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Property profile & analytics
FOR LEASE
Office buildings
115 Waterbury Rd Prospect, CT 06712
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US15-0906041
For Lease
1 / 3
Contact for pricing
115 Waterbury Rd, Prospect, CT 06712
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
FRAME
Total area
8,600 SF
Lot
2.34 ac (101,930 SF)
Zoning code
B
APN
PROS M:104 B:160 L:115
UPID
US15-0906041
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
-
Brass Axe Capital Business Broker
-
Mary Ellen Baldino Physician
-
ProHealth Physicians Prospect Family Medicine Physician
-
Dr. William Mcqueen Physician
-
Direct Threads Production Facility Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.04M
Owner & transaction history
Cjn Rlty LLC · 21 yrs held
Cjn Rlty LLC
since 2005
3 recorded transactions
Zoning & alternative use
B · Prospect, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Business
General category
COMMERCIAL
Zone area
280.51 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.3M
+79.5%
Apartment house (5+ units)
$850,000
+21.1%
Auto repair, garage
$780,000
+11.4%
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 Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prospect 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
OFFICE BUILDING
$700,000
Current use
RESTAURANT
$1,260,000
Change: +80% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$850,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$780,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$695,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$120 / 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
$24,097
Tax year 2023
Assessed value
$754,910
Assessed 2023
Previous assessed
$754,910
+0.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$160,290
Assessed improvement
$594,620
Applied tax rate
340.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2005
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Rooms
8
Bathrooms
2
Total area
8,600 SF
Lot
2.34 ac (101,930 SF)
Zoning code
B
APN
PROS M:104 B:160 L:115
UPID
US15-0906041
Jurisdiction
PROSPECT
Zoning & alternative use
B · Prospect, CTZoning B · permitted uses
B · Prospect, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Business
General category
COMMERCIAL
Zone area
280.51 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$700,000
RESTAURANT
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$780,000
RETAIL STORES
Est. value
$695,000
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2005
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Rooms
8
Bathrooms
2
Lot
2.34 ac
Current owner
From public records · entity-resolved
Cjn Rlty LLC
Entity
Mailing address
PO BOX 7036, PROSPECT, CT 06712-0036
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2005
—
Cjn Rlty LLC
—
Deed Of Trust
related
$950,000 · Bank Of America
—
—
Cjn Realty LLC
—
Deed Of Trust
related
$960,000 · Ion Bank
—
—
Chn Realty LLC
—
Deed Of Trust
related
$960,000 · Ion Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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