Sign Up Successful!
You now have access to more from Realmo!
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

    43 Groveland Ave Putnam, CT 06260

    • Commercial real estate
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0815878
    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

    • Commercial real estate

    Property Details for 43 Groveland Ave

    Lot size
    0.42 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.42-acre lot at 43 Groveland Avenue in Putnam, Connecticut, presents a unique opportunity for residential development. Approved for building, this R10-zoned parcel offers the flexibility to construct a single-family home or explore multi-family possibilities. Enjoy breathtaking views overlooking downtown Putnam, extending to South Woodstock, making this an ideal location to watch the annual Fourth of July fireworks. The property boasts convenient access to major shopping centers, diverse eateries, and the renowned Putnam Antique District. Its proximity to Interstate 395 ensures effortless commuting. Infrastructure is readily available, with city water, sewer, and power conveniently located at the property's base. Significant site preparation has already been completed. A rough driveway is in place, and the homesite was excavated and cleared in 2011, although some light regrowth remains. The asking price for this remarkable property is $67,000. Don't miss this chance to build your dream home in a desirable location with stunning views and convenient amenities. This is a truly exceptional opportunity in Windham County, CT, zip code 06260.

    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
    Putnam
    County
    Windham
    State
    Connecticut
    Longitude
    -71.8988894
    Latitude
    41.9253982

    Comparable in this City

    • Contact for pricing

      Equestrian Property on 53 Acres

      Equestrian property with trails, barn, and rebuilt home on 53 acres.
      309 East Putnam Rd, Putnam, CT 06260
      View Details
    • $369,900
      Pending

      Classic Two-Family Home on Route 44

      Two-family home near downtown Putnam, ideal for owner-occupants or investors.
      224 Pomfret St, Putnam, CT 06260
      View Details
    • $429,000

      Putnam Four-Family Home Investment

      Well-maintained four-unit property with strong rental potential.
      12 Battey St, Putnam, CT 06260
      View Details
    • Contact for pricing

      Victorian Home in Putnam Center

      Charming Victorian home with income potential in central Putnam.
      16 Wilkinson St, Putnam, CT 06260
      View Details
    • $539,900

      Putnam Multifamily Residential Income Property

      Multifamily residential income property for sale in Putnam, Connecticut.
      115 Grove St, Putnam, CT 06260
      View Details
    • $2,300,000
      3.66 Acres

      Modern Industrial Building on 3.5 Acres

      High-quality industrial building in Putnam, CT, suitable for various operations.
      51 Ridge Rd, Putnam, CT 06260
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Equestrian Property on 53 Acres

      Equestrian property with trails, barn, and rebuilt home on 53 acres.
      309 East Putnam Rd, Putnam, CT 06260
      View Details
    • $369,900
      Pending

      Classic Two-Family Home on Route 44

      Two-family home near downtown Putnam, ideal for owner-occupants or investors.
      224 Pomfret St, Putnam, CT 06260
      View Details
    • $429,000

      Putnam Four-Family Home Investment

      Well-maintained four-unit property with strong rental potential.
      12 Battey St, Putnam, CT 06260
      View Details
    • Contact for pricing

      Victorian Home in Putnam Center

      Charming Victorian home with income potential in central Putnam.
      16 Wilkinson St, Putnam, CT 06260
      View Details
    • $539,900

      Putnam Multifamily Residential Income Property

      Multifamily residential income property for sale in Putnam, Connecticut.
      115 Grove St, Putnam, CT 06260
      View Details
    • $2,300,000
      3.66 Acres

      Modern Industrial Building on 3.5 Acres

      High-quality industrial building in Putnam, CT, suitable for various operations.
      51 Ridge Rd, Putnam, CT 06260
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,560 SF

      Prime Putnam, CT Pad Site

      1-Acre Commercial Land, I-395 Access
      7 Providence Pike, Putnam, CT 06260
      View Details
    • $13 SF/Yr
      10,834 SF

      Downtown Putnam Commercial Building For Lease

      Single-level commercial building in downtown Putnam with renovation in 2011.
      6 S Main St, 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
    • $144 SF/Yr
      10,103 SF

      Prime Putnam Office Space Available

      1,500 SF Office Suite in Excellent Location
      7 Providence Pike, Putnam, CT 06260
      View Details
    • Contact for pricing
      2,500 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.
    43 Groveland Ave
    Putnam, CT 06260
    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.