Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    297 School St Putnam, CT 06260-1362
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    297 School St Putnam, CT 06260-1362

    View on Map
    • Showrooms
    • 2,460 SF
    • 0.26 lot acres
    Off-Market
    Property ID
    US15-0631709
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shop / Hair Salon
    • The Holistic Health Nurse / Alternative Medicine Practice

    Property Details for 297 School St

    Year built
    1941
    Construction
    FRAME
    Lot size
    0.26 lot acres
    Property size
    2,460 SF
    Property type
    Showrooms
    APN
    PUTN M:012 L:016 U:000
    APU
    PUTNM012L016U000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Putnam
    County
    Windham
    State
    Connecticut
    Longitude
    -71.9007
    Latitude
    41.9214
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-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
    $4,727
    $40,800
    $107,900
    $148,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      950 SF

      248 Grv St

      SHOW ROOM, WAREHOUSE • 950 SF
      248 Grv St, Putnam, CT 06260-2231
      View Details
    • Value Estimation by Request
      2,210 SF

      84 Frnt St

      SHOW ROOM, WAREHOUSE • 2,210 SF
      84 Frnt St, Putnam, CT 06260-1606
      View Details
    • Value Estimation by Request
      4,514 SF

      23 Ballou St

      SHOW ROOM, WAREHOUSE • 4,514 SF
      23 Ballou St, Putnam, CT 06260-1204
      View Details
    • Value Estimation by Request
      1,500 SF

      3 Bates Ave

      SHOW ROOM, WAREHOUSE • 1,500 SF
      3 Bates Ave, Putnam, CT 06260-1303
      View Details
    • Value Estimation by Request
      4,718 SF

      104 Church St

      SHOW ROOM, WAREHOUSE • 4,718 SF
      104 Church St, Putnam, CT 06260-1824
      View Details
    • Value Estimation
      $1,165,000
      16,568 SF

      55 Gilman St

      SHOW ROOM, WAREHOUSE • 16,568 SF
      55 Gilman St, Putnam, CT 06260-1811
      View Details

    Similar Nearby for Sale

    • $900,000
      14,622 SF

      Prime Putnam Commercial Building

      Historic Downtown Location, High Visibility
      109 Main St, Putnam, CT 06260
      View Details
    • $3,499,999

      Putnam Parkade Retail Center ForSale

      Retail center in Putnam, CT, near major retailers.
      62 Providence Pike, Putnam, CT 06260
      View Details
    • $900,000
      18,200 SF

      featuring top-tier restaurants

      bars
      121 Main St, Putnam, CT 06260
      View Details
    • $375,000

      Mixed-Use Property in Putnam

      Income-producing mixed-use property with residential and commercial spaces.
      347-349 Kennedy Dr, Putnam, CT 06260
      View Details
    • $399,900
      3,168 SF

      Prime Putnam Commercial Property

      Mixed-use building, high visibility, great income potential.
      191 Providence St, Putnam, CT 06260
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      10,834 SF

      Downtown Putnam Commercial Building For Lease

      Single-level commercial building in downtown Putnam with renovation in 2011.
      6-12 S Main St, Putnam, CT 06260
      View Details
    • Contact for pricing

      Putnam Retail/Medical/Restaurant Spaces For Lease

      Two in-line retail spaces available for lease in Putnam, CT.
      97 Providence Pike, Putnam, CT 06260
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease in Putnam, Connecticut.
      7 Providence Pike, Putnam, CT 06260
      View Details
    • Contact for pricing
      6,720 SF

      Retail Space in Putnam Center

      Price Chopper anchored shopping center in Putnam, Connecticut.
      253-263 Kennedy Dr, Putnam, CT 06260
      View Details
    • $1,675 /Mo
      600 SF

      Downtown Putnam Commercial Space

      Versatile commercial space in downtown Putnam, suitable for various uses.
      112 Main St, Putnam, CT 06260
      View Details
    • Contact for pricing
      2,096 SF

      Retail Space Near Interstate-395

      Retail space with high visibility and ample parking available for rent.
      97 Providence Pike, Putnam, CT 06260
      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.
    297 School St
    Putnam, CT 06260-1362
    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!