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    Property profile & analytics

    1833 Main St Waterbury, CT 06705

    • Parking lots & garages
    • 3,228 SF
    • 0.34 lot acres
    For Sale
    View listing
    $450,000
    Value Estimation
    Location Intelligence
    Property ID
    US15-0347495
    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

    • Ray's Hill St. Service / Auto Repair Shop / Oil Change Service

    Property Details for 1833 Main St

    Year built
    1963
    Lot size
    0.34 lot acres
    Property size
    3,228 SF
    Zone code
    RM
    Property type
    Parking lots & garages
    APN
    WBRY M:0373 B:0108 L:0077
    APU
    WBRYM0373B0108L0077

    Description

    This exceptional investment opportunity presents a well-maintained 3,228 square foot automotive service garage situated on a 0.34-acre lot at 1833 E Main Street in Waterbury, Connecticut. The property enjoys a prime location in a highly desirable area of Waterbury, ensuring strong tenant demand and consistent rental income. The building features four convenient drive-in doors, making it ideal for efficient vehicle access and service operations. Currently, the property is under a triple-net lease, generating a monthly rental income of $3,500. The lease includes built-in rent increases over its term and a favorable 5-year option, providing long-term financial stability and predictable cash flow for the investor. This is a turnkey investment, requiring minimal management oversight. The property's excellent condition and strategic location make it an attractive proposition for discerning investors seeking a stable, high-yield commercial asset in a thriving Connecticut market. The asking price of $450,000 represents a compelling value for this established and income-producing property. Don't miss this chance to acquire a proven, profitable commercial investment in a prime Waterbury location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $235,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $265,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $265,000
      Mixed-Use
      $220,000
      Hospitality
      $265,000
      Educational
      $220,000
      Residential Income
      $235,000
      Energy
      $265,000
      Income-Based Land
      $220,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0115
    Latitude
    41.5451
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN 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
    $12,055
    $72,170
    $150,290
    $222,460
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $175,000
      3,318 SF

      717 Meriden Rd

      PARKING GARAGE, PARKING STRUCTURE • 3,318 SF
      717 Meriden Rd, Waterbury, CT 06705-2432
      View Details
    • Value Estimation
      $230,000
      1,827 SF

      584 Meriden Rd

      PARKING GARAGE, PARKING STRUCTURE • 1,827 SF
      584 Meriden Rd, Waterbury, CT 06705-2320
      View Details
    • Value Estimation
      $200,000
      1,344 SF

      260 Mulloy Rd

      PARKING GARAGE, PARKING STRUCTURE • 1,344 SF
      260 Mulloy Rd, Waterbury, CT 06705-3438
      View Details
    • Value Estimation
      $340,000
      4,312 SF

      1040 Wolcott St

      PARKING GARAGE, PARKING STRUCTURE • 4,312 SF
      1040 Wolcott St, Waterbury, CT 06705-1316
      View Details
    • Value Estimation
      $345,000
      4,000 SF

      2986 Main St

      PARKING GARAGE, PARKING STRUCTURE • 4,000 SF
      2986 Main St, Waterbury, CT 06705
      View Details
    • Value Estimation
      $240,000
      2,600 SF

      2999 Main St

      PARKING GARAGE, PARKING STRUCTURE • 2,600 SF
      2999 Main St, Waterbury, CT 06705
      View Details

    Similar Nearby for Sale

    • $595,000
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      Waterbury Commercial Property on Large Lot

      Multi-use building on 0.77-acre lot with existing tenants.
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    • $450,000

      Automotive Garage on East Main

      Automotive service garage in Waterbury, currently leased.
      1833 E Main St, Waterbury, CT 06705
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    • $650,000
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      Former Yellow Cab Terminal For Sale

      5,292 SF auto shop with 5-bay garage on 0.92 acres.
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    • $4,000,000
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      Waterbury Retail Land Investment

      Prime 4.74-acre retail site, 24,000 SF.
      497 Plank Rd, Waterbury, CT 06705
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    • $1,050,000
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      Retail Property on Scott Road

      Retail property available for sale, suitable for division.
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    • $595,000
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      Leased Commercial Building For Sale

      6,800 SF leased commercial building in high-traffic area.
      235 Meriden Rd, Waterbury, CT 06705
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,100 SF

      Waterbury Retail Space For Lease

      Prime Retail Space, 3100 sq ft, High Traffic
      1015 Meriden Rd, Waterbury, CT 06705
      View Details
    • $5,950 /Mo
      5,500 SF

      Spacious Retail Space Available

      5,500 SF retail space in high-traffic Waterbury location.
      1014 Meriden Rd, Waterbury, CT 06705
      View Details
    • Contact for pricing
      6,665 SF

      Retail Space in Waterbury Corridor

      Retail space with high visibility and convenient highway access.
      1012 Wolcott St, Waterbury, CT 06705
      View Details
    • New
      $1,600 /Mo
      1,100 SF

      Prime Commercial Space in Waterbury

      Updated, turnkey retail/office space in high-traffic area. 1,100 sq. ft.
      1015 Meriden Rd, Waterbury, CT 06705
      View Details
    • $25 SF/Yr
      4,941 SF

      Retail Space in Waterbury Corridor

      Retail space for lease in Waterbury's retail corridor.
      1030 Wolcott St, Waterbury, CT 06705
      View Details
    • $9 SF/Yr
      9,417 SF

      Retail Space in Mattatuck Plaza

      Retail space available in well-located Waterbury shopping center.
      650-670 Wolcott St, Waterbury, CT 06705
      View Details
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    1833 Main St
    Waterbury, CT 06705
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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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