Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    70 Wauregan Rd Killingly, CT 06239
    Property profile & analytics

    70 Wauregan Rd Killingly, CT 06239

    View on Map
    • Investment properties
    • 68,531 SF
    • 8.30 lot acres
    For Lease
    $4,945,000
    View Listing →
    Killingly Retail Space For Rent For Lease
    $4,945,000
    8,101 SF

    Killingly Retail Space For Rent

    Single tenant retail space available for rent in Killingly.

    70 Wauregan Rd, Killingly, CT 6239
    View Listing
    Property ID
    US15-0826982
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Big Y Pharmacy and Wellness Center / Pharmacy
    • Big Y World Class Market / Grocery & Convenience Store / Food Market
    • Western Union / Bank / Credit Union
    • ATM / Atm
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 70 Wauregan Rd

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    8.30 lot acres
    Property size
    68,531 SF
    Zone code
    GC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    KILL M:217 B:57
    APU
    KILLM217B57

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,720,000
      Market price range: $2.40M - $4.72M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,160,000
      Current use
      RETAIL STORES
      $6,930,000
      Change: +13% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $5,985,000
      Change: -3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Killingly
    County
    Windham
    State
    Connecticut
    Longitude
    -71.884
    Latitude
    41.7931
    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
    $111,146
    $522,900
    $3,300,500
    $3,823,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,480 SF

      19 Reynolds St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,480 SF
      19 Reynolds St, Killingly, CT 06239-2919
      View Details
    • Value Estimation by Request
      0.33 Acres

      33 Broad St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.33 Acres
      33 Broad St, Killingly, CT 06239-3604
      View Details
    • Value Estimation by Request
      9,785 SF

      8 Furnace St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,785 SF
      8 Furnace St, Killingly, CT 06239-3064
      View Details
    • Value Estimation by Request
      3,720 SF

      122 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,720 SF
      122 Main St, Killingly, CT 06239-2821
      View Details
    • Value Estimation by Request
      2,177 SF

      106 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,177 SF
      106 Main St, Killingly, CT 06239-2820
      View Details
    • Value Estimation
      $805,000
      18,582 SF

      103 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 18,582 SF
      103 Main St, Killingly, CT 06239-2812
      View Details

    Similar Nearby for Sale

    • $440,000

      Mixed-Use Income Property For Sale

      Mixed-use property with commercial and residential units in downtown.
      10 Center St, Danielson, CT 06239
      View Details
    • $1,100,000
      22,534 SF

      Main Street Mixed-Use Building

      Three-story building with retail, office, and apartment potential.
      134 Main St, Killingly, CT 06239
      View Details
    • $1,100,000
      15,096 SF

      Downtown Killingly Mixed-Use Building

      Renovated mixed-use building in downtown Danielson with retail and office space.
      134 Main St, Killingly, CT 06239
      View Details
    • $949,900
      10,980 SF

      Mixed-Use Opportunity in Downtown Danielson

      Mixed-use property with ample parking and updated features.
      113 School St, Killingly, CT 06239
      View Details
    • $1,300,000
      1.41 Acres

      Prime Commercial Land Opportunity

      High-visibility commercial land parcel in Killingly, CT for sale.
      20 Wauregan Rd, Killingly, CT 06239
      View Details
    • $300,000

      Killingly Land Near Interstate I-395

      8.8 acres of New England countryside near I-395.
      100 Hubbard Hill Rd, Killingly, CT 06239
      View Details

    Similar Nearby for Lease

    • $600 /Mo
      400 SF

      Downtown Commercial Space For Rent

      Versatile commercial space in a prime downtown location.
      14 Center St, Killingly, CT 06239
      View Details
    • $1,200 /Mo

      Downtown Danielson Commercial Space Available

      Commercial space for rent in a desirable downtown location.
      72A Main St, Danielson, CT 06239
      View Details
    • $1,200 /Mo
      576 SF

      Downtown Danielson Commercial Space

      Commercial space in downtown Danielson, perfect for various businesses.
      72A Main St, Killingly, CT 06239
      View Details
    • Contact for pricing

      Killingly Retail Space For Rent

      Single tenant retail space available for rent in Killingly.
      70 Wauregan Rd, Killingly, CT 06239
      View Details
    • $1,300 /Mo
      700 SF

      Killingly Office Space For Rent

      Office space available for lease in Killingly, Connecticut.
      10 Center St, Killingly, CT 06239
      View Details

    Property Visit Statistics

    • Visits by month
      60.0k
    • Visitors by month
      27.4k
    • Avg Time on site
      23 min
    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.
    70 Wauregan Rd
    Killingly, CT 06239
    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
    70 Wauregan Rd, Killingly, CT, 06239
    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!