Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1185 New Litchfield St Torrington, CT 06790
    Back to Search
    Property profile & analytics

    1185 New Litchfield St, Torrington, CT 06790

    View on Map
    • Office buildings
    • 5,248 SF
    • 1.10 lot acres
    For Sale
    $950,000
    View Listing →
    Turnkey Commercial Property on Route 202 For Sale
    $950,000
    5,248 SF

    Turnkey Commercial Property on Route 202

    Fully occupied commercial building with long-term tenants and high visibility.

    1185 New Litchfield Street, Torrington, CT 6790
    View Listing
    Property ID
    US15-0016318
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arnold Gregory L DDS / Dental Office
    • Arnold Mary B DDS / Dental Office
    • US Consolidated Farm Services Agency / Sustainability Organization
    • Peter Rudzinskiy Md / Physician / Medical Clinic
    • Northwest Physical Medicine LLC / Medical Clinic / Physician

    Property Details for 1185 New Litchfield St

    Year built
    1955
    Construction
    FRAME
    Lot size
    1.10 lot acres
    Zone code
    LB
    Property type
    Office buildings
    APN
    TORR M:101 B:001 L:006
    APU
    TORRM101B001L006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $517,000
      Market price range: $280k - $637k
      AI Estimate
      $640,000
      Market price range: $314k - $909k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $480,000
      Current use
      RESTAURANT
      $685,000
      Change: +43% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $655,000
      Change: +36% Conversion: Easy
      RETAIL STORES
      $490,000
      Change: +2% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $385,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1462
    Latitude
    41.7859
    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
    $14,888
    $51,800
    $258,620
    $310,420
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,737 SF

      34 Highland Ave

      OFFICE BUILDING
      34 Highland Ave, Torrington, CT 06790-4829
      View Details
    • Value Estimation by Request
      2,452 SF

      9 Mason St

      OFFICE BUILDING
      9 Mason St, Torrington, CT 06790-5311
      View Details
    • Value Estimation by Request
      2,425 SF

      157 Migeon Ave

      OFFICE BUILDING
      157 Migeon Ave, Torrington, CT 06790-4818
      View Details
    • Value Estimation by Request
      1,550 SF

      1 Newbury Pl

      OFFICE BUILDING
      1 Newbury Pl, Torrington, CT 06790-6037
      View Details
    • Value Estimation by Request
      3,553 SF

      387 Litchfield St

      OFFICE BUILDING
      387 Litchfield St, Torrington, CT 06790-6602
      View Details
    • Value Estimation by Request
      5,850 SF

      147 Litchfield St

      OFFICE BUILDING
      147 Litchfield St, Torrington, CT 06790-6423
      View Details

    Similar Nearby for Sale

    • $780,000

      Torrington Office Building For Sale

      Highly visible office building with ample parking and convenient location.
      16 Bird St, Torrington, CT 06790
      View Details
    • $950,000
      Pending

      Turnkey Commercial Property Route 202

      Fully occupied commercial property with established tenants.
      1185 New Litchfield St, Torrington, CT 06790
      View Details
    • $695,000
      7,588 SF

      Historic Bank Building with Elegance

      Historic bank building suitable for various commercial uses.
      236 Prospect St, Torrington, CT 06790
      View Details
    • $950,000
      5,248 SF

      Turnkey Commercial Property on Route 202

      Fully occupied commercial building with long-term tenants and high visibility.
      1185 New Litchfield St, Torrington, CT 06790
      View Details
    • Contact for pricing
      6,504 SF

      Torrington Office Building For Sale

      6,504 SF office building available for purchase.
      1598 E Main St, Torrington, CT 06790
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo
      500 SF

      Renovated Storefront with Utilities Included

      Newly renovated 500+ sq ft storefront with utilities included.
      11 Main St, Torrington, CT 06790
      View Details
    • $850 /Mo

      Downtown Torrington Commercial Space Available

      Versatile commercial space in downtown Torrington, ideal for various businesses.
      86 Water St, Torrington, CT 06790
      View Details
    • $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
    • Contact for pricing

      Main Street Retail/Office Space

      Prime retail or office space on Main Street, Torrington.
      523 Main St, Torrington, CT 06790
      View Details
    • $750 /Mo

      Renovated Studio Space on Main

      Fully renovated studio spaces suitable for offices or studios.
      19 E Main St, Torrington, CT 06790
      View Details
    View Listing
    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.
    1185 New Litchfield St
    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
    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
    1185 New Litchfield St, Torrington, CT, 06790
    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!