Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Investment properties
1447 Bank St Waterbury, CT 06708-4169
Entity Owned
2-yr Hold
Free & Clear
Property ID
US15-0921142
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
7,050 SF
Lot
0.13 ac (5,663 SF)
Zoning code
RM
APN
WBRY M:0436 B:1050 L:0088
UPID
US15-0921142
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
-
A & A mini market ,deli and grocery store Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$670k
Owner & transaction history
1447 Bank Street LLC · 2 yrs held
1447 Bank Street LLC
since 2024
Last sale
$668,000
4 recorded transactions
Zoning & alternative use
RM · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+123.5%
Apartment house (5+ units)
$695,000
+50.8%
Auto repair, garage
$640,000
+38.6%
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
$670,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$460,000
Current use
RESTAURANT
$1,030,000
Change: +124% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$695,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$640,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$575,000
Change: +25% · Conversion: Easy
RETAIL STORES
$570,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$415,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $668k (Feb 7 2024)
Last sale anchor
$668k
Feb 7 2024
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
$95 / 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
$13,705
Tax year 2023
Assessed value
$252,910
Assessed 2023
Previous assessed
$252,910
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$20,090
Assessed improvement
$232,820
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Heating
HOT WATER
Buildings
1
Stories
3
Units
5
Total area
7,050 SF
Lot
0.13 ac (5,663 SF)
Zoning code
RM
APN
WBRY M:0436 B:1050 L:0088
UPID
US15-0921142
Jurisdiction
WATERBURY
Zoning & alternative use
RM · Waterbury, CT
Zoning RM · permitted uses
RM · 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
COMMERCIAL (GENERAL) Current
Est. value
$460,000
RESTAURANT
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$640,000
OFFICE BUILDING
Est. value
$575,000
RETAIL STORES
Est. value
$570,000
WAREHOUSE, STORAGE
Est. value
$415,000
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1910
Heating
HOT WATER
Stories
3
Buildings
1
Units
5
Lot
0.13 ac
Current owner
From public records · entity-resolved
1447 Bank Street LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1447 BANK ST, WATERBURY, CT 06708-4169
Ownership since
2024
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
Feb 7, 2024
$668,000
1447 Bank Street LLC
Eminence Hospitality LLC
Warranty Deed
—
Oct 29, 2021
$379,000
Eminence Hospitality LLC
Gmar Tov LLC
Warranty Deed
$303,200 · Nutmeg State Credit Union
Nov 20, 2012
$1
Towne Apartments LLC
Mazel Apartments LLC
Grant Deed
related
—
Jul 5, 2012
$160,000
Mazel Apartments LLC
Cocchiola Philip B Est
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1447 Bank St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
