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

    322 Main St Willimantic, CT 06226-3172

    • Industrial properties
    • 7.38 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0956181
    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

    • FedEx Drop Box / Postal Service / Courier Service
    • Pearl Garage door supplier / Building Supply / General Contractor
    • DCF WILLIMANTIC / Corporate Office
    • United Community and Family Services (UCFS) Child First Office / Social Service Agency / Charitable Organization
    • Lauriann Zane / Counselor

    Property Details for 322 Main St

    Lot size
    7.38 lot acres
    Zone code
    M4
    Property type
    Industrial properties
    APN
    WNDH M:14-05 B:140 L:9
    APU
    WNDHM1405B140L9

    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
    Willimantic
    County
    Windham
    State
    Connecticut
    Longitude
    -72.2043
    Latitude
    41.7107
    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
    $225,553
    $325,460
    $4,433,040
    $4,758,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $515,000
      21,104 SF

      121 Chronicle Rd

      INDUSTRIAL (GENERAL) • 21,104 SF
      121 Chronicle Rd, Willimantic, CT 06226-1952
      View Details
    • Value Estimation by Request
      3.04 Acres

      47 Milk St

      INDUSTRIAL (GENERAL) • 3.04 Acres
      47 Milk St, Willimantic, CT 06226-3059
      View Details
    • Value Estimation by Request
      8.12 Acres

      1270 Main St

      INDUSTRIAL (GENERAL) • 8.12 Acres
      1270 Main St, Willimantic, CT 06226-1910
      View Details
    • Value Estimation by Request
      378 SF

      330 Windham Rd

      INDUSTRIAL (GENERAL) • 378 SF
      330 Windham Rd, Willimantic, CT 06226
      View Details
    • Value Estimation by Request
      7,500 SF

      113 Capitol Dr

      INDUSTRIAL (GENERAL) • 7,500 SF
      113 Capitol Dr, Willimantic, CT 06226-1928
      View Details
    • Value Estimation
      $655,000
      30,664 SF

      131 Ash St

      INDUSTRIAL (GENERAL) • 30,664 SF
      131 Ash St, Willimantic, CT 06226-1701
      View Details

    Similar Nearby for Sale

    • $375,000

      Mixed-Use Investment Property For Sale

      Mixed-use property with income streams and value-add potential.
      129 Valley St, Chestnut Hill, CT 06226
      View Details
    • $449,000
      5,560 SF

      Windham Mixed-Use Investment Opportunity

      Downtown Windham, Two Buildings, High Potential
      948 Main St, Windham, CT 06226
      View Details
    • $84,900

      Commercial Lot in Willimantic

      1.1 acre B3 zoned commercial lot near Main Street.
      38 Elm St, Chestnut Hill, CT 06226
      View Details
    • $1,895,000
      15,300 SF

      Mansfield, CT Office Building

      Multi-tenant office building, value-add opportunity.
      6 Storrs Rd, Mansfield, CT 06226
      View Details
    • $109,000

      Windham Commercial Space For Sale

      Flexible commercial space with functional area and beautiful details.
      361 S Windham Rd, Windham, CT 06226
      View Details
    • $1,895,000
      15,300 SF

      Willimantic Office Building For Sale

      15,300 SF office building available in Willimantic, Connecticut.
      6 Storrs Rd, Willimantic, CT 06226
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,500 SF

      Retail Space Near University

      Retail space available in busy area near universities.
      1548 West Main St, Windham, CT 06226
      View Details
    • $18 SF/Yr
      4,248 SF

      Medical Office Space Near Hospital

      Medical office space with reception, waiting room, and parking.
      162 Mansfield Ave, Windham, CT 06226
      View Details
    • $1,700 /Mo

      Windham Triplex Second Floor Unit

      Sunlit 3-bedroom, 1-bath unit with off-street parking.
      14 Turner St, Chestnut Hill, CT 06226
      View Details
    • $2,000 /Mo

      Renovated Retail/Office Space Available

      Renovated retail or office space with bright, open layout.
      21 Church St, Chestnut Hill, CT 06226
      View Details
    • $12 SF/Yr
      5,369 SF

      Willimantic Lower Level Office Space

      Lower level office space with finished rooms and kitchenette.
      757 Main St, Willimantic, CT 06226
      View Details
    • $10 SF/Yr
      5,182 SF

      Downtown Willimantic Commercial Building

      Commercial building in downtown Willimantic, renovated for service-oriented organizations.
      54 North St, Chestnut Hill, CT 06226
      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.
    322 Main St
    Willimantic, CT 06226-3172
    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!