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Property profile & analytics
OFF-MARKET
Retail space
1022 Main St, Watertown, CT 06795-2919
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-0163566
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
FRAME
Total area
1,250 SF
Lot
0.19 ac (8,276 SF)
Zoning code
BG
APN
WTWN M:109B B:84 L:1
UPID
US15-0163566
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cairns & Creations on Main (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Luis Kadiu · 1 yrs held
Luis Kadiu
since 2024
Last sale
$232,000
7 recorded transactions
Zoning & alternative use
BG · Watertown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Watertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watertown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,712
Tax year 2024
Assessed value
$130,830
Assessed 2024
Previous assessed
$133,300
-1.9% YoY
Effective rate
2.84%
On assessed value
Assessed land
$70,980
Assessed improvement
$59,850
Applied tax rate
240.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Rooms
6
Bathrooms
1
Total area
1,250 SF
Lot
0.19 ac (8,276 SF)
Zoning code
BG
APN
WTWN M:109B B:84 L:1
UPID
US15-0163566
Jurisdiction
WATERTOWN
Zoning & alternative use
BG · Watertown, CT
Zoning BG · permitted uses
BG · Watertown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Watertown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Rooms
6
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Luis Kadiu
Individual
Mailing address
96 LONG MDW RD, BETHLEHEM, CT 06751-1118
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
$232,000
Luis Kadiu
1022 Main St LLC
Warranty Deed
$174,500 · Equity Based Cap LLC
Jul 15, 2004
$139,000
Mark Drost
Lamar,johnny
Warranty Deed
$100,000 · Banknorth NA
May 23, 2003
—
Johnny Lamar
—
Deed Of Trust
related
$112,500 · Freedom Mortgage
Jul 9, 1999
$94,900
Johnny Lamar
Lafreniere,james
Warranty Deed
$94,851 · Alliance Mortgage
May 19, 1998
—
James Lafreniere
—
Deed Of Trust
related
$60,000 · Webster Bank
May 28, 1997
—
James Lafreniere
—
Deed Of Trust
related
$35,000 · Webster Bank
Dec 8, 1995
—
James Lafreniere
—
Deed Of Trust
related
$20,000 · North American Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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