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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    103 Elm St Thomaston, CT 06787-1705

    • Residential income homes
    • 2,804 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Aug 19, 2021
    $240,000
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0810212
    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

    • Residential income homes

    Property Details for 103 Elm St

    Year built
    1870
    Construction
    FRAME
    Lot size
    0.25 lot acres
    Property size
    2,804 SF
    Zone code
    RA15
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    THOM M:40 B:11 L:07
    APU
    THOMM40B11L07

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $270,000
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $333,000
      Market price range: $221k - $436k
      AI Estimate
      $263,000
      Market price range: $222k - $346k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $350,000
      Current use
      COMMERCIAL (GENERAL)
      $410,000
      Change: +18% Conversion: Moderate
      OFFICE BUILDING
      $325,000
      Change: -7% Conversion: Moderate
      RETAIL STORES
      $320,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Thomaston
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.0739
    Latitude
    41.6714
    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
    2024
    $5,907
    $40,950
    $130,970
    $171,920
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      2,946 SF

      80 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,946 SF
      80 Main St, Thomaston, CT 06787-1681
      View Details
    • Value Estimation
      $335,000
      4,711 SF

      26 Litchfield St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,711 SF
      26 Litchfield St, Thomaston, CT 06787-1425
      View Details
    • Value Estimation
      $285,000
      3,126 SF

      32 Homestead Park

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,126 SF
      32 Homestead Park, Thomaston, CT 06787
      View Details
    • Value Estimation
      $385,000
      4,944 SF

      40 Sanford Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,944 SF
      40 Sanford Ave, Thomaston, CT 06787-1532
      View Details
    • Value Estimation
      $325,000
      2,784 SF

      47 Marine St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,784 SF
      47 Marine St, Thomaston, CT 06787-1469
      View Details
    • Value Estimation
      $310,000
      3,000 SF

      262 High St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,000 SF
      262 High St, Thomaston, CT 06787-1555
      View Details

    Similar Nearby for Sale

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      New Mobile Home in Park

      New two-bedroom mobile home with modern amenities in Thomaston, CT.
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      Thomaston Multifamily Property for Sale

      Multifamily property in Thomaston, CT, available for purchase.
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    • $389,900
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      Mixed-Use Property in Downtown Thomaston

      Multi-use property with commercial and residential units in downtown Thomaston.
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    • $389,900
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      Thomaston Mixed-Use Investment Opportunity

      Multi-use property in downtown Thomaston with commercial and residential units.
      22 Park St, Thomaston, CT 06787
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    • $795,000
      8,582 SF

      Office/Retail Building For Sale

      8,582 SF office/retail building on 0.81 acres.
      505 S Main St, Thomaston, CT 06787
      View Details
    • $75,000
      8.16 Acres

      Residential Land in Thomaston, CT

      8.16-acre interior lot for single home construction.
      120 Hotchkiss Ave, Thomaston, CT 06787
      View Details

    Similar Nearby for Lease

    • $1,795 /Mo

      Clean, Bright Townhouse Apartment

      Recently renovated townhouse apartment with garage in quiet Thomaston area.
      155 Bristol St, Thomaston, CT 06787
      View Details
    • $1,500 /Mo

      Renovated Apartment Near Town Center

      Newly renovated 1-bedroom apartment near Thomaston town center.
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      View Details
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      Thomaston Multifamily Property for Rent

      Multifamily property available for rent in Thomaston, Connecticut.
      18 Broadview Hts, Thomaston, CT 06787
      View Details
    • $2,200 /Mo

      Updated Duplex in Private Setting

      Spacious 3-bedroom duplex units with modern updates and ample parking.
      227 Railroad St, Thomaston, CT 06787
      View Details
    • $1,495 /Mo

      Thomaston Multifamily Property For Rent

      Multifamily property available for rent in Thomaston, Connecticut.
      700 High Street Ext, Thomaston, CT 06787
      View Details
    • $2,500 /Mo

      Well-Maintained Apartment with Yard

      Apartment with deck, yard, and quiet neighborhood.
      136 Reynolds Bridge Rd, Thomaston, CT 06787
      View Details
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    103 Elm St
    Thomaston, CT 06787-1705
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    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
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