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

    348 Bantam Rd Litchfield, CT 06759-3318

    • Showrooms
    • 24,117 SF
    • 1.49 lot acres
    OFF-MARKET
    Value Estimations
    $980,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0198177
    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

    • Resharp / Sharpening Service
    • Litchfield American Epoxy Flooring Service / General Contractor / Renovation Specialist
    • Ace Hardware of Litchfield / Building Supply / Hardware & Home Improvement

    Property Details for 348 Bantam Rd

    Year built
    1978
    Construction
    FRAME
    Lot size
    1.49 lot acres
    Property size
    24,117 SF
    Zone code
    9
    Property type
    Showrooms
    APN
    LITC M:104 B:58 L:25
    APU
    LITCM104B58L25

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $735,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,228,000
      Market price range: $1.23M - $3.22M

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

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.208
    Latitude
    41.7456
    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
    $25,830
    $127,770
    $839,660
    $967,430
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,255,000
      34,687 SF

      331 Ww St

      SHOW ROOM, WAREHOUSE • 34,687 SF
      331 Ww St, Litchfield, CT 06759-3406
      View Details
    • Value Estimation
      $1,180,000
      31,917 SF

      432 Bantam Rd

      SHOW ROOM, WAREHOUSE • 31,917 SF
      432 Bantam Rd, Litchfield, CT 06759-3201
      View Details
    • Value Estimation by Request
      6,025 SF

      82 Ww St

      SHOW ROOM, WAREHOUSE • 6,025 SF
      82 Ww St, Litchfield, CT 06759-3500
      View Details
    • Value Estimation
      $600,000
      10,849 SF

      16 Ss St

      SHOW ROOM, WAREHOUSE • 10,849 SF
      16 Ss St, Litchfield, CT 06759-7000
      View Details
    • Value Estimation by Request
      1,566 SF

      229 Ww St

      SHOW ROOM, WAREHOUSE • 1,566 SF
      229 Ww St, Litchfield, CT 06759-3403
      View Details
    • Value Estimation by Request
      3,000 SF

      247 Ww St

      SHOW ROOM, WAREHOUSE • 3,000 SF
      247 Ww St, Litchfield, CT 06759-3403
      View Details

    Similar Nearby for Sale

    • $3,500,000
      14,215 SF

      Litchfield Historic Downtown Commercial Building

      Thriving Downtown Litchfield Investment Opportunity
      3 West St, Litchfield, CT 06759
      View Details
    • $645,000
      4,050 SF

      Litchfield Historic District Commercial Property

      Commercial property in Litchfield's Historic District with office and residential spaces.
      82 Meadow St, Litchfield, CT 06759
      View Details
    • $185,000
      12.90 Acres

      Litchfield Land with Approvals

      12.9 acre building lot with approvals in place.
      Reder Rd, Litchfield, CT 06759
      View Details
    • $350,000
      1,674 SF

      Renovated Litchfield Multifamily Home

      Move-in ready, renovated two-family home in desirable Litchfield location.
      68 Thomaston Rd, Litchfield, CT 06759
      View Details
    • $325,000
      20.31 Acres

      Litchfield Land: Approved Building Lot

      20.31 acres in Litchfield, CT, approved for building.
      115 Mcbride Rd, Litchfield, CT 06759
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,652 SF

      Retail Space in Litchfield Center

      Retail space available in Litchfield, anchored by Stop & Shop.
      55 Village Green Dr, Litchfield, CT 06759
      View Details
    • Contact for pricing

      Litchfield Retail Land For Rent

      8-acre commercial land available for retail in Litchfield, CT.
      17 Commons Dr, Litchfield, CT 06759
      View Details
    • $1,650 /Mo
      320 SF

      Historic Litchfield Green Retail/Office Space

      Retail or office space on Litchfield Green available for rent.
      7 North St, Litchfield, CT 06759
      View Details
    • $1,750 /Mo
      1,145 SF

      Litchfield Office Space For Rent

      Office space in Litchfield's Historic District with ample parking.
      82 West St, Litchfield, CT 06759
      View Details

    Property Visit Statistics

    • Visits by month
      7.8k
    • Visitors by month
      5.1k
    • Avg Time on site
      14 min
    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.
    348 Bantam Rd
    Litchfield, CT 06759-3318
    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!