Property profile & analytics
70 Heminway Park Rd Watertown, CT 06795
- Showrooms
- 4,140 SF
- 0.31 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US15-0266204
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
- Elisha Danzig, DO / Medical Clinic
- Watertown Internal Medicine / Physician
- Saint Mary's Blood Draw Services - Watertown / Medical Clinic
- Sallie Carrington, DO / Physician
- Adriana Ghisa, MD / Physician
Property Details for 70 Heminway Park Rd
- Year built
- 1955
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.31 lot acres
- Property size
- 4,140 SF
- Zone code
- BC
- Property type
- Showrooms
- APN
- WTWN M:100 B:47 L:3A
- APU
- WTWNM100B47L3A
Description
This exceptional investment opportunity presents a 4,140 square foot, single-story brick medical office building located at 70 Heminway Park Road, Watertown, CT 06795. Built in 1955 and situated on a 0.31-acre lot, the property boasts 19 parking spaces. The building has undergone recent renovations, including a new HVAC system, roof, front façade, and reception/waiting area. Currently leased to St. Mary's Hospital under a triple-net (NNN) lease for the past 13 years, this hands-off investment offers significant advantages. The tenant is responsible for all utilities, taxes, insurance, snow removal, landscaping, trash, and HVAC maintenance. The Watertown, CT office market is characterized by a low 2.8% vacancy rate (2.8% lower than the previous year), a total inventory of 220,000 square feet, and rising rental and cap rates. Conveniently located downtown, the property offers easy access to major roadways (US 6 and James H Darcey Memorial Highway) and is less than an hour from Hartford and New Haven. The area features a vibrant downtown with national retailers (Walgreens, Starbucks, Dunkin', Marshalls, etc.), excellent schools, and abundant outdoor recreational opportunities. This presents a stable, income-producing asset in a desirable and accessible location. Property tours are available by appointment only.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $425,000
- ML approach
- $550,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $750,000
- AI Estimate
- $574,000
Market price range: $282k - $751kMarket price range: $192k - $583k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $515,000 Current use
- OFFICE BUILDING
- $480,000 Change: -6% Conversion: Easy
- RETAIL STORES
- $475,000 Change: -8% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Watertown
- County
- Litchfield
- State
- Connecticut
- Longitude
- -73.1162
- Latitude
- 41.6037
- 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
$14,346
$76,900
$312,300
$389,200
-
$0.00
$0.00
$0.00
