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    495 Union St Waterbury, CT 06706

    • Commercial real estate
    • 44.31 lot acres
    For Lease
    View listing
    Value Estimation
    $15,885,000
    Last Sale
    Apr 18, 2022
    $18,926,500
    Location Intelligence
    Property ID
    US15-0281850
    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

    • FYE / Book Store / Dvd Store
    • Brass Mill Center / Shopping Mall
    • F & J Sports LLC / Gift Shop
    • Kay Jewelers / Jewelry Store / Diamond Dealer
    • Gold Plus / Jewelry Store

    Property Details for 495 Union St

    Lot size
    44.31 lot acres
    Zone code
    CA
    Property type
    Commercial real estate
    APN
    WBRY M:0347 B:0093 L:0011
    APU
    WBRYM0347B0093L0011

    Description

    Brass Mill Center, located at 495 Union St, Waterbury, CT 06706, presents a unique retail and restaurant opportunity in New Haven County. This established center boasts a total of 986,379 square feet, offering multiple tenancy options with spaces ranging from a minimum of 5,104 square feet to a maximum contiguous space of 15,000 square feet. Currently, 63,896 square feet of retail space is available for lease, providing flexibility for various business needs. The property sits on a substantial 69.43-acre lot and includes ample parking with 4,829 spaces for customer convenience. Its prime location offers easy access to I-84, public transportation, and benefits from a vibrant pedestrian-friendly environment. Since its opening in 1997, Brass Mill Center has cultivated a strong reputation as a premier shopping destination, featuring a diverse mix of specialty stores, dining options, and entertainment, creating a unique and engaging experience for shoppers. This established center provides an excellent opportunity for businesses seeking high visibility and a strong customer base in a thriving community. The property's size and amenities make it ideal for a variety of retail concepts.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $13,275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $20,125,000
      6.5%
      $20,315,000
      7%
      $18,445,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $18,745,000
      Geo Method
      $21,495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $19,720,000
      Retail
      $19,625,000
      Mixed-Use
      $17,995,000
      Hospitality
      $16,270,000
      Educational
      $16,665,000
      Residential Income
      $18,540,000
      Energy
      $17,345,000
      Income-Based Land
      $16,115,000
      Food Service
      $16,095,000

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0238
    Latitude
    41.5478
    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
    $1,306,196
    $15,605,240
    $8,498,770
    $24,104,010
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      1.01 Acres

      1954 Baldwin St

      COMMERCIAL (GENERAL) • 1.01 Acres
      1954 Baldwin St, Waterbury, CT 06706-2044
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    • Value Estimation
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      1014 Main St

      COMMERCIAL (GENERAL) • 1,728 SF
      1014 Main St, Waterbury, CT 06706-4114
      View Details
    • Value Estimation
      $330,000
      1.43 Acres

      2740 Main St

      COMMERCIAL (GENERAL) • 1.43 Acres
      2740 Main St, Waterbury, CT 06706-2647
      View Details
    • Value Estimation
      $525,000
      32,488 SF

      1114 Main St

      COMMERCIAL (GENERAL) • 32,488 SF
      1114 Main St, Waterbury, CT 06706
      View Details
    • Value Estimation
      $255,000
      5,061 SF

      1465 Main St

      SHOW ROOM, WAREHOUSE • 5,061 SF
      1465 Main St, Waterbury, CT 06706-1736
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      986,379 SF

      Brass Mill Center Retail Space

      Waterbury, CT Retail Opportunity: 8 Spaces Available
      495 Union St, Waterbury, CT 06706
      View Details
    • Contact for pricing
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      Waterbury Retail Space - Huge Potential

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      Retail space available with direct exposure to I-84.
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    495 Union St
    Waterbury, CT 06706
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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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