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Property profile & analytics
OFF-MARKET
Estimated value
$310,000
Office buildings
139 Water St Derby, CT 06418-1912
Entity Owned
14-yr Hold
Free & Clear
Property ID
US15-0841651
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
FRAME
Total area
8,000 SF
Lot
3.44 ac (149,846 SF)
Zoning code
B-1
APN
DERB M:8 B:5 L:170
UPID
US15-0841651
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
-
Winslow Oil Inc Gas Station
-
ARP Welding- Derby Factory Production Facility
-
Winslow Landscaping Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$310k
Owner & transaction history
Schrade Water St LLC · 14 yrs held
Schrade Water St LLC
since 2011
2 recorded transactions
Zoning & alternative use
B-1 · Derby, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 195-15 Business-1 (B-1) Zone. § 195-16 Business-2 (B-2) Zone. § 195-17 Industrial-I (I-1) Zone. § 195-17(A) Mill Design District (MDD) Zone § 195-18 Public and Semipublic (P) Zone. § 195-19 Hospital/Campus (H/C) Zone.
Zone name
Commercial
General category
COMMERCIAL
Zone area
118.84 ac
Top alternative use upside
Commercial (general)
$900,000
+0.7%
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 Derby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Derby 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
$895,000
Current use
COMMERCIAL (GENERAL)
$900,000
Change: +1% · Conversion: Easy
RETAIL STORES
$870,000
Change: -3% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$840,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$725,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$310k
Range $279k – $341k · ±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
$39 / 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
$11,370
Tax year 2023
Assessed value
$294,560
Assessed 2023
Previous assessed
$274,190
+7.4% YoY
Effective rate
3.86%
On assessed value
Assessed land
$178,220
Assessed improvement
$116,340
Applied tax rate
324.0000
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
1950
Construction
FRAME
Heating
STEAM
Buildings
1
Units
1
Total area
8,000 SF
Lot
3.44 ac (149,846 SF)
Zoning code
B-1
APN
DERB M:8 B:5 L:170
UPID
US15-0841651
Jurisdiction
DERBY
Zoning & alternative use
B-1 · Derby, CTZoning B-1 · permitted uses
B-1 · Derby, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 195-15 Business-1 (B-1) Zone. § 195-16 Business-2 (B-2) Zone. § 195-17 Industrial-I (I-1) Zone. § 195-17(A) Mill Design District (MDD) Zone § 195-18 Public and Semipublic (P) Zone. § 195-19 Hospital/Campus (H/C) Zone.
Zone name
Commercial
General category
COMMERCIAL
Zone area
118.84 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$900,000
RETAIL STORES
Est. value
$870,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$725,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1950
Construction
FRAME
Heating
STEAM
Buildings
1
Units
1
Lot
3.44 ac
Current owner
From public records · entity-resolved
Schrade Water St LLC
Entity
Free & Clear · 14 yrs held
Mailing address
25 CLARK ST, DERBY, CT 06418-2715
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2011
$1
Schrade Water St LLC
Derby Water St LLC
Grant Deed
related
—
Sep 23, 2009
$587,500
Derby Water Street LLC
Francini,peter Tr
Warranty Deed
—
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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