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    Property profile & analytics

    218 Main St Torrington, CT 06790-6450

    • Residential income homes
    • 3,943 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Jul 18, 2022
    $350,000
    Value Estimations
    $420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0217752
    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

    • Torrington Sash & Door Works / Door Supplier

    Property Details for 218 Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.14 lot acres
    Property size
    3,943 SF
    Zone code
    DD-R
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    TORR M:116 B:018 L:002
    APU
    TORRM116B018L002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $425,000
      ML approach
      $360,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $310,000
      Market price range: $311k - $614k
      AI Estimate
      $312,000
      Market price range: $312k - $487k

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1209
    Latitude
    41.7959
    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
    $5,700
    $20,160
    $98,690
    $118,850
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      4,849 SF

      274 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,849 SF
      274 Main St, Torrington, CT 06790-5466
      View Details
    • Value Estimation
      $285,000
      3,541 SF

      23 Highland Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,541 SF
      23 Highland Ave, Torrington, CT 06790-4863
      View Details
    • Value Estimation
      $255,000
      3,217 SF

      89 Washington Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,217 SF
      89 Washington Ave, Torrington, CT 06790-5180
      View Details
    • Value Estimation
      $230,000
      5,238 SF

      235 Calhoun St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,238 SF
      235 Calhoun St, Torrington, CT 06790-3770
      View Details
    • Value Estimation
      $250,000
      4,464 SF

      1 Harwinton Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,464 SF
      1 Harwinton Ave, Torrington, CT 06790-6503
      View Details
    • Value Estimation
      $375,000
      0.56 Acres

      102 Brk St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.56 Acres
      102 Brk St, Torrington, CT 06790-5012
      View Details

    Similar Nearby for Sale

    • $600,000

      Torrington Multifamily Investment Opportunity

      Six-unit multifamily property in Torrington with strong rental appeal.
      291 E Main St, Torrington, CT 06790
      View Details
    • $299,900
      22.58 Acres

      Torrington Land Ideal for Development

      22.58-acre lot zoned for apartment complexes, utilities available.
      Queens Rd, Torrington, CT 06790
      View Details
    • $1,195,000
      5,000 SF

      Torrington, CT 6-Unit Apartment Building

      Brand new, 6-unit apartment complex, ready March 2025.
      775 Main St, Torrington, CT 06790
      View Details
    • $530,000

      Residential Income Property For Sale

      Residential income property available for purchase.
      30 Culvert St, Torrington, CT 06790
      View Details
    • New
      $465,000
      3,158 SF

      Torrington Three-Family Vacant Property

      Well-maintained, updated three-family property in Torrington, ideal for owner-occupants/investors.
      154 High St, Torrington, CT 06790
      View Details
    • $349,900
      1,768 SF

      Side-by-Side Duplex in Torrington, CT

      Spacious duplex with garages, laundry, and balcony.
      84 Wilmot St, Torrington, CT 06790
      View Details

    Similar Nearby for Lease

    • $1,450 /Mo

      Spacious Apartment with Original Details

      Charming apartment featuring hardwood floors, porches, and convenient parking.
      44 Bird St, Torrington, CT 06790
      View Details
    • $1,350 /Mo

      Spacious Apartment with Open Kitchen

      Two-bedroom apartment featuring large kitchen, dining area, and hardwood floors.
      52 Tracy Ave, Torrington, CT 06790
      View Details
    • $1,100 /Mo

      Park Avenue Apartment For Rent

      Cozy 2-bedroom apartment near downtown Torrington.
      517 Park Ave, Torrington, CT 06790
      View Details
    • $1,200 /Mo

      Cozy Apartment Near Downtown

      Bright 1-bedroom apartment in a convenient Torrington location.
      375 N Elm St, Torrington, CT 06790
      View Details
    • $1,150 /Mo

      Spacious Apartment Near Downtown

      One-bedroom apartment within walking distance to downtown.
      58 New Litchfield St, Torrington, CT 06790
      View Details
    • $950 /Mo

      Spacious Apartment in Well-Maintained Building

      One-bedroom apartment with eat-in kitchen, close to downtown.
      44 Brookside Ave, Torrington, CT 06790
      View Details
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    218 Main St
    Torrington, CT 06790-6450
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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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