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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1012 Wolcott St Waterbury, CT 06705

    • Showrooms
    • 6,665 SF
    • 0.94 lot acres
    For Lease
    View listing
    Last Sale
    Jan 11, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-1287822
    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

    • Burning Bush Family Life Center / Association / Organization
    • LL Flooring / Flooring Contractor / Carpet Installer

    Property Details for 1012 Wolcott St

    Year built
    1985
    Lot size
    0.94 lot acres
    Property size
    6,665 SF
    Zone code
    CA
    Property type
    Showrooms
    APN
    WBRY M:0204 B:0450 L:0003
    APU
    WBRYM0204B0450L0003

    Description

    This exceptional 6,665-square-foot retail property is ideally situated in the heart of Waterbury's main retail corridor on Wolcott Street. Boasting excellent street frontage and high visibility, this single-tenant space offers significant potential for a variety of retail businesses. The property features seven garage bay doors, providing ample access and flexibility for loading and unloading, or alternatively, it could function as a pad site. Its strategic location provides convenient access to major thoroughfares, including I-84 and Route 8, ensuring high traffic volume and excellent accessibility for customers. The area is experiencing significant revitalization, with recent additions of prominent national retailers such as TJ Maxx, PetSmart, and Stop & Shop, further enhancing the property's desirability and potential for success. Wolcott Street boasts impressive traffic counts, averaging 20,641 vehicles per day, guaranteeing substantial exposure for any business occupying this space. The property includes pylon signage opportunities for enhanced brand visibility. This is a rare opportunity to secure a prime retail location in a thriving commercial area. The property is located in New Haven County, Connecticut, with a Waterbury, CT 06705 zip code.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $763,000
      Market price range: $181k - $763k
      AI Estimate
      $592,000
      Market price range: $200k - $593k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $465,000
      Current use
      RESTAURANT
      $975,000
      Change: +109% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $655,000
      Change: +41% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $605,000
      Change: +30% Conversion: Difficult
      OFFICE BUILDING
      $545,000
      Change: +16% Conversion: Easy
      RETAIL STORES
      $540,000
      Change: +16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0059
    Latitude
    41.5683
    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
    $34,997
    $163,940
    $481,880
    $645,820
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,280 SF

      199 Mulloy Rd

      SHOW ROOM, WAREHOUSE • 3,280 SF
      199 Mulloy Rd, Waterbury, CT 06705-3439
      View Details
    • Value Estimation by Request
      7,895 SF

      1864 Main St

      SHOW ROOM, WAREHOUSE • 7,895 SF
      1864 Main St, Waterbury, CT 06705-1820
      View Details
    • Value Estimation
      $750,000
      11,760 SF

      147 Scott Rd

      SHOW ROOM, WAREHOUSE • 11,760 SF
      147 Scott Rd, Waterbury, CT 06705-3299
      View Details
    • Value Estimation
      $1,885,000
      48,299 SF

      110 Mattatuck Hts Rd

      SHOW ROOM, WAREHOUSE • 48,299 SF
      110 Mattatuck Hts Rd, Waterbury, CT 06705-3831
      View Details
    • Value Estimation by Request
      1,460 SF

      1319 Meriden Rd

      SHOW ROOM, WAREHOUSE • 1,460 SF
      1319 Meriden Rd, Wolcott, CT 06705-3630
      View Details
    • Value Estimation
      $1,310,000
      12,330 SF

      169 Meriden Rd

      SHOW ROOM, WAREHOUSE • 12,330 SF
      169 Meriden Rd, Waterbury, CT 06705-1938
      View Details

    Similar Nearby for Sale

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      Prime Retail Center - Vacant, 8.47 Acres
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    Similar Nearby for Lease

    • $14 SF/Yr
      4,337 SF

      Retail/Office/Flex Space Available

      New retail, office, or flex space with highway access.
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      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
    • Contact for pricing
      14,477 SF

      Freestanding Building at Key Intersection

      Freestanding retail building with excellent visibility, sublease until 2035.
      11 Meriden Rd, Waterbury, CT 06705
      View Details
    • $9 SF/Yr
      44,062 SF

      Sunbeam Plaza: Waterbury Office Space

      Prime Wolcott Office Suites Available
      2457 Main St, 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
    • $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
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    1012 Wolcott St
    Waterbury, CT 06705
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    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
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