Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    157 Hillside Ave Waterbury, CT 06710

    • Retirement homes
    • 20,185 SF
    • 0.76 lot acres
    For Sale
    View listing
    $6,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0207935
    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

    • Carriage Manor LLC / Assisted Living Facility

    Property Details for 157 Hillside Ave

    Lot size
    0.76 lot acres
    Property size
    20,185 SF
    Property type
    Retirement homes

    Description

    This exceptional investment opportunity presents the Carriage Manor Residential Care Facility, a thriving 25-bed senior living community located at 157 Hillside Ave, Waterbury, CT 06710, in New Haven County. The property boasts a Class A designation and encompasses 20,185 square feet across three stories within a single building situated on a 0.76-acre lot. Completely renovated in 2011 at a cost of $4,000,000, the facility currently operates at 100% occupancy, demonstrating a long-term stable investment potential. Key features include a full commercial kitchen, elevator access to all three floors, and a separate two-car garage with an attached three-bedroom apartment. Its convenient location between Hartford and Danbury ensures accessibility for residents and staff. The asking price for this turnkey business and real estate package is $6,500,000. This represents a rare opportunity to acquire a high-performing senior care facility with a proven track record of success and strong historical occupancy levels (99.9%). Detailed financial information is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.046031217467
    Latitude
    41.561472337792

    Comparable in this City

    • $329,000

      Specialty Property for Sale

      Specialty property available for purchase.
      60 Grace Ave, Waterbury, CT 06710
      View Details
    • $226,000

      Specialty Property Available For Sale

      Specialty property for sale at $226,000 in Waterbury, CT.
      60 Clifton Ave, Waterbury, CT 06710
      View Details
    • $399,000

      Well-Maintained Multifamily Property in Waterbury

      Turn-key multifamily property in Waterbury's historic Hillside District.
      215 Woodlawn Ter, Waterbury, CT 06710
      View Details
    • $435,000

      Spacious Updated Income-Generating Triplex

      Well-maintained Waterbury triplex with updated units and strong rental appeal.
      26 Ridgewood St, Waterbury, CT 06710
      View Details
    • $279,900

      Residential Income Property For Sale

      Residential income property available for purchase.
      53 Hillside Ave, Waterbury, CT 06710
      View Details
    • New
      $689,900
      3,761 SF

      Renovated Turn-Key Multi-Family Home

      Fully renovated 3-family home with new systems and modern amenities.
      54 Plaza Ave, Waterbury, CT 06710
      View Details

    Similar Nearby for Sale

    • $329,000

      Specialty Property for Sale

      Specialty property available for purchase.
      60 Grace Ave, Waterbury, CT 06710
      View Details
    • $226,000

      Specialty Property Available For Sale

      Specialty property for sale at $226,000 in Waterbury, CT.
      60 Clifton Ave, Waterbury, CT 06710
      View Details
    • $399,000

      Well-Maintained Multifamily Property in Waterbury

      Turn-key multifamily property in Waterbury's historic Hillside District.
      215 Woodlawn Ter, Waterbury, CT 06710
      View Details
    • $435,000

      Spacious Updated Income-Generating Triplex

      Well-maintained Waterbury triplex with updated units and strong rental appeal.
      26 Ridgewood St, Waterbury, CT 06710
      View Details
    • $279,900

      Residential Income Property For Sale

      Residential income property available for purchase.
      53 Hillside Ave, Waterbury, CT 06710
      View Details
    • New
      $689,900
      3,761 SF

      Renovated Turn-Key Multi-Family Home

      Fully renovated 3-family home with new systems and modern amenities.
      54 Plaza Ave, Waterbury, CT 06710
      View Details

    Similar Nearby for Lease

    • $1,650 /Mo

      Spacious Updated 3-Bedroom Apartment

      Large, updated 3-bedroom apartment with in-unit W/D hookups.
      197 Chestnut Ave, Waterbury, CT 06710
      View Details
    • $1,500 /Mo

      Comfortable Living in Waterbury Rental

      Well-kept rental with easy access to local amenities and transportation.
      247 Willow St, Waterbury, CT 06710
      View Details
    • $1,450 /Mo

      Modern Apartment with Secure Parking

      Stylish 2-bedroom apartment in a prime location with parking.
      167 Chestnut Ave, Waterbury, CT 06710
      View Details
    • $1,500 /Mo

      Spacious Apartment with Extra Room

      Bright 2-bedroom apartment with office near amenities and transport.
      175 Chestnut Ave, Waterbury, CT 06710
      View Details
    • $1,600 /Mo

      Renovated Apartment with Three Bedrooms

      Newly renovated three-bedroom apartment with off-street parking available for rent.
      15 Ridgewood St, Waterbury, CT 06710
      View Details
    • $1,750 /Mo

      Spacious 3-Bedroom Apartment For Rent

      Bright, second-floor apartment near transit, shops, and schools.
      176 Chestnut Ave, Waterbury, CT 06710
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    157 Hillside Ave
    Waterbury, CT 06710
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.