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    Property profile & analytics

    152 Waterbury Rd Prospect, CT 06712-1228

    • Commercial real estate
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Last Sale
    Oct 07, 2025
    $275,000
    Location Intelligence
    Property ID
    US15-0582375
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 152 Waterbury Rd

    Lot size
    0.39 lot acres
    Zone code
    B
    Property type
    Commercial real estate
    APN
    PROS M:104 B:160 L:152
    APU
    PROSM104B160L152

    Description

    This exceptional investment opportunity presents two commercial buildings totaling 6,596 square feet situated on a 1.26-acre lot in Prospect, Connecticut. Located at 152-156 Waterbury Rd, 06712, this property boasts a prominent position with high visibility and traffic flow. The buildings, constructed between 1953 and 1955, are currently configured as a gas station, classified as Class D. The asking price is $875,000, translating to $132.66 per square foot. The property is zoned B, allowing for a multitude of potential uses beyond its current configuration. This presents a unique chance for investors to capitalize on a well-established location with significant upside potential. The substantial lot size offers ample space for expansion or redevelopment, catering to a variety of business ventures. This turnkey operation is ready for a new owner to take advantage of its established presence and strong location. Serious inquiries are encouraged to explore the full potential of this valuable asset.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $345,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $420,000
      Mixed-Use
      $330,000
      Hospitality
      $375,000
      Educational
      $410,000
      Residential Income
      $340,000
      Energy
      $340,000
      Income-Based Land
      $370,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Prospect
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9948
    Latitude
    41.5244
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,050
    $74,760
    $114,790
    $189,550
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      3,364 SF

      218 Cheshire Rd

      COMMERCIAL (GENERAL) • 3,364 SF
      218 Cheshire Rd, Prospect, CT 06712
      View Details
    • Value Estimation by Request
      760 SF

      130 Union City Rd

      Commercial real estate • 760 SF
      130 Union City Rd, Prospect, CT 06712
      View Details
    • Value Estimation
      $625,000
      4.01 Acres

      103 Cheshire Rd

      COMMERCIAL (GENERAL) • 4.01 Acres
      103 Cheshire Rd, Prospect, CT 06712-1611
      View Details
    • Value Estimation
      $335,000
      3,000 SF

      246 New Hvn Rd

      COMMERCIAL (GENERAL) • 3,000 SF
      246 New Hvn Rd, Prospect, CT 06712-1632
      View Details
    • Value Estimation
      $225,000
      0.64 Acres

      33 Waterbury Rd

      COMMERCIAL (GENERAL) • 0.64 Acres
      33 Waterbury Rd, Prospect, CT 06712-1237
      View Details
    • Value Estimation
      $215,000
      0.72 Acres

      113 Waterbury Rd

      COMMERCIAL (GENERAL) • 0.72 Acres
      113 Waterbury Rd, Prospect, CT 06712-1223
      View Details

    Similar Nearby for Sale

    • $125,000
      0.64 Acres

      Prospect Commercial Land - $125K

      0.64-acre commercial lot, prime location.
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    • $555,000

      Specialty Property For Sale

      Specialty property available for purchase.
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      Residential Land in Prospect, CT

      2.63 acre treed lot ready for customized home construction.
      lot3 Coachlight Cir, Prospect, CT 06712
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    • $850,000

      Commercial Land with Garages

      Commercial land with two buildings and garages on corner lot.
      156 Waterbury Rd, Prospect, CT 06712
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    • $1,500,000

      Commercial Land in Prospect

      4.83 acres of commercial land with high traffic counts.
      Waterbury Rd, Prospect, CT 06712
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    Similar Nearby for Lease

    • $2,000 /Mo
      1,583 SF

      Charming Office Space in Prospect

      Professional office space with prime visibility on Waterbury Road.
      31 Waterbury Rd, Prospect, CT 06712
      View Details
    • $22 SF/Yr
      1,214 SF

      Medical Office Space Available

      Medical office suites available in Prospect, Connecticut.
      166 Waterbury Rd, Waterbury, CT 06712
      View Details
    • $2,500 /Mo
      3,000 SF

      Retail/Office Space in Prospect

      Retail or office space available on busy RT 68.
      94 Union City Rd, Prospect, CT 06712
      View Details
    • $1,600 /Mo
      1,000 SF

      Office Space Available For Rent

      Office space available for lease in Prospect, Connecticut.
      115 Waterbury Rd, Prospect, CT 06712
      View Details
    • $1,800 /Mo
      2,950 SF

      Warehouse Space Near Route 8

      2,950 SF warehouse space, ideal for contractors.
      123 Union City Rd, Prospect, CT 06712
      View Details
    • $9 SF/Yr
      12,104 SF

      Warehouse with Office and Generator

      12,100 SF warehouse with office, loading docks, and generator.
      60 Scott Rd, Prospect, CT 06712
      View Details
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    152 Waterbury Rd
    Prospect, CT 06712-1228
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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