Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    644 School St Putnam, CT 06260-2403

    Property Lookup

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

    644 School St Putnam, CT 06260-2403

    View on Map
    • Showrooms
    • 5,060 SF
    • 1.33 lot acres
    Off-Market
    Property ID
    US15-0701399
    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
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gas Station / Gas Station
    • ATM / Atm
    • Bakers Dozen / Cafe & Coffee Shop
    • CHUCKY'S PUTNAM / Gas Station
    • Shell / Gas Station

    Property Details for 644 School St

    Year built
    2021
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.33 lot acres
    Property size
    5,060 SF
    Property type
    Showrooms
    APN
    PUTN M:026 L:051 U:000
    APU
    PUTNM026L051U000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $737,000
      Market price range: $304k - $738k
      AI Estimate
      $566,000
      Market price range: $181k - $566k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $510,000
      Current use
      RETAIL STORES
      $510,000
      Change: +1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $440,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Putnam
    County
    Windham
    State
    Connecticut
    Longitude
    -71.8871
    Latitude
    41.9247
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT METROPOLITAN 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
    $38,223
    $384,000
    $1,209,300
    $1,593,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,465,000
      28,990 SF

      600 Liberty Hwy

      SHOW ROOM, WAREHOUSE • 28,990 SF
      600 Liberty Hwy, Putnam, CT 06260-2503
      View Details
    • Value Estimation
      $4,105,000
      31,860 SF

      97 Providence Pike

      SHOW ROOM, WAREHOUSE • 31,860 SF
      97 Providence Pike, Putnam, CT 06260-2414
      View Details
    • Value Estimation by Request
      2,994 SF

      50th Canal St

      SHOW ROOM, WAREHOUSE • 2,994 SF
      50th Canal St, Putnam, CT 06260-1910
      View Details
    • Value Estimation by Request
      9,052 SF

      225 Kennedy Dr

      SHOW ROOM, WAREHOUSE • 9,052 SF
      225 Kennedy Dr, Putnam, CT 06260-1662
      View Details
    • Value Estimation by Request
      2,616 SF

      186 Providence St

      SHOW ROOM, WAREHOUSE • 2,616 SF
      186 Providence St, Putnam, CT 06260-1534
      View Details
    • Value Estimation by Request
      1,536 SF

      25 Quinebaug Ave

      SHOW ROOM, WAREHOUSE • 1,536 SF
      25 Quinebaug Ave, Putnam, CT 06260-1943
      View Details

    Similar Nearby for Sale

    • $375,000

      Mixed-Use Property in Putnam

      Income-producing mixed-use property with residential and commercial spaces.
      347-349 Kennedy Dr, Putnam, CT 06260
      View Details
    • $900,000
      18,200 SF

      featuring top-tier restaurants

      bars
      121 Main St, Putnam, CT 06260
      View Details
    • $3,499,999

      Putnam Parkade Retail Center ForSale

      Retail center in Putnam, CT, near major retailers.
      62 Providence Pike, Putnam, CT 06260
      View Details
    • $900,000
      14,622 SF

      Prime Putnam Commercial Building

      Historic Downtown Location, High Visibility
      109 Main St, Putnam, CT 06260
      View Details
    • $399,900
      3,168 SF

      Prime Putnam Commercial Property

      Mixed-use building, high visibility, great income potential.
      191 Providence St, Putnam, CT 06260
      View Details
    • $1,900,000
      17,248 SF

      Modern Industrial Building in Putnam

      High-quality industrial building suitable for manufacturing, distribution, or warehousing.
      51 Ridge Rd, Putnam, CT 06260
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease in Putnam, Connecticut.
      7 Providence Pike, 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
    • $1,675 /Mo
      600 SF

      Downtown Putnam Commercial Space

      Versatile commercial space in downtown Putnam, suitable for various uses.
      112 Main St, Putnam, CT 06260
      View Details
    • Contact for pricing

      Putnam Retail/Medical/Restaurant Spaces For Lease

      Two in-line retail spaces available for lease in Putnam, CT.
      97 Providence Pike, Putnam, CT 06260
      View Details
    • Contact for pricing
      2,096 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
    • Contact for pricing

      Putnam Commercial Pad Site Available

      One-acre commercial pad site with drive-thru for rent.
      7 Providence Pike, Putnam, CT 06260
      View Details

    Property Visit Statistics

    • Visits by month
      4.4k
    • Visitors by month
      4.7k
    • Avg Time on site
      16 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.
    644 School St
    Putnam, CT 06260-2403
    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

    644 School St, Putnam, CT, 06260

    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!