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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Showrooms
114 Cross Rd Waterford, CT 06385-1204
Entity Owned
7-yr Hold
Free & Clear
Property ID
US15-0482049
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2020
Construction
STEEL FRAME
Total area
5,329 SF
Lot
3 ac (130,530 SF)
Zoning code
I-C
APN
WFRD M:97 L:1712
UPID
US15-0482049
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
-
Milos Richard Janicek Dental Office
-
Dr. Milos R. Janicek, DMD Dental Office
-
Professional Endodontics LLC Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$670k
Owner & transaction history
Memle Props LLC · 7 yrs held
Memle Props LLC
since 2018
4 recorded transactions
Zoning & alternative use
I-C · Waterford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Industrial Commercial District is intended to promote mixed uses.
Zone name
Industrial Commercial District
General category
MIXED_USE
Zone area
152.28 ac
Source
Realmo
Top alternative use upside
Office building
$730,000
+3.2%
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 Waterford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterford 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$710,000
Current use
OFFICE BUILDING
$730,000
Change: +3% · Conversion: Easy
RETAIL STORES
$595,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$126 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$22,079
Tax year 2023
Assessed value
$1,041,460
Assessed 2023
Previous assessed
$1,041,460
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$364,810
Assessed improvement
$676,650
Applied tax rate
376.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2020
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
5,329 SF
Lot
3 ac (130,530 SF)
Zoning code
I-C
APN
WFRD M:97 L:1712
UPID
US15-0482049
Jurisdiction
WATERFORD
Zoning & alternative use
I-C · Waterford, CTZoning I-C · permitted uses
I-C · Waterford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Industrial Commercial District is intended to promote mixed uses.
Zone name
Industrial Commercial District
General category
MIXED_USE
Zone area
152.28 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$710,000
OFFICE BUILDING
Est. value
$730,000
RETAIL STORES
Est. value
$595,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
3 ac
Current owner
From public records · entity-resolved
Memle Props LLC
Entity
Free & Clear · 7 yrs held
Mailing address
114 CROSS RD, WATERFORD, CT 06385-1204
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2018
$720,000
Memle Props LLC
114 Cross Road LLC
Warranty Deed
—
Aug 24, 2017
—
114 Cross Road LLC
Pj & A LLC
Quit Claim Deed
related
—
Aug 10, 2005
$300,000
Pj&a LLC
Lewis,john JR
Warranty Deed
—
Jul 29, 1997
$40,000
John A Lewis
Lewis,dawn M
Warranty Deed
related
—
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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