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    789 Winsted Rd Torrington, CT 06790-2934
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    Property profile & analytics

    789 Winsted Rd, Torrington, CT 06790-2934

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    • Individual retail properties
    • 11,589 SF
    • 1.80 lot acres
    Off-Market
    Last Sale Sep 25, 2024
    $1,100,000
    Property ID
    US15-0216130
    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
    $1,100,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Deborah's Dance Workshop LLC / Training Center
    • Rooted Yogi / Gym & Fitness Center
    • Nautilus Plus Fitness & Tanning Center / Gym & Fitness Center

    Property Details for 789 Winsted Rd

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.80 lot acres
    Zone code
    LB
    Property type
    Individual retail properties
    APN
    TORR M:236 B:001 L:005
    APU
    TORRM236B001L005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,100,000
      ML approach
      $1,100,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,525,000
      OFFICE BUILDING
      $1,310,000
      APARTMENT HOUSE (5+ UNITS)
      $1,140,000
      AUTO REPAIR, GARAGE
      $1,085,000
      MEDICAL BUILDING
      $1,070,000
      RETAIL STORES
      $1,005,000
      COMMERCIAL (GENERAL)
      $795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1072
    Latitude
    41.8308
    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
    2024
    $21,581
    $142,880
    $307,000
    $449,880
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,990,000
      63,735 SF

      990 Torringford St

      GROCERY, SUPERMARKET
      990 Torringford St, Torrington, CT 06790-3542
      View Details
    • Value Estimation by Request
      5,470 SF

      237 Main St

      RETAIL STORES (PERSONAL SERVICES)
      237 Main St, Torrington, CT 06790-6725
      View Details
    • Value Estimation by Request
      1,144 SF

      242 Main St

      RETAIL STORES (PERSONAL SERVICES)
      242 Main St, Torrington, CT 06790-6726
      View Details
    • Value Estimation by Request
      11,900 SF

      199 Pearl Rd

      SHOW ROOM, WAREHOUSE
      199 Pearl Rd, Torrington, CT 06790-3026
      View Details
    • Value Estimation by Request
      3,200 SF

      107 Scoville St

      SHOW ROOM, WAREHOUSE
      107 Scoville St, Torrington, CT 06790-6744
      View Details
    • Value Estimation
      $535,000
      174,874 SF

      105 Summer St

      SHOW ROOM, WAREHOUSE
      105 Summer St, Torrington, CT 06790-6333
      View Details

    Similar Nearby for Sale

    • 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

      Retail/Warehouse Building on State Road

      Freestanding, fully leased retail/warehouse building with updated infrastructure.
      379 Goshen Rd, Torrington, CT 06790
      View Details
    • $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
    • $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
    • $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

    Similar Nearby for Lease

    • 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
    • $1,000 /Mo
      5,000 SF

      Free Standing Retail Building

      Double-wide retail space ideal for start-up or relocation.
      55 Wall St, Torrington, CT 06790
      View Details
    • Contact for pricing
      14,820 SF

      Retail Space Near Walmart, Target

      Prime corner retail location near Walmart and Target.
      1745 E Main St, Torrington, CT 06790
      View Details
    • 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
    • $750 /Mo
      504 SF

      Downtown Torrington Commercial Space Available

      Versatile commercial space in downtown Torrington, ideal for various uses.
      82 Water St, Torrington, CT 06790
      View Details
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    Torrington, CT 06790-2934
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    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
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    789 Winsted Rd, Torrington, CT, 06790
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