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    Property profile & analytics

    56 New Wood Rd Watertown, CT 06795-3339

    • Manufacturing properties
    • 11,496 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimation
    $495,000
    Location Intelligence
    Property ID
    US15-0425370
    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

    • Empowered Fitbody / Physical Fitness Program
    • Overhead Door Company of Waterbury / Garage Door Supplier / Industrial Door Supplier
    • S Cadet Ships Storage / Shipyard

    Property Details for 56 New Wood Rd

    Year built
    1972
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.20 lot acres
    Property size
    11,496 SF
    Zone code
    IR8
    Property type
    Manufacturing properties
    APN
    WTWN M:159 B:45 L:127
    APU
    WTWNM159B45L127

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $630,000
      6.5%
      $620,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $700,000
      Geo Method
      $550,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $625,000
      Retail
      $680,000
      Mixed-Use
      $630,000
      Hospitality
      $580,000
      Educational
      $560,000
      Residential Income
      $670,000
      Energy
      $595,000
      Income-Based Land
      $670,000
      Food Service
      $555,000

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1009
    Latitude
    41.5709
    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
    $18,976
    $198,500
    $316,300
    $514,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $590,000
      17,180 SF

      65 Mtn Vw Rd

      MANUFACTURING (LIGHT) • 17,180 SF
      65 Mtn Vw Rd, Watertown, CT 06795-1648
      View Details
    • Value Estimation
      $365,000
      4,800 SF

      71 New Wood Rd

      MANUFACTURING (LIGHT) • 4,800 SF
      71 New Wood Rd, Watertown, CT 06795-3338
      View Details
    • Value Estimation
      $310,000
      7,656 SF

      1500 Echo Lk Rd

      MANUFACTURING (LIGHT) • 7,656 SF
      1500 Echo Lk Rd, Watertown, CT 06795-6624
      View Details
    • Value Estimation
      $905,000
      37,545 SF

      830 Echo Lk Rd

      MANUFACTURING (LIGHT) • 37,545 SF
      830 Echo Lk Rd, Watertown, CT 06795-1636
      View Details
    • Value Estimation
      $875,000
      550,000 SF

      Frost Brg Rd

      MANUFACTURING (LIGHT) • 550,000 SF
      Frost Brg Rd, Watertown, CT 06795
      View Details
    • Value Estimation
      $720,000
      24,679 SF

      1465 Main St

      MANUFACTURING (LIGHT) • 24,679 SF
      1465 Main St, Watertown, CT 06795-3111
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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    • $13 SF/Yr
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      Watertown Office & Warehouse Space

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    • $800 /Mo
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      Watertown Office Space For Rent

      Professional office suite available in Watertown, CT.
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    • $575 /Mo
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      View Details
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    56 New Wood Rd
    Watertown, CT 06795-3339
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    Realmo Value Estimation

    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.

    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.

    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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