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

    220 Westchester Rd Colchester, CT 06415-2423

    • Showrooms
    • 4,400 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0483896
    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

    • Sky Dog Kites / (Bike/Boat/Book/etc) Store / Arcade & Gaming Center

    Property Details for 220 Westchester Rd

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.00 lot acres
    Property size
    4,400 SF
    Zone code
    RU
    Property type
    Showrooms
    APN
    COLC M:005 B:014 L:068-000
    APU
    COLCM005B014L068000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Colchester
    County
    New London
    State
    Connecticut
    Longitude
    -72.402
    Latitude
    41.5729
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, 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
    $6,261
    $92,100
    $137,900
    $230,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,888 SF

      16 Wall St

      SHOW ROOM, WAREHOUSE • 3,888 SF
      16 Wall St, Colchester, CT 06415-1161
      View Details
    • Value Estimation by Request
      6,803 SF

      28 Amston Rd

      SHOW ROOM, WAREHOUSE • 6,803 SF
      28 Amston Rd, Colchester, CT 06415-1045
      View Details
    • Value Estimation by Request
      5,416 SF

      44 Amston Rd

      SHOW ROOM, WAREHOUSE • 5,416 SF
      44 Amston Rd, Colchester, CT 06415-1045
      View Details
    • Value Estimation by Request
      1,258 SF

      104 Broadway St

      SHOW ROOM, WAREHOUSE • 1,258 SF
      104 Broadway St, Colchester, CT 06415-1020
      View Details
    • Value Estimation by Request
      1,736 SF

      176 Broadway St

      SHOW ROOM, WAREHOUSE • 1,736 SF
      176 Broadway St, Colchester, CT 06415-1024
      View Details
    • Value Estimation by Request
      2,304 SF

      67 Lebanon Ave

      SHOW ROOM, WAREHOUSE • 2,304 SF
      67 Lebanon Ave, Colchester, CT 06415-1211
      View Details

    Similar Nearby for Sale

    • $519,000
      2,237 SF

      Versatile Mixed-Use Building in Colchester

      Pristine mixed-use building in downtown Colchester with expansion potential.
      56 Norwich Ave, Colchester, CT 06415
      View Details
    • Contact for pricing

      Colchester Development Opportunity

      Land in Colchester's New Business Park District.
      255-275 Parum Rd, Colchester, CT 06415
      View Details
    • Contact for pricing
      19,742 SF

      6-Plex Theater for Sale

      820-seat theater built in 1999 with strong sales.
      396 Old Hartford Rd, Colchester, CT 06415
      View Details
    • Contact for pricing

      72.3 Acres of Raw Land

      Large land parcel available in Colchester, Connecticut.
      225 Parum Rd, Colchester, CT 06415
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,233 SF

      Colchester Retail Space in Plaza

      3,200 SF retail space in well-known Colchester plaza.
      493 Westchester Rd, Colchester, CT 06415
      View Details
    • $1,100 /Mo
      1,000 SF

      Downtown Retail Space Available

      Retail space in a prime downtown location for rent.
      44 Main St, Colchester, CT 06415
      View Details
    • Contact for pricing

      Retail Space in Colchester Keystone

      Retail space for lease in busy Colchester shopping center.
      179 Linwood Ave, Colchester, CT 06415
      View Details
    • Contact for pricing

      Retail Space on Route 16

      Retail space available on Route 16 with high traffic.
      131 Linwood Ave, Colchester, CT 06415
      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.
    220 Westchester Rd
    Colchester, CT 06415-2423
    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!