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    134 Main St Killingly, CT 06239
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    134 Main St, Killingly, CT 06239

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    • Retail space
    • 22,534 SF
    • 0.20 lot acres
    For Sale
    $1,100,000
    View Listing →
    Downtown Killingly Mixed-Use Building For Sale
    $1,100,000
    15,096 SF

    Downtown Killingly Mixed-Use Building

    Renovated mixed-use building in downtown Danielson with retail and office space.

    134 Main Street, Killingly, CT 06239
    View Listing
    Property ID
    US15-0057095
    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

    • Retail space

    Property Details for 134 Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.20 lot acres
    Zone code
    CBD
    Property type
    Retail space
    APN
    KILL M:198 B:135
    APU
    KILLM198B135

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 9, 2016 — Rivers Realty LLC — Deed · related $1.2M · Putnam Bk
    Jun 30, 2015 $53,000 Jesse Schumacher Thomas David Warranty Deed —
    May 8, 2008 — Rivers Realty LLC — Deed Of Trust · related $70k · Citizens National Bank
    Mar 30, 2005 $775,000 Rivers Realty LLC Northeast Dev Co Warranty Deed $698k · Zenon Grzybowski
    Jul 9, 1999 — Northeast Dev Co LLC — Deed Of Trust · related $115k · New London Trust
    May 6, 1999 — Northeast Dev Co INC — Deed Of Trust · related $272k · Town Of Killingly
    Oct 30, 1998 — Northeast Dev Co LLC — Deed Of Trust · related $300k · New London Trust
    — — Rivers Realty LLC — Deed Of Trust · related $482k · Charter Oak FCU
    — — Rivers Realty LLC — Deed Of Trust · related $1.2M · Putnam Bk

    Description

    This exceptional three-story commercial building, located at 134 Main Street in the heart of Downtown Danielson, Killingly, CT, presents a unique investment opportunity. Spanning 15,096 square feet on a 0.2-acre lot, the property boasts a completely renovated interior and exterior, completed in 1999. All major systems, including plumbing, heating, and electrical, have been replaced, ensuring modern functionality and efficiency. A comprehensive double sprinkler system safeguards all three floors, complemented by a central alarm system for enhanced security. Currently, the building enjoys strong occupancy, with four tenants on the first floor and two on the second. The third floor is partially finished, offering significant untapped potential for additional rental income, which is not reflected in the current asking price of $1,150,000. An elevator provides convenient access to all three floors, plus a basement level. Ample municipal parking, owned and maintained by the Town of Killingly, is readily available for tenants and customers. This property offers a blend of immediate income generation and substantial future growth potential, making it an attractive investment in a thriving downtown area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $645,000
      Market price range: $512k - $1.79M

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

    Location Insight

    • Map
    • Local Demand
    City
    Killingly
    County
    Windham
    State
    Connecticut
    Longitude
    -71.8835
    Latitude
    41.805
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT METROPOLITAN 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
    $14,986
    $19,600
    $447,440
    $467,040
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      12,824 SF

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    • Value Estimation by Request
      6,994 SF

      157 Main St

      RETAIL STORES (PERSONAL SERVICES)
      157 Main St, Killingly, CT 06239-2814
      View Details
    • Value Estimation by Request
      12,816 SF

      100 Main St

      RETAIL STORES (PERSONAL SERVICES)
      100 Main St, Killingly, CT 06239-2820
      View Details
    • Value Estimation by Request
      3,743 SF

      181 Main St

      RETAIL STORES (PERSONAL SERVICES)
      181 Main St, Killingly, CT 06239-2815
      View Details
    • Value Estimation by Request
      15,050 SF

      12 Furnace St

      RETAIL STORES (PERSONAL SERVICES)
      12 Furnace St, Killingly, CT 06239-3027
      View Details
    • Value Estimation by Request
      834 SF

      837 Providence Pike

      RETAIL STORES (PERSONAL SERVICES)
      837 Providence Pike, Killingly, CT 06239-3903
      View Details

    Similar Nearby for Sale

    • $440,000

      Mixed-Use Income Property For Sale

      Mixed-use property with commercial and residential units in downtown.
      10 Center St, Danielson, CT 06239
      View Details
    • $595,000
      4,765 SF

      Killingly Gas Station/Retail Opportunity

      Gas station/retail location off I-395 in Killingly, CT.
      124 Westcott Rd, Killingly, CT 06239
      View Details
    • $499,900
      13,050 SF

      Versatile Commercial Building with Parking

      Commercial building in Danielson with storefronts and expansion potential.
      162 Main St, Killingly, CT 06239
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing

      Killingly Retail Space For Rent

      Single tenant retail space available for rent in Killingly.
      70 Wauregan Rd, 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
    View Listing
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    Killingly, CT 06239
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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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