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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    44 Putnam Pike Killingly, CT 06241

    • Commercial real estate
    • 1,268 SF
    • 2.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0529075
    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 44 Putnam Pike

    Year built
    1974
    Lot size
    2.23 lot acres
    Property size
    1,268 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2.23-acre commercial property, situated at 44 Putnam Pike in Killingly, Connecticut, presents a compelling investment opportunity. Boasting 225 feet of frontage directly on Putnam Pike (Route 44), this highly visible location ensures maximum exposure for any commercial venture. The property's General Commercial zoning allows for a diverse range of development possibilities, including retail spaces, office buildings, or mixed-use projects. Its strategic location in a thriving area of Dayville, within Windham County, offers easy access to Interstate 395, providing excellent connectivity to regional transportation networks. The 1,268 square foot building on the property provides existing infrastructure, though its condition is not specified. The substantial lot size and prime location make this an ideal site for businesses seeking to establish a strong presence in a high-traffic area with significant growth potential. This property is priced at $1,500,000 and offers a unique chance to capitalize on the burgeoning commercial landscape of Killingly. Serious inquiries are encouraged to explore the full potential of this remarkable development opportunity.

    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
    Killingly
    County
    Windham
    State
    Connecticut
    Longitude
    -71.87688
    Latitude
    41.8444

    Comparable in this City

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      Sub-dividable 216-acre woodland tract with road frontage.
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    • $69,000

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      Fixer-Upper Mobile Home with Features

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      178,750 SF

      Prime Land Available

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    Similar Nearby for Sale

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      Killingly Specialty Property For Sale

      Specialty property available for purchase in Killingly, Connecticut.
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    • $80,000
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      8-Acre Residential Land Parcel

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    • $2,195,000
      216.00 Acres

      216 Acres of Gorgeous Woodland

      Sub-dividable 216-acre woodland tract with road frontage.
      333 Breakneck Hill Rd, Killingly, CT 06241
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    • $2,816,000
      11.00 Acres

      Killingly Commercial Land For Sale

      Level land ideal for development in Killingly, Connecticut.
      842 Hartford Pike, Killingly, CT 06241
      View Details
    • Contact for pricing
      178,750 SF

      Prime Land Available

      Over 60 acres available for lease, sale, or build-to-suit.
      45 Cat Hollow Rd, Killingly, CT 06241
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      297,500 SF

      Large Industrial Property for Lease

      60+ acre industrial property suitable for warehouse, distribution, manufacturing.
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      460,000 SF

      Killingly Distribution Center Sublease

      460,000 SF distribution center available for sublease.
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    • $1,500 /Mo

      Remodeled Retail Space on Main

      Newly remodeled 1500 sq ft retail space for rent.
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      7,468 SF

      Regional Shopping Center Retail Space

      Retail space available in a dominant regional shopping center.
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      2,603 SF

      Regional Shopping Center Retail Space

      Retail space available in dominant regional shopping center.
      596 Hartford Pike, Dayville, CT 06241
      View Details
    • $1,800 /Mo

      Spacious Three Bedroom Apartment

      Rehabbed 3-bedroom apartment near downtown Killingly and Putnam.
      387 Putnam Pike, Killingly, CT 06241
      View Details
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    44 Putnam Pike
    Killingly, CT 06241
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    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
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