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    80 Hayes St Torrington, CT 06790
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    80 Hayes St, Torrington, CT 06790

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    • Industrial land
    For Sale
    $175,000
    View Listing →
    Industrial Land Near Naugatuck River For Sale
    $175,000
    14,000 SF

    Industrial Land Near Naugatuck River

    Industrial-zoned land suitable for various commercial and industrial uses.

    80 Hayes Street, Torrington, CT 6790
    View Listing
    Property ID
    US15-1244270
    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

    • Industrial land

    Property Details for 80 Hayes St

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 25, 2024 — Fec Enterprises LLC 80 Hayes St LLC Warranty Deed —

    Description

    I-R Industrial zoned land in a private, but accessible setting. Perfect for industrial condos with offices on .86 acres backing up to the Naugatuck River. Preliminary building design shows 9,800 SF of multi-use space with the option to increase office space up to a total building size of 14,000 SF. Take the current plans and build or seller can build-to-suit for tenants taking a larger portion of the building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1156702
    Latitude
    41.7922346

    Comparable in this City

    • Contact for pricing

      Torrington Industrial Park Zoned Site

      33.6 +/- acre industrial park zoned site for sale.
      00 Kennedy Dr, Torrington, CT 06790
      View Details
    • $175,000

      Industrial Land Near Naugatuck River

      Industrial-zoned land suitable for multi-use development near the Naugatuck River.
      80 Hayes St, Torrington, CT 06790
      View Details
    • $140,000
      3.78 Acres

      Approved Land Parcel in Torrington

      3.78-acre approved lot ready for construction and farming.
      3226 Torringford St, Torrington, CT 06790
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Torrington Industrial Park Zoned Site

      33.6 +/- acre industrial park zoned site for sale.
      00 Kennedy Dr, Torrington, CT 06790
      View Details
    • $175,000

      Industrial Land Near Naugatuck River

      Industrial-zoned land suitable for multi-use development near the Naugatuck River.
      80 Hayes St, Torrington, CT 06790
      View Details
    • $209,900
      8.88 Acres

      Approved Lots in Prime Location

      Two approved lots totaling just under 9 acres in Torrington.
      Torringford St, Torrington, CT 06790
      View Details

    Similar Nearby for Lease

    • $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
    • $850 /Mo

      Downtown Torrington Commercial Space Available

      Versatile commercial space in downtown Torrington, ideal for various businesses.
      86 Water 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

      Main Street Retail/Office Space

      Prime retail or office space on Main Street, Torrington.
      523 Main St, Torrington, CT 06790
      View Details
    View Listing
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    Torrington, CT 06790
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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.

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