Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4 Ter Dr Torrington, CT 06790-3401
    Back to Search
    Property profile & analytics

    4 Ter Dr, Torrington, CT 06790-3401

    View on Map
    • Apartment buildings
    • 5.30 lot acres
    Off-Market
    Last Sale Dec 27, 2023
    Property ID
    US15-0437175
    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

    • Northside Terraces / Apartment Building

    Property Details for 4 Ter Dr

    Lot size
    5.30 lot acres
    Zone code
    R6
    Property type
    Apartment buildings
    APN
    TORR M:123 B:007 L:010
    APU
    TORRM123B007L010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 27, 2023 — Northside Ter LLC Kelly Housing LP Quit Claim Deed · related $5.7M · Kelly Hsng
    Dec 28, 1995 $2,749,205 Kelly Hsng LP John Kelly Hsng Corp Warranty Deed · related —

    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
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1108
    Latitude
    41.8199
    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
    $126,435
    $121,340
    $2,514,380
    $2,635,720
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,831 SF

      21 Pearl St

      APARTMENT HOUSE (5+ UNITS)
      21 Pearl St, Torrington, CT 06790-5203
      View Details
    • Value Estimation by Request
      3,943 SF

      218 Main St

      APARTMENT HOUSE (UNDER 5 UNITS)
      218 Main St, Torrington, CT 06790-6450
      View Details
    • Value Estimation by Request
      3,541 SF

      23 Highland Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      23 Highland Ave, Torrington, CT 06790-4863
      View Details
    • Value Estimation by Request
      0.56 Acres

      102 Brk St

      APARTMENT HOUSE (UNDER 5 UNITS)
      102 Brk St, Torrington, CT 06790-5012
      View Details
    • Value Estimation by Request
      2,144 SF

      778 Main St

      APARTMENT HOUSE (UNDER 5 UNITS)
      778 Main St, Torrington, CT 06790-3902
      View Details
    • Value Estimation by Request
      0.16 Acres

      772 New Harwinton Rd

      APARTMENT HOUSE (UNDER 5 UNITS)
      772 New Harwinton Rd, Torrington, CT 06790-5961
      View Details

    Similar Nearby for Sale

    • New
      $595,000
      21,808 SF

      Gothic Church and School Conversion

      Historic church plus 1960s school on a corner lot, with approved exception to convert the school to apartments.
      85 Pulaski St, Torrington, CT 06790
      View Details
    • $1,195,000
      5,000 SF

      Torrington, CT 6-Unit Apartment Building

      Brand new, 6-unit apartment complex, ready March 2025.
      775 Main St, Torrington, CT 06790
      View Details
    • $1,300,000
      Pending

      Well-Maintained Multifamily Brick Building

      Eight spacious units with hardwood floors and convenient location.
      83 Birge St, Torrington, CT 06790
      View Details
    • $975,000
      5,755 SF

      Turnkey Income Property in Torrington

      Fully updated, income-producing 5-unit property with separate deeded lot.
      243 N Elm St, Torrington, CT 06790
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo

      Updated Apartment with Modern Finishes

      Updated 3-bedroom apartment with modern kitchen and convenient location.
      243 N Elm St, Torrington, CT 06790
      View Details
    • Contact for pricing
      1,000 SF

      Updated Apartment in Well-Kept Building

      Updated 3-bedroom apartment with modern amenities and convenient location.
      243 North Elm St, Torrington, CT 06790
      View Details
    • $1,600 /Mo

      Renovated Apartment Near Downtown

      Centrally located, renovated apartment with included heat and hot water.
      270 High St, Torrington, CT 06790
      View Details
    • Contact for pricing
      700 SF

      New Two-Bedroom First Floor Apartment

      Brand new 2-bedroom apartment with modern kitchen and stainless appliances.
      775 Main St, Torrington, CT 06790
      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.
    4 Ter Dr
    Torrington, CT 06790-3401
    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

    Thank You for Inquiry
    4 Ter Dr, Torrington, CT, 06790
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!