Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Main St Waterbury, CT 06705
    Property profile & analytics

    Main St, Waterbury, CT 06705

    View on Map
    • Land
    • 0.69 lot acres
    For Sale
    $229,000
    View Listing →
    Prime Waterbury Commercial Land For Sale
    $229,000

    Prime Waterbury Commercial Land

    0.69 Acres, High Traffic, Development Ready

    0 Main St, Waterbury, CT 06705
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Main St

    Lot size
    0.69 lot acres
    Property type
    Land

    Description

    This exceptional 0.69-acre commercial land parcel presents a remarkable investment opportunity in Waterbury, Connecticut. Located on heavily trafficked East Main Street, this property boasts a prime location with excellent visibility and accessibility. According to the Connecticut Department of Transportation's 2017 data, this section of East Main Street experiences a daily vehicle count of 12,100 vehicles, ensuring high exposure for any future development. The property is zoned for commercial use, offering flexibility for a variety of development projects. A proposed plan outlines a 5,000 square foot building, showcasing the potential for office or retail space. The site's size and location make it ideal for businesses seeking high visibility and convenient access to major transportation routes. This is a rare opportunity to acquire a strategically positioned commercial lot in a thriving Connecticut market. The asking price for this exceptional property is $229,000. The property's address is 0 East Main Street, Waterbury, CT 06705, situated in New Haven County. This land offers significant potential for growth and return on investment. Don't miss this chance to secure a prime piece of commercial real estate in a desirable location.

    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
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9928
    Latitude
    41.5427

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      3452 Main St

      Land
      3452 Main St, Waterbury, CT 06705
      View Details
    • Value Estimation by Request
      92.00 Acres

      48 Mbl St

      Land
      48 Mbl St, Waterbury, CT 06705
      View Details
    • Value Estimation by Request

      351 Harpers Ferry Rd

      Land
      351 Harpers Ferry Rd, Waterbury, CT 06705
      View Details
    • Value Estimation by Request
      3.00 Acres

      1520 Meriden Rd

      Land
      1520 Meriden Rd, Wolcott, CT 06705
      View Details
    • Value Estimation by Request
      1.51 Acres

      15 Austin Rd

      Land
      15 Austin Rd, Waterbury, CT 06705
      View Details
    • Value Estimation by Request
      1 SF

      15 Austin Rd

      Land
      15 Austin Rd, Waterbury, CT 06705
      View Details

    Similar Nearby for Sale

    • $229,000
      0.69 Acres

      Prime Waterbury Commercial Land

      0.69 Acres, High Traffic, Development Ready
      0 Main St, Waterbury, CT 06705
      View Details
    • Contact for pricing

      7.5 Acres of Land

      7.5 acres of land available for sale.
      3580 E Main St, Waterbury, CT 06705
      View Details
    • $1,100,000
      8,349 SF

      Prime Waterbury 6-Unit Multifamily

      Six-unit brick building, high ROI potential.
      1615 Main St, Waterbury, CT 06705
      View Details
    • Contact for pricing

      Commercial Land on Meriden Road

      Commercial zoned land with high traffic and available utilities.
      1520 Meriden Rd, Waterbury, CT 06705
      View Details
    • Contact for pricing

      Corner Lot Zoned Commercial Arterial

      0.24 acre corner lot zoned for various commercial uses.
      3280 E Main St, Waterbury, CT 06705
      View Details
    • Contact for pricing

      Commercial Land on Plank Road

      4.74 acres of commercial land available for lease/sale.
      497 Plank Rd, Waterbury, CT 06705
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available Near I-84

      Land suitable for fuel, restaurant, or self-storage near I-84.
      106 Reidville Dr, Waterbury, CT 06705
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease at 3580 E Main St.
      3580 E Main St, Waterbury, CT 06705
      View Details
    • Contact for pricing

      Improved Land on East Main

      1.24 acres of improved land ideal for drive-thru.
      3025 E Main St, Waterbury, CT 06705
      View Details
    • Contact for pricing

      Development Site Near I-84 Exit

      Commercial land available for development near I-84 in Waterbury.
      351 Harpers Ferry Rd, Waterbury, CT 06705
      View Details
    • $1,250 /Mo

      East End Two Bedroom Apartment

      Two-bedroom apartment with parking and in-unit laundry hookups.
      1720 E Main St, Waterbury, CT 06705
      View Details
    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.
    Main St
    Waterbury, CT 06705
    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
    Main St, Waterbury, CT, 06705
    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!