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    127 Echo Lake Rd Watertown, CT 06795
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    127 Echo Lake Rd, Watertown, CT 06795

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    • Industrial properties
    • 4.23 lot acres
    For Lease
    $8,400/Mo
    View Listing →
    Watertown Commercial Space For Lease For Lease
    $8,400/Mo

    Watertown Commercial Space For Lease

    Commercial space available for lease in Watertown, Connecticut.

    127 Echo Lake Rd, Watertown, CT 6795
    View Listing
    Property ID
    US15-1174623
    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

    • vpanimationsllc / Film Production / Television Studio
    • Fine Terroir Selections LLC / Specialty Food Shop / Wine and Liquor Store
    • Kicker Designs LLC / (Bike/Boat/Book/etc) Store / Printing Service
    • Roska Upholstery / Furniture & Home Goods
    • Kelley Massage and Therapeutic Bodywork / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 127 Echo Lake Rd

    Lot size
    4.23 lot acres
    Zone code
    IR200
    Property type
    Industrial properties
    APN
    WTWN M:100 B:48 L:36
    APU
    WTWNM100B48L36

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 1, 2004 $1,500,000 Mrco Industrial Mrco LLC Warranty Deed · related $1.4M · Zenon Grzybowski

    Description

    This exceptional 9,700-square-foot industrial property, located at 127 Echo Lake Road in Watertown, Connecticut, presents a unique leasing opportunity. The building is currently fully vacant and offers flexible space options, ideal for multiple tenants. Individual units range from a minimum of 700 square feet to a maximum contiguous space of 2,650 square feet, providing adaptability for various business needs. The property is classified as both office and industrial, catering to a wide range of potential uses within the manufacturing and warehouse sectors. Situated in Litchfield County, with a convenient Watertown address and zip code 06795, this location offers excellent accessibility. The property's total square footage is 9,700 square feet, all of which is available for lease. This presents a rare chance to secure a substantial space in a desirable location. The building's design allows for multiple tenants, making it suitable for businesses seeking individual units or those requiring larger, contiguous areas. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy. This prime location in Watertown, CT offers a strategic advantage for businesses seeking efficient operations and convenient access to transportation networks.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1121
    Latitude
    41.6069
    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
    $33,078
    $321,000
    $576,400
    $897,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      182,765 SF

      27 Siemon Company Dr

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      150 Callender Rd

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      56 Echo Lk Rd

      INDUSTRIAL (GENERAL)
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      6,500 SF

      196 Callender Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
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    • Value Estimation by Request
      12.48 Acres

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      INDUSTRIAL (GENERAL)
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      View Details

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      Watertown Commercial Space For Lease

      Commercial space available for lease in Watertown, Connecticut.
      127 Echo Lake Rd, Watertown, CT 06795
      View Details
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      Stand-Alone Office Building on Acres

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    View Listing
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    Watertown, CT 06795
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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.

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