Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    681 Main St Torrington, CT 06790
    Back to Search
    Property profile & analytics

    681 Main St, Torrington, CT 06790

    View on Map
    • Super regional malls
    • 165,290 SF
    • 19.10 lot acres
    For Lease
    $640,000
    View Listing →
    Torrington Retail and Medical Space For Lease
    $640,000
    11,914 SF

    Torrington Retail and Medical Space

    Retail, medical, or restaurant spaces available for lease.

    681 Main St, Torrington, CT 6790
    View Listing
    Property ID
    US15-0490407
    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
    $640,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ocean State Job Lot / Discount Store
    • Gracie Litchfield Hills / Training Center / Sports School

    Property Details for 681 Main St

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    19.10 lot acres
    Zone code
    LB
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    TORR M:119 B:006 L:008
    APU
    TORRM119B006L008

    Description

    This exceptional opportunity presents prime medical office space within the thriving Ocean State Job Lot Shopping Center, located at 681 Main Street, Torrington, CT 06790. The center boasts a total of 96,864 square feet across two single-story buildings situated on a generous 19.1-acre parcel. Currently, there are several available suites ranging from 2,148 square feet to 11,914 square feet, providing flexibility for various medical practices. The property's strategic location offers excellent visibility and accessibility, complemented by a strong tenant mix including established businesses such as Ocean State Job Lot, Town Fair Tire, PriceRite, Planet Fitness, Harbor Freight Tools, McDonald's, and Horizon Dental. This ensures high foot traffic and a vibrant surrounding community. The property is zoned to accommodate retail, medical, or restaurant uses, making it an ideal location for a variety of businesses. The ample parking available further enhances the convenience and appeal of this exceptional property. With its impressive size, desirable location, and strong tenant base, this medical office space presents a rare opportunity for growth and success. The property's existing infrastructure and established presence within a busy shopping center provide a significant advantage for prospective tenants. Contact us today to learn more about this outstanding opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $640,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1238
    Latitude
    41.8152
    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
    $190,513
    $1,740,780
    $2,231,560
    $3,972,340
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,080,000
      95,978 SF

      970 Torringford St

      REGIONAL SHOPPING CENTER, MALL
      970 Torringford St, Torrington, CT 06790-3542
      View Details
    • Value Estimation
      $800,000
      31,130 SF

      992 Main St

      REGIONAL SHOPPING CENTER, MALL
      992 Main St, Torrington, CT 06790-3909
      View Details
    • Value Estimation by Request
      5,034 SF

      601 Main St

      REGIONAL SHOPPING CENTER, MALL
      601 Main St, Torrington, CT 06790-6953
      View Details
    • Value Estimation
      $665,000
      128,711 SF

      1922 Main St

      REGIONAL SHOPPING CENTER, MALL
      1922 Main St, Torrington, CT 06790-3101
      View Details
    • Value Estimation
      $900,000
      131,925 SF

      1 Main St

      REGIONAL SHOPPING CENTER, MALL
      1 Main St, Torrington, CT 06790-6430
      View Details
    • Value Estimation
      $585,000
      16,320 SF

      311 Winsted Rd

      REGIONAL SHOPPING CENTER, MALL
      311 Winsted Rd, Torrington, CT 06790-2965
      View Details

    Similar Nearby for Sale

    • $349,000

      Mixed-Use Property with Redevelopment Potential

      Mixed-use property with redevelopment potential near the center of town.
      55 Wall St, Torrington, CT 06790
      View Details
    • New
      $950,000
      Pending

      Turnkey Commercial Property Route 202

      Fully occupied commercial property with established tenants.
      1185 New Litchfield St, Torrington, CT 06790
      View Details
    • $975,000
      16,382 SF

      Fully Occupied Commercial Building

      Commercial building with warehouse and retail space, fully occupied.
      379 Goshen Rd, Torrington, CT 06790
      View Details
    • $64,000

      Commercial Building on Winsted Road

      Commercial building on 0.39 acres with retail/office potential.
      1380 Winsted Rd, Torrington, CT 06790
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space on Winsted Road

      Retail space suitable for office, retail, or medical use.
      683-707 Winsted Rd, Torrington, CT 06790
      View Details
    • Contact for pricing
      2,260 SF

      Torrington Plaza Retail Space

      Retail space available in Torrington Plaza anchored by TJ Maxx.
      1 S Main St, Torrington, CT 06790
      View Details
    • Contact for pricing
      28,300 SF

      Retail Space in Downtown Torrington

      Retail space anchored by Super Stop & Shop in Torrington.
      223-251 High St, Torrington, CT 06790
      View Details
    • Contact for pricing

      Torrington Retail and Medical Space

      Retail, medical, or restaurant spaces available for lease.
      681 Main St, Torrington, CT 06790
      View Details
    • $3,300 /Mo
      3,412 SF

      Retail Building with Ample Parking

      Single-story retail building with parking available for lease.
      2407 Winsted Rd, Torrington, CT 06790
      View Details
    • $1,600 /Mo
      500 SF

      Renovated Storefront with Utilities Included

      Newly renovated 500+ sq ft storefront with utilities included.
      11 Main St, Torrington, CT 06790
      View Details
    View Listing
    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.
    681 Main St
    Torrington, CT 06790
    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
    681 Main St, 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!