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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Warehouses
140 Homer St Waterbury, CT 06704-1756
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0209137
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1959
Total area
12,400 SF
Lot
0.96 ac (41,818 SF)
Zoning code
CA
APN
WBRY M:0088 B:0945 L:0076
UPID
US15-0209137
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
-
Fitness Fury X-perience, LLC Gym & Fitness Center
-
Simple Interlock Building Supply General Contractor
-
Stretch with Jes Yoga Gym & Fitness Center
-
Low Cost Ignition Interlock Building Supply General Contractor
-
Bond School of Self Defense Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$468k
Blend (final)
Blend
$550k
Owner & transaction history
Armor Fire Technologies · 4 yrs held
Armor Fire Technologies
since 2022
7 recorded transactions
Zoning & alternative use
CA · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$865,000
+18.3%
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 Waterbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterbury 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
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$730,000
Current use
COMMERCIAL (GENERAL)
$865,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$44 / 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
$23,120
Tax year 2023
Assessed value
$426,650
Assessed 2023
Previous assessed
$426,650
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$126,280
Assessed improvement
$300,370
Applied tax rate
312.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1959
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
12,400 SF
Lot
0.96 ac (41,818 SF)
Zoning code
CA
APN
WBRY M:0088 B:0945 L:0076
UPID
US15-0209137
Jurisdiction
WATERBURY
Zoning & alternative use
CA · Waterbury, CT
Zoning CA · permitted uses
CA · Waterbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$865,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1959
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Armor Fire Technologies
Individual
Mailing address
49 HEYWOOD AVE, WEST SPRINGFIELD, MA 01089-3707
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2022
—
Armor Fire Technologies
Lagasse Properties LLC
Warranty Deed
$450,000 · Td Bank NA
May 4, 2017
—
Lagasse Properties LLC
—
Deed
related
$250,000 · Robert C Lagasse
Oct 16, 2013
—
Lagasse Properties LLC
—
Deed Of Trust
related
$134,546 · Naomi M Lagasse
May 31, 2013
—
Lagasse Props LLC
B&b Ent
Quit Claim Deed
related
—
Feb 14, 2008
$440,000
Lagasse Property LLC
Brightman,ronald
Warranty Deed
—
May 23, 1991
—
B & B Ent
—
Deed Of Trust
related
$145,000 · Zwi Kohorn
—
—
Lagasse Properties LLC
—
Deed Of Trust
related
$250,000 · Robert C Lagasse
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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