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    Property profile & analytics

    88 Water St Torrington, CT 06790-5320

    • Turn key restaurants
    • 1,510 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US15-0876338
    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

    • Nicholas Pizza House / Italian Restaurant / Delivery Restaurant

    Property Details for 88 Water St

    Year built
    1930
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    1,510 SF
    Zone code
    DD
    Property type
    Turn key restaurants
    APN
    TORR M:117 B:008 L:017
    APU
    TORRM117B008L017

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $375,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $460,000
      Mixed-Use
      $455,000
      Hospitality
      $435,000
      Educational
      $405,000
      Residential Income
      $445,000
      Energy
      $355,000
      Income-Based Land
      $425,000
      Food Service
      $420,000

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1238
    Latitude
    41.8018
    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
    $4,152
    $29,300
    $57,280
    $86,580
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      2,127 SF

      462 Main St

      RESTAURANT • 2,127 SF
      462 Main St, Torrington, CT 06790-5605
      View Details
    • Value Estimation
      $265,000
      1,796 SF

      650 Main St

      RESTAURANT • 1,796 SF
      650 Main St, Torrington, CT 06790-6923
      View Details
    • Value Estimation
      $210,000
      3,907 SF

      24 Main St

      RESTAURANT • 3,907 SF
      24 Main St, Torrington, CT 06790
      View Details
    • Value Estimation by Request
      950 SF

      33 Franklin St

      RESTAURANT • 950 SF
      33 Franklin St, Torrington, CT 06790-5509
      View Details
    • Value Estimation by Request
      1,800 SF

      60 Fairmount Ave

      RESTAURANT • 1,800 SF
      60 Fairmount Ave, Torrington, CT 06790-6903
      View Details
    • Value Estimation by Request
      7,991 SF

      46 Main St

      RESTAURANT • 7,991 SF
      46 Main St, Torrington, CT 06790-5428
      View Details

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    • $1,300 /Mo
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      Renovated Retail/Office Space For Rent

      Newly renovated retail or office space with high visibility.
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    • $750 /Mo
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      View Details
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    88 Water St
    Torrington, CT 06790-5320
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    Realmo Value Estimation

    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.

    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.

    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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