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    Property profile & analytics

    247 Elm St Torrington, CT 06790-4608

    • Investment properties
    • 3,138 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Location Intelligence
    Property ID
    US15-0167610
    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

    • Hairspray Salon / Beauty Salon / Spa

    Property Details for 247 Elm St

    Year built
    1904
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    3,138 SF
    Zone code
    LB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    TORR M:108 B:017 L:010
    APU
    TORRM108B017L010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $210,000
      6.5%
      $190,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $200,000
      Mixed-Use
      $205,000
      Hospitality
      $205,000
      Educational
      $190,000
      Residential Income
      $185,000
      Energy
      $170,000
      Income-Based Land
      $200,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1282
    Latitude
    41.8121
    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
    2024
    $6,313
    $54,950
    $76,660
    $131,610
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $150,000
      1,923 SF

      700 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,923 SF
      700 Main St, Torrington, CT 06790-3603
      View Details
    • Value Estimation
      $285,000
      2,996 SF

      221 Oak Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,996 SF
      221 Oak Ave, Torrington, CT 06790-6852
      View Details
    • Value Estimation
      $195,000
      2,267 SF

      439 Prospect St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,267 SF
      439 Prospect St, Torrington, CT 06790-4938
      View Details
    • Value Estimation
      $230,000
      1.40 Acres

      182 Goshen Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1.40 Acres
      182 Goshen Rd, Torrington, CT 06790-2745
      View Details
    • Value Estimation
      $70,000
      1,960 SF

      937 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,960 SF
      937 Main St, Torrington, CT 06790-3907
      View Details
    • Value Estimation
      $265,000
      9,776 SF

      43 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,776 SF
      43 Main St, Torrington, CT 06790
      View Details

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    • $1,300 /Mo
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      Newly renovated retail or office space with high visibility.
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      Versatile commercial space in downtown Torrington, ideal for various uses.
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      Spacious Apartment with Original Details

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    Property Visit Statistics

    • Visits by month
      829
    • Visitors by month
      1.8k
    • Avg Time on site
      30 min
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    247 Elm St
    Torrington, CT 06790-4608
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    Realmo Value Estimation

    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.

    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.

    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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