Technical
Financial
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Property profile

1127 Main St Waterbury, CT 06708

OFF-MARKET
Medical Office Space
Property ID
US15-0019720
4,080 SF 0.31 ac lot Built 1978
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,040 square foot commercial building, situated on a 0.74-acre lot at 1127 W Main Street in Waterbury, CT, presents a remarkable investment opportunity. The property boasts a versatile layout, ideally suited for a variety of professional uses. The main level, encompassing 2020 square feet, was previously occupied by a dental clinic and remains fully equipped for similar medical or professional practices. Its adaptable design makes it equally suitable for a rehabilitation center or law office. The lower level offers an additional 2000 square feet, currently divided into two distinct spaces. One 1000 square foot area served as a chiropractic office, readily convertible for other medical or therapeutic uses. The remaining 1000 square feet functioned as an accounting/bookkeeping office, adaptable to various office-based businesses. Given the high demand in this area, with office space rents ranging from $20 to $25 per square foot, this property offers significant rental income potential. The asking price of $799,900 represents a compelling investment opportunity for a discerning buyer seeking a strong return on investment in a desirable Waterbury location. The property's size, layout, and prime location combine to create a truly exceptional commercial offering.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1978
Total area 4,080 SF
Lot 0.31 ac (13,504 SF)
Zoning code RO
APN WBRY M:0291 B:0032 L:0017
UPID US15-0019720

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Marketing & Advertising
  • Law Firm
  • Law Firm

Location

1127 Main St Waterbury, CT 06708-2764
Waterbury metro Census 351800 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2025
Last sale
$500,000
7 recorded transactions
2025
$500,000
2010
Price N/A
2008
$617,500
2004
Price N/A
1999
$425,000
1994
Price N/A
1989
Price N/A

Zoning & alternative use

RO · Waterbury, CT
Zoning description

The intent of this zone is to promote residential office district uses

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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