Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Prospect St Torrington, CT 06790

    • Commercial real estate
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-1152118
    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

    • Commercial real estate

    Property Details for Prospect St

    Lot size
    0.15 lot acres
    Zone code
    DD
    Property type
    Commercial real estate
    APN
    TORR M:117 B:016 L:004
    APU
    TORRM117B016L004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1226
    Latitude
    41.8031
    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
    $2,092
    $40,210
    $3,420
    $43,630
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,420 SF

      218B Main St

      Land • 10,420 SF
      218B Main St, Torrington, CT 06790
      View Details
    • Value Estimation by Request
      3.57 Acres

      57 Commercial Blvd

      COMMERCIAL (GENERAL) • 3.57 Acres
      57 Commercial Blvd, Torrington, CT 06790-3097
      View Details
    • Value Estimation by Request
      15.03 Acres

      211 High St

      COMMERCIAL (GENERAL) • 15.03 Acres
      211 High St, Torrington, CT 06790-6384
      View Details
    • Value Estimation by Request
      119.90 Acres

      540 Litchfield St

      COMMERCIAL (GENERAL) • 119.90 Acres
      540 Litchfield St, Torrington, CT 06790-6679
      View Details
    • Value Estimation by Request
      6.00 Acres

      900th S Main St

      COMMERCIAL (GENERAL) • 6.00 Acres
      900th S Main St, Torrington, CT 06790-6942
      View Details
    • Value Estimation
      $515,000
      5.17 Acres

      1902 Main St

      COMMERCIAL (GENERAL) • 5.17 Acres
      1902 Main St, Torrington, CT 06790-3101
      View Details

    Similar Nearby for Sale

    • $1,077,000
      2,970 SF

      Torrington Mixed-Use Commercial Property

      Prime Location, Income Potential, Established Business
      443 Main St, Torrington, CT 06790
      View Details
    • $349,000
      4,594 SF

      Historic Torrington Office Building

      Downtown gem, 4,594 sq ft, high potential.
      187 Church St, Torrington, CT 06790
      View Details
    • $849,900
      8,000 SF

      Downtown Torrington Commercial Gem

      Iconic 8,000 sq ft building, fully renovated.
      46 Main St, Torrington, CT 06790
      View Details
    • $599,900
      4,005 SF

      Downtown Torrington Commercial Building

      High-traffic location, versatile space, great income potential.
      692 Main St, Torrington, CT 06790
      View Details
    • $285,000
      6,409 SF

      Downtown Torrington Commercial Space

      Versatile building, prime location, great potential.
      46 Summer St, Torrington, CT 06790
      View Details
    • $665,000
      8,060 SF

      Torrington Commercial Building - Prime Location

      8,060 sq ft Multi-Use Building, Downtown Torrington
      73 Main St, Torrington, CT 06790
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      225,000 SF

      Torrington Flex Space Available

      Industrial Flex Space, CT - 15,000 SF+
      535 Migeon Ave, Torrington, CT 06790
      View Details
    • $1,150 /Mo

      Spacious Apartment Near Downtown

      One-bedroom apartment within walking distance to downtown.
      58 New Litchfield St, Torrington, CT 06790
      View Details
    • $7 SF/Yr
      133,000 SF

      Torrington Industrial Space For Lease

      133,000 sq ft industrial space available for lease.
      368 Ella Grasso Ave, Torrington, CT 06790
      View Details
    • $11 SF/Yr
      2,400 SF

      Retail Space on Winsted Road

      Retail space suitable for office, retail, or medical use.
      683-707 Winsted Rd, Torrington, CT 06790
      View Details
    • $1,200 /Mo
      600 SF

      Downtown Torrington Office Space Available

      Downtown Torrington office space for professional use, private parking.
      173-177 Prospect St, Torrington, CT 06790
      View Details
    • $1,750 /Mo

      Spacious Apartment with 3 Bedrooms

      Three-bedroom apartment featuring a primary suite and basement laundry hookups.
      90 E Elm St, Torrington, CT 06790
      View Details
    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.
    Prospect St
    Torrington, CT 06790
    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

    Google sign-in failed. Please try again or use another login method.