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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
1175 Main St Watertown, CT 06795-3147
Entity Owned
38-yr Hold
~
Est. High Equity
Property ID
US15-0341182
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
FRAME
Total area
6,511 SF
Lot
2.86 ac (124,582 SF)
Zoning code
BG
APN
WTWN M:111A B:83 L:22
UPID
US15-0341182
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
-
Nationwide Insurance: Zoltan Z Nanassy Insurance Agency
-
Enterprise Rent-A-Car Car Rental Facility
-
Elite Barber Barber Shop
-
Quin Brew Coffee Company Cafe & Coffee Shop
-
Knights of Columbus #3594 Volunteer Organization Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$575k
Owner & transaction history
Pius X Home Assoc INC · 38 yrs held
Pius X Home Assoc INC
since 1987
1 recorded transaction
Zoning & alternative use
BG · Watertown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$850,000
+12.5%
Apartment house (5+ units)
$810,000
+7.0%
Commercial (general)
$805,000
+6.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$755,000
Current use
RESTAURANT
$850,000
Change: +13% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$810,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$805,000
Change: +7% · Conversion: Easy
RETAIL STORES
$745,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$88 / 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
$20,052
Tax year 2023
Assessed value
$544,000
Assessed 2023
Previous assessed
$544,000
+0.0% YoY
Effective rate
3.69%
On assessed value
Assessed land
$179,000
Assessed improvement
$365,000
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
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
Off-Market
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
6,511 SF
Lot
2.86 ac (124,582 SF)
Zoning code
BG
APN
WTWN M:111A B:83 L:22
UPID
US15-0341182
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$755,000
RESTAURANT
Est. value
$850,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$810,000
COMMERCIAL (GENERAL)
Est. value
$805,000
RETAIL STORES
Est. value
$745,000
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
2.86 ac
Current owner
From public records · entity-resolved
Pius X Home Assoc INC
Entity
Mailing address
1175 MAIN ST, WATERTOWN, CT 06795-3147
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1987
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 1987
—
Pius X Home Assoc INC
—
Deed Of Trust
related
$33,414 · Security Sla
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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