Sign Up Successful!
You now have access to more from Realmo!
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

    193 Pickett District Rd New Milford, CT 06776-4414

    • Industrial properties
    • 11,640 SF
    • 2.58 lot acres
    OFF-MARKET
    Last Sale
    Nov 16, 2020
    $940,000
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0441401
    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

    • Conlet Plastics Inc / Plastic Fabrication Company
    • A E Aubin & Co / Manufacturer

    Property Details for 193 Pickett District Rd

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    2.58 lot acres
    Property size
    11,640 SF
    Zone code
    RI
    Property type
    Industrial properties
    APN
    NMIL M:18-2 L:64-A
    APU
    NMILM182L64A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $975,000
      ML approach
      $1,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $877,000
      Market price range: $658k - $1.37M
      AI Estimate
      $1,283,000
      Market price range: $1.10M - $2.08M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,055,000
      Current use
      RESTAURANT
      $1,525,000
      Change: +44% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,450,000
      Change: +37% Conversion: Difficult
      OFFICE BUILDING
      $1,355,000
      Change: +28% Conversion: Difficult
      RETAIL STORES
      $1,330,000
      Change: +26% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    New Milford
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.4102
    Latitude
    41.5491
    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
    $14,679
    $266,700
    $239,820
    $506,520
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $265,000
      1,145 SF

      12 Old Rte 7th Plz

      CONDOMINIUMS (INDUSTRIAL) • 1,145 SF
      12 Old Rte 7th Plz, New Milford, CT 06776-4338
      View Details
    • Value Estimation
      $270,000
      1,145 SF

      1 Old Rte 7th Plz

      CONDOMINIUMS (INDUSTRIAL) • 1,145 SF
      1 Old Rte 7th Plz, New Milford, CT 06776-4338
      View Details
    • Value Estimation by Request
      1.33 Acres

      1 Roger Sherman Rd

      Land • 1.33 Acres
      1 Roger Sherman Rd, New Milford, CT 06776
      View Details
    • Value Estimation
      $85,000
      3,364 SF

      19 Old Rte 7th Plz

      CONDOMINIUMS (INDUSTRIAL) • 3,364 SF
      19 Old Rte 7th Plz, New Milford, CT 06776-4339
      View Details
    • Value Estimation
      $220,000
      2,265 SF

      180 Sunny Vly Rd Ste, Unit 16

      CONDOMINIUMS (INDUSTRIAL) • 2,265 SF
      180 Sunny Vly Rd Ste, New Milford, CT 06776-3362
      View Details
    • Value Estimation
      $275,000
      1,000 SF

      147 Danbury Rd Ste, Unit 7

      CONDOMINIUMS (INDUSTRIAL) • 1,000 SF
      147 Danbury Rd Ste, New Milford, CT 06776-3426
      View Details

    Similar Nearby for Sale

    • $6,750,000
      63,967 SF

      New Milford Industrial Property

      63,967 SF Warehouse, Vacant, $6.75M
      80 Pickett District Rd, New Milford, CT 06776
      View Details
    • Contact for pricing
      328,360 SF

      Industrial Buildings on 67 Acres

      Seven industrial buildings totaling 328,360 SF on 67 acres.
      33 Boardman Rd, New Milford, CT 06776
      View Details
    • $179,900

      Downtown New Milford Commercial Condo

      Commercial condo with 200 amp power in downtown New Milford.
      45 West St, New Milford, CT 06776
      View Details
    • $1,100,000
      4,976 SF

      Village Center Industrial-Style Building

      Industrial-style building in Village Center district, multiple uses allowed.
      96 Railroad St, New Milford, CT 06776
      View Details
    • $2,250,000
      13,000 SF

      Prime New Milford Retail Center

      High-traffic retail space, two buildings.
      5 Danbury Rd, New Milford, CT 06776
      View Details
    • $800,000

      Lake Community Land with Waterfront Access

      Rare opportunity: build your dream home with lake access and boat slip.
      7 Eagle Dr, New Milford, CT 06776
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,750 SF

      New Milford Warehouse Space Available

      Versatile warehouse units, 1250-2500 sq ft.
      94 Danbury Rd, New Milford, CT 06776
      View Details
    • $9 SF/Yr
      130,000 SF

      Bleachery Office Space, New Milford, CT

      Historic Mill Building, Flexible Suites Available
      143 West St, New Milford, CT 06776
      View Details
    • $10 SF/Yr
      63,267 SF

      New Milford Industrial Facility

      63,267 SF Industrial Space - Subdividable
      80 Pickett District Rd, New Milford, CT 06776
      View Details
    • Contact for pricing
      6,000 SF

      Modern Industrial Space For Lease

      New industrial space with flexible options and easy access.
      21 Still River Dr, New Milford, CT 06776
      View Details
    • Contact for pricing
      3,000 SF

      Restored Mill Building For Lease

      Historic 130,000 SF mill building suitable for offices, R&D.
      143 Street Ext W, New Milford, CT 06776
      View Details
    • Contact for pricing
      14,000 SF

      Retail Space in Dominant Center

      Retail space available in a busy Litchfield County shopping center.
      173 Danbury Rd, New Milford, CT 06776
      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.
    193 Pickett District Rd
    New Milford, CT 06776-4414
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.