Add Listing
    For Lease
    • 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

    535 Migeon Ave Torrington, CT 06790

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial Flex Space, CT - 15,000 SF+

    Lot size:
    225,000 SF

    Property Features for 535 Migeon Ave

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    225,000 SF
    Total Rate
    56250

    Building Details

    Stories
    3

    Spaces For Lease

    at 535 Migeon Ave, Torrington, CT 06790 Contact us
    Unit Available Space

    $3 /Mo

    Size
    150,000 SF
    Contact us
    Unit Available Space 2

    $4 /Mo

    Size
    15,000 SF
    Contact us

    We can help!

    Listing Contact
    Dom Giglio
    Dom Giglio

    Listing Agency: Giglio Commercial Real Estate Listing Agent: Dom Giglio

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

    Learn more

    Property Insight Report

    Overview

    This exceptional three-story industrial flex space at 535 Migeon Avenue in Torrington, Connecticut, offers a unique opportunity for businesses seeking versatile and adaptable space. The property boasts a total of 225,000 square feet, with 15,000 square feet currently available for immediate occupancy. The flexible layout is ideal for a variety of uses, catering to businesses requiring a blend of office and warehouse space. The building's multi-tenant configuration provides a dynamic and collaborative environment. The available space ranges from 15,000 to 150,000 square feet, allowing for customization to meet specific operational needs. Located at 535 Migeon Avenue, Torrington, CT 06790, this property offers convenient access to major transportation routes, enhancing logistical efficiency. The building's substantial size and flexible design make it an attractive option for companies seeking expansion or relocation in the thriving Torrington market. With its strategic location and adaptable space, this property presents a compelling investment opportunity for businesses seeking a versatile and functional workspace. Contact us today to learn more about this exceptional flex space and schedule a viewing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big Daddy's Diesels ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.134721
    Latitude
    41.812544

    Nearby Similar for Lease

    • New
      $1,250 /Mo
      800 SF

      Torrington Commercial Space For Lease

      800 sq ft office/retail space in a 3-unit building.
      286 Main St, Torrington, CT 06790
      View Details
    • New
      $5,000 /Mo
      5,900 SF

      Medical Office in Downtown Torrington

      Meticulously maintained medical office building near hospital with apartment.
      95 New Litchfield St, Torrington, CT 06790
      View Details
    • $850 /Mo
      600 SF

      Downtown Torrington Commercial Space Available

      Versatile commercial space in downtown Torrington, suitable for various businesses.
      86 Water St, Torrington, CT 06790
      View Details
    • $3,232 /Mo

      Move-in Ready Office Space Available

      Quality office space near City Hall and Courthouse.
      32 City Hall Ave, Torrington, CT 06790
      View Details
    • $11 SF/Yr
      2,400 SF

      Retail Space on Winsted Road

      Retail space suitable for office, retail, or medical use.
      683-707 Winsted Rd, Torrington, CT 06790
      View Details
    • $3,200 /Mo

      Retail/Office Space Available

      Retail or office space for lease on Main Street.
      20 East Main St, Torrington, CT 06790
      View Details
    • $7 SF/Yr
      133,000 SF

      Torrington Industrial Space For Lease

      133,000 sq ft industrial space available for lease.
      368 Ella Grasso Ave, Torrington, CT 06790
      View Details
    • $1,600 /Mo

      Spacious Two Bedroom Apartment

      Two-bedroom apartment with backyard access and washer/dryer hookup.
      14 Cooper St, Torrington, CT 06790
      View Details
    • $1,500 /Mo

      Spacious Two Bedroom Apartment Rental

      Charming ground floor apartment with garage and modern amenities.
      123 Calhoun St, Torrington, CT 06790
      View Details
    • $1,450 /Mo

      Spacious Apartment with Original Details

      Charming apartment featuring hardwood floors, porches, and convenient parking.
      44 Bird St, Torrington, CT 06790
      View Details
    • Contact for pricing
      3,193 SF

      East Main Street Office Space

      Office space available on busy East Main Street.
      1598 E Main St, Torrington, CT 06790
      View Details
    • Contact for pricing
      1,509 SF

      Retail Space in Downtown Torrington

      Retail space anchored by Super Stop & Shop in Torrington.
      223-251 High St, Torrington, CT 06790
      View Details

    FAQs

    What type of property is this?
    Flex space - Industrial Flex Space, CT - 15,000 SF+
    Where is this flex space located?
    The property is located at 535 Migeon Ave Torrington, CT.
    What is the lease rate?
    The lease rate is $3-$4 SF/Yr.
    What are key features of this property?
    This property features: 225,000 square foot industrial property.; 150,000 square feet available for lease.; Divisible to 5,000 square foot units.
    (203) 755-0030 Call to check price and availability
    Request Owner's contact information
    535 Migeon Ave Torrington, CT 06790
    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.
    535 Migeon Ave
    Torrington, CT 06790
    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
    535 Migeon Ave Torrington, CT 06790
    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 Dom Giglio
    Dom Giglio
    Real Estate License ID: REB0788299
    (203) 755-0030 (203) 592-1822
    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!