Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1548 Main St Willimantic, CT 06226-1142

    • Showrooms
    • 9,841 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0287963
    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

    • Albee Margaret A / Physician
    • Planned Parenthood - Willimantic Center / Abortion Clinic / Family Planning Center
    • Spectrum / Telecommunications Service / Data Center
    • Fine Fettle - Willimantic / (Bike/Boat/Book/etc) Store
    • Nail Vanity / Nail Salon

    Property Details for 1548 Main St

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.70 lot acres
    Property size
    9,841 SF
    Zone code
    B2A
    Property type
    Showrooms
    APN
    WNDH M:10-03 B:007 L:10
    APU
    WNDHM1003B007L10

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,179,000
      Market price range: $525k - $1.18M
      AI Estimate
      $1,118,000
      Market price range: $497k - $1.12M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $875,000
      Current use
      RETAIL STORES
      $995,000
      Change: +14% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $860,000
      Change: -2% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $705,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Willimantic
    County
    Windham
    State
    Connecticut
    Longitude
    -72.2363
    Latitude
    41.7189
    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
    $37,211
    $216,510
    $568,540
    $785,050
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      58,264 SF

      1391 Main St

      SHOW ROOM, WAREHOUSE • 58,264 SF
      1391 Main St, Willimantic, CT 06226-1949
      View Details
    • Value Estimation by Request
      1,056 SF

      50 Carey St

      SHOW ROOM, WAREHOUSE • 1,056 SF
      50 Carey St, Willimantic, CT 06226
      View Details
    • Value Estimation by Request
      4,410 SF

      15 Fairview St

      SHOW ROOM, WAREHOUSE • 4,410 SF
      15 Fairview St, Willimantic, CT 06226-3600
      View Details
    • Value Estimation by Request
      3,438 SF

      41 High St

      SHOW ROOM, WAREHOUSE • 3,438 SF
      41 High St, Willimantic, CT 06226-2205
      View Details
    • Value Estimation by Request
      4,262 SF

      78 Lebanon Ave

      SHOW ROOM, WAREHOUSE • 4,262 SF
      78 Lebanon Ave, Willimantic, CT 06226-3337
      View Details
    • Value Estimation by Request
      7,469 SF

      757 Main St

      SHOW ROOM, WAREHOUSE • 7,469 SF
      757 Main St, Willimantic, CT 06226-2503
      View Details

    Similar Nearby for Sale

    • $355,000
      Pending

      Mixed-Use Investment Property For Sale

      Mixed-use property with income streams and value-add potential.
      129 Valley St, Windham, CT 06226
      View Details
    • $449,000
      5,560 SF

      Windham Mixed-Use Investment Opportunity

      Downtown Windham, Two Buildings, High Potential
      948 Main St, Windham, CT 06226
      View Details
    • $500,000
      17,400 SF

      Prime Windham Commercial Property

      17,400 SF, Mixed-Use Potential
      872 Main St, Windham, CT 06226
      View Details
    • $3,500,000
      12,696 SF

      Office/Retail Building at Gateway Commons

      12,696 SF office/retail building for sale with highway access.
      1681 West Main St, Windham, CT 06226
      View Details
    • $500,000
      17,400 SF

      Main Street Mixed-Use Redevelopment Opportunity

      17,400+/- SF building suitable for redevelopment or entertainment venue.
      872 Main St, Windham, CT 06226
      View Details
    • $3,500,000

      Office/Retail Building at Gateway Commons

      12,696 SF office/retail building for sale with highway access.
      1681 W Main St, Windham, CT 06226
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Renovated Retail/Office Space Available

      Renovated retail or office space with bright, open layout.
      21 Church St, Windham, CT 06226
      View Details
    • $144 SF/Yr
      2,000 SF

      Retail Space in Willimantic, CT

      2000 SF retail space available for lease.
      21-25 Church St, Willimantic, CT 06226
      View Details
    • $12 SF/Yr

      Downtown Willimantic Retail/Office Space

      Retail or office space in vibrant downtown Willimantic.
      757 Main St, Windham, CT 06226
      View Details
    • $18 SF/Yr
      4,912 SF

      Retail/Office Space on Route 32

      Retail and office spaces available near major retailers and universities.
      1681 West Main St, Windham, CT 06226
      View Details
    • $18 SF/Yr

      Prime Retail Space Available

      Retail space for lease with high visibility and traffic.
      1681 W Main St, Windham, CT 06226
      View Details
    • $12 SF/Yr
      12,838 SF

      Downtown Willimantic Retail/Office Space

      Retail or office space in downtown Willimantic.
      757 Main St, Windham, CT 06226
      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.
    1548 Main St
    Willimantic, CT 06226-1142
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!