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Property profile & analytics
OFF-MARKET
Industrial land
16 Cherry Ave Waterbury, CT 06702-1517
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0119165
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
1.94 ac (84,506 SF)
Zoning code
CBD
APN
WBRY M:0275 B:0086 L:0082
UPID
US15-0119165
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
16 Cherry Avenue LLC · 5 yrs held
16 Cherry Avenue LLC
since 2021
6 recorded transactions
Zoning & alternative use
CBD · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote central business district uses
Zone name
Central Business District
General category
COMMERCIAL
Zone area
300.66 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,226
Tax year 2023
Assessed value
$225,610
Assessed 2023
Previous assessed
$225,610
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$206,850
Assessed improvement
$18,760
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
1.94 ac (84,506 SF)
Zoning code
CBD
APN
WBRY M:0275 B:0086 L:0082
UPID
US15-0119165
Jurisdiction
WATERBURY
Zoning & alternative use
CBD · Waterbury, CTZoning CBD · permitted uses
CBD · Waterbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote central business district uses
Zone name
Central Business District
General category
COMMERCIAL
Zone area
300.66 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
1.94 ac
Current owner
From public records · entity-resolved
16 Cherry Avenue LLC
Entity
Free & Clear · 5 yrs held
Mailing address
100 N ELM ST, WATERBURY, CT 06702-1512
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
—
16 Cherry Avenue LLC
16 Cherry Avenue LLC
Quit Claim Deed
related
—
Jun 9, 2017
—
Waterbury Dev
City Of Waterbury
Quit Claim Deed
related
—
Jan 13, 2017
—
16 Cherry Avenue LLC
Waterbury Dev Corp
Warranty Deed
—
Jun 30, 2009
$200,000
Waterbury Dev Corp
Camelot LP
Warranty Deed
—
Oct 29, 1999
$300,000
Camelot LP
New Opportunities Wate
Grant Deed
$300,000 · Zenon Grzybowski
Oct 29, 1999
—
Camelot LP
—
Deed Of Trust
related
$2,080,000 · Worth Funding INC
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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