N, Woodbury, CT 06798
      View Details
    • $499,000

      Woodbury Specialty Property For Sale

      Specialty property available for purchase in Woodbury, Connecticut.
      34 Transylvania Rd, Woodbury, CT 06798
      View Details
    • $1,100,000

      Woodbury Specialty Property For Sale

      Specialty property available for purchase in Woodbury, Connecticut.
      45 North Northgate Rd, Woodbury, CT 06798
      View Details
    • $1,275,000

      Transylvania Rd, Woodbury, CT Property

      Property for sale at 373 Transylvania Rd, Woodbury, CT
      373 Transylvania Rd, Woodbury, CT 06798
      View Details
    • $675,000

      Land For Sale

      Land available for sale.
      Cowles Rd, Woodbury, CT 06798
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      850 SF

      Office/Retail Space For Rent

      850 SF office/retail space available for rent.
      53 Main St, Woodbury, CT 06798
      View Details
    • $11 SF/Yr
      12,524 SF

      Woodbury Office Space for Lease

      Versatile office suites, ample parking.
      1 Sherman Hill Rd, Woodbury, CT 06798
      View Details
    • $2,500 /Mo
      1,700 SF

      Retail Space in Woodbury Center

      Retail space available for rent in Woodbury shopping center.
      107 Main St, Woodbury, CT 06798
      View Details
    • $1,800 /Mo

      Remodeled Ranch Unit For Rent

      Lower level ranch unit with utilities included and private patio.
      151 Washington Ave, Woodbury, CT 06798
      View Details
    • $1,500 /Mo

      Charming Second Floor Unit

      Second-floor unit with included utilities in a quiet location.
      33 Mountain Ln, Woodbury, CT 06798
      View Details
    • $2,100 /Mo

      Renovated Apartment in Woodbury, CT

      Newly renovated 2-bedroom apartment in the heart of Woodbury.
      141 Washington Rd, Woodbury, CT 06798
      View Details
    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.
    264 Main S St
    Woodbury, CT 06798-3407
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.