Individually Owned Property summary
AI-generated overview
This exceptional commercial property, situated at 2 East Lake Street in Winsted, Connecticut, presents a unique investment opportunity. The 5,220 square foot lot is ideally located in the highly sought-after Highland Lake Business Zone, directly across from Resha Beach. Its strategic position offers unparalleled visibility and accessibility. The property's versatility makes it suitable for a wide range of commercial ventures, including retail establishments, restaurants, breweries, or other similar businesses. The presence of three overhead doors adds significant operational flexibility. The property's zoning allows for a variety of uses, making it an attractive prospect for entrepreneurs and investors alike. This is a rare chance to acquire a substantial commercial parcel in a thriving Connecticut community, offering significant potential for growth and return on investment. The asking price for this exceptional property is $750,000. The property is located in Northwest Hills County, Connecticut, zip code 06098. The address is 2 East Lake St, Winsted, CT.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,220 SF
Lot
0.47 ac (20,473 SF)
Zoning code
HLB
APN
WINC M:114 B:083 L:001F
UPID
US15-0895410
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Carpet & Flooring Store Hardware & Home Improvement
-
Hardware & Home Improvement Kitchen & Bath Showroom
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$300k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$300k
Owner & transaction history
since 1999
2 recorded transactions
Zoning & alternative use
HLB · Winsted, CT
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$300k
Value range
$270k – $330k
±10% around blend
Estimated value / SF
$57 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
40
$270k
blend $300k
$330k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,220 SF
Lot area
0.47 ac
Year built
1956
Stories
1
APN
WINC M:114 B:083 L:001F
Zoning
HLB
Assessed value
$181,650
Annual tax
$4,794
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$777k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
23.9 mi away · 6,448 SF
24.5 mi away · 4,792 SF
24.9 mi away · 4,700 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$300k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 60 sales
$114
-50%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $57/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$182k
Move the market yield to see immediate price impact.
Value / SF
$35
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$11k
$229k
$163k
$127k
$13k
$254k
$182k
$141k
$14k
$280k
$200k
$155k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$850k
18.6 mi · Nov 2025 · $142/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,794
Tax year 2023
Assessed value
$181,650
Assessed 2023
Previous assessed
$134,120
+35.4% YoY
Effective rate
2.64%
On assessed value
Assessed land
$51,450
Assessed improvement
$130,200
Applied tax rate
242.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
5,220 SF
Lot
0.47 ac (20,473 SF)
Zoning code
HLB
APN
WINC M:114 B:083 L:001F
UPID
US15-0895410
Jurisdiction
WINCHESTER
Zoning & alternative use
HLB · Winsted, CTZoning HLB · permitted uses
HLB · Winsted, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.47 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HLB
Jurisdiction
Winsted, CT
Recorded code
HLB
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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