Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    896-898 Main St Winchester, CT 06098
    Back to Search
    Property profile & analytics

    896-898 Main St, Winchester, CT 06098

    View on Map
    • Commercial real estate
    • 648 SF
    • 1.08 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 896-898 Main St

    Year built
    1956
    Lot size
    1.08 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property in Winchester, CT, presents a rare opportunity to acquire two adjacent parcels totaling 1.43 acres on busy Route 44. The main parcel encompasses 1.08 acres and includes a 648 sq ft masonry building, perfectly suited for retail or a food service operation. Its history includes both uses, demonstrating its versatility. The second parcel, spanning 0.35 acres, features an 800 sq ft building that has successfully operated as a bar and cafe for many years. The combined property offers significant potential for expansion. A substantial portion of the land extends across the picturesque Indian Meadow Brook, creating a unique opportunity to add a footbridge. This could unlock exciting possibilities for outdoor seating, additional retail space, or other creative business ventures. Strategically located at the west end of Winchester, this property serves as a gateway to Winsted, ensuring high visibility and benefiting from substantial daily traffic. The combined square footage of both buildings is 1448 sq ft. This property is ideal for a variety of commercial uses, offering a strong foundation for a thriving business. Its prime location and unique features make it an exceptional investment opportunity. The asking price is $299,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.0791
    Latitude
    41.9303

    Comparable in this City

    • Value Estimation by Request
      4,852 SF

      1 Lake St

      Commercial real estate
      1 Lake St, Winchester, CT 06098
      View Details
    • Value Estimation by Request
      880 SF

      928 Main St

      COMMERCIAL (GENERAL)
      928 Main St, Winsted, CT 06098-1037
      View Details
    • Value Estimation by Request
      3,000 SF

      103 Riverton Rd

      COMMERCIAL (GENERAL)
      103 Riverton Rd, Winsted, CT 06098-4313
      View Details
    • Value Estimation by Request
      2,800 SF

      88 Elm St

      SHOW ROOM, WAREHOUSE
      88 Elm St, Winsted, CT 06098-1617
      View Details
    • Value Estimation
      $1,100,000
      22,813 SF

      204 Torrington Rd

      SHOW ROOM, WAREHOUSE
      204 Torrington Rd, Winsted, CT 06098
      View Details
    • Value Estimation by Request
      1,500 SF

      208 Willow St

      SHOW ROOM, WAREHOUSE
      208 Willow St, Winsted, CT 06098
      View Details

    Similar Nearby for Sale

    • $165,000
      780 SF

      Winsted Commercial Building - High Traffic

      Versatile Space, Prime Location, High Visibility
      115 Willow St, Winchester, CT 06098
      View Details
    • $540,000
      7,405 SF

      Mixed-Use Building with Income Potential

      Seven-unit brick building with residential and commercial spaces for sale.
      45 Elm St, Winchester, CT 06098
      View Details
    • $595,000

      Versatile Commercial Property in Winchester

      Adaptable building suitable for retail, storage, or automotive uses.
      45 Willow St, Winchester, CT 06098
      View Details

    Similar Nearby for Lease

    • $800 /Mo

      Winchester Studio Apartment For Rent

      Two-room studio apartment in a convenient location.
      440 Main St, Winchester, CT 06098
      View Details
    • Contact for pricing
      1,178 SF

      Three Bedroom Apartment For Rent

      Three-bedroom apartment near downtown with hardwood floors and storage.
      102 Elm St, Winchester, CT 06098
      View Details
    • Contact for pricing

      Mixed-Use Building with Income Potential

      Seven-unit brick building with residential and commercial spaces for rent.
      45 Elm St, Winsted, CT 06098
      View Details
    • Contact for pricing
      12,782 SF

      Prime Commercial Space on Main

      Highly visible 1,300 sq ft commercial space in downtown Winchester.
      452 Main St, Winsted, CT 06098
      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.
    896-898 Main St
    Winchester, CT 06098
    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

    Thank You for Inquiry
    896-898 Main St, Winchester, CT, 06098
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!