Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20-26 Wauregan Rd Killingly, CT 06239
    Property profile & analytics

    20-26 Wauregan Rd, Killingly, CT 06239

    View on Map
    • Land
    • 1.48 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 20-26 Wauregan Rd

    Lot size
    1.48 lot acres
    Property type
    Land

    Description

    This exceptional 1.48-acre development site in Killingly, Connecticut, presents a unique opportunity for commercial expansion. Located at the intersection of Routes 6 and 12, this corner lot boasts unparalleled visibility and convenient access to Interstate 395, ensuring high traffic flow and strong brand exposure. The property is zoned GC, allowing for a diverse range of commercial uses. Plans can accommodate up to 12,000 square feet of retail, warehouse, or large showroom space with office capabilities. Its proximity to a Big Y supermarket further enhances its desirability and potential for attracting customers. The asking price for this strategically located parcel is $700,000, and the seller is open to negotiations. This prime location, combined with its flexible zoning and ample space, makes this an ideal investment for developers seeking a high-impact commercial project in a thriving Connecticut market. The address is 20-26 Wauregan Rd, Killingly, CT 06239. This property is also available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Killingly
    County
    Windham
    State
    Connecticut
    Longitude
    -71.8839
    Latitude
    41.7954

    Comparable in this City

    • Value Estimation by Request
      84.50 Acres

      61 Deerwood Dr

      Land
      61 Deerwood Dr, Killingly, CT 06239
      View Details
    • Value Estimation by Request
      0.20 Acres

      222 Mashentuck Rd

      VACANT COMMERCIAL LAND
      222 Mashentuck Rd, Killingly, CT 06239-2223
      View Details
    • Value Estimation by Request
      65.80 Acres

      56 Riv St

      INDUSTRIAL - VACANT LAND
      56 Riv St, Danielson, CT 06239
      View Details
    • Value Estimation by Request
      20.50 Acres

      298 Bailey Hl Rd

      VACANT COMMERCIAL LAND
      298 Bailey Hl Rd, Killingly, CT 06239-3424
      View Details
    • Value Estimation by Request
      8.10 Acres

      54 Rock Ave

      INDUSTRIAL - VACANT LAND
      54 Rock Ave, Killingly, CT 06239-1425
      View Details
    • Value Estimation by Request
      19.00 Acres

      899 Main St

      VACANT COMMERCIAL LAND
      899 Main St, Killingly, CT 06239-1401
      View Details

    Similar Nearby for Sale

    • $300,000

      Killingly Land Near Interstate I-395

      8.8 acres of New England countryside near I-395.
      100 Hubbard Hill Rd, Killingly, CT 06239
      View Details
    • $300,000
      8.80 Acres

      Killingly Land Near I-395

      8.8 acres of land with easy access to I-395.
      100 Hubbard Hill Rd, Killingly, CT 06239
      View Details
    • Contact for pricing

      Land For Sale

      0.28 acre land available for sale.
      64 Westcott Rd, Killingly, CT 06239
      View Details
    • $1,300,000
      1.41 Acres

      Prime Commercial Land Opportunity

      High-visibility commercial land parcel in Killingly, CT for sale.
      20 Wauregan Rd, Killingly, CT 06239
      View Details
    • Contact for pricing

      Commercial Land in Danielson

      Prime commercial land in the heart of Danielson, Connecticut.
      24 Center St, Killingly, CT 06239
      View Details

    Similar Nearby for Lease

    • New
      $1,000 /Mo
      827,640 SF

      Killingly Contractor Yard for Lease

      Flexible contractor yard for lease in Killingly, Connecticut.
      899 North Main St, Killingly, CT 06239
      View Details
    • New
      $1,000 /Mo

      Contractor Yard for Lease

      Flexible contractor yard for lease with ample outdoor storage.
      899 North Main St, Killingly, CT 06239
      View Details
    • $600 /Mo
      400 SF

      Downtown Commercial Space For Rent

      Versatile commercial space in a prime downtown location.
      14 Center St, Killingly, CT 06239
      View Details
    • $1,200 /Mo

      Downtown Danielson Commercial Space Available

      Commercial space for rent in a desirable downtown location.
      72A Main St, Danielson, CT 06239
      View Details
    • $1,200 /Mo
      576 SF

      Downtown Danielson Commercial Space

      Commercial space in downtown Danielson, perfect for various businesses.
      72A Main St, Killingly, CT 06239
      View Details
    • $1,200 /Mo

      Downtown Danielson Mixed-Use Opportunity

      Mixed-use property with ample parking and updated features for rent.
      113 School St, Danielson, CT 06239
      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.
    20-26 Wauregan Rd
    Killingly, CT 06239
    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
    20-26 Wauregan Rd, Killingly, CT, 06239
    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!