New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,340,000
Medical Office Space
160 Robbins St, Waterbury, CT 06708-2652
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0629596
Property summary
AI-generated overview
This exceptional 8,291 square foot medical office space is available for lease in Waterbury, Connecticut. Located at 160 Robbins Street, this single-tenant property sits within a larger 63,714 square foot, two-story medical surgery center directly across from Waterbury Hospital. Built in 1991, the building is zoned CO and offers convenient access for patients and staff. The space is situated on the main level and is divisible to accommodate various practice sizes. The building boasts ample parking, including both open surface and covered options, a significant advantage in an urban setting. This property is part of a multi-tenant building, currently housing a mix of private and hospital-affiliated medical practices, creating a collaborative and established medical environment. The space presents a unique opportunity for medical professionals seeking a well-located, functional, and readily accessible office space in a thriving medical community. Interested parties should inquire for lease rate information. The property features a total building size of 63,714 square feet, spread across two stories.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1918
Total area
53,668 SF
Lot
5.14 ac (223,898 SF)
Zoning code
CO
APN
WBRY M:0250 B:0052 L:0042
UPID
US15-0629596
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
-
Pediatric Associates of Conn. , PC Pediatrician Medical Clinic
-
Dr. Daniel G. Tobin, MD Physician
-
Alliance Medical Group Physician
-
Jeffrey Berg MD Pediatrician Medical Clinic
-
Kaitlynn Jones Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.86M
Blend (final)
Blend
$5.34M
Owner & transaction history
Uinted Bk Peoples · 17 yrs held
Uinted Bk Peoples
since 2008
5 recorded transactions
Zoning & alternative use
CO · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.7M
+96.7%
Restaurant
$6.4M
+89.9%
Auto repair, garage
$4.7M
+38.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,390,000
Current use
OFFICE BUILDING
$6,665,000
Change: +97% · Conversion: Easy
RESTAURANT
$6,440,000
Change: +90% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,695,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$4,555,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,350,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$5.34M
Range $4.81M – $5.87M · ±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
$100 / 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
$483,464
Tax year 2023
Assessed value
$8,921,640
Assessed 2023
Previous assessed
$8,921,640
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$1,536,920
Assessed improvement
$7,384,720
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
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1918
Heating
HEAT PUMP
Buildings
1
Stories
2
Total area
53,668 SF
Lot
5.14 ac (223,898 SF)
Zoning code
CO
APN
WBRY M:0250 B:0052 L:0042
UPID
US15-0629596
Jurisdiction
WATERBURY
Zoning & alternative use
CO · Waterbury, CT
Zoning CO · permitted uses
CO · 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
MEDICAL BUILDING Current
Est. value
$3.4M
OFFICE BUILDING
Est. value
$6.7M
RESTAURANT
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RETAIL STORES
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1918
Heating
HEAT PUMP
Stories
2
Buildings
1
Lot
5.14 ac
Current owner
From public records · entity-resolved
Uinted Bk Peoples
Individual
Mailing address
230 MASON ST, GREENWICH, CT 06830-6943
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2008
$1
Uinted Bk Peoples
Frenchs Mill Assoc 2 LLP
Deed Of Trust
related
—
May 13, 2003
—
Mill Assoc 2 Frenchs
—
Deed Of Trust
related
$6,750,000 · Peoples Bank
Mar 7, 2003
—
Frenchs Mill Assoc 2 LLP
—
Deed Of Trust
related
$6,000,000 · Wachovia Bank NA
Dec 15, 1993
$4,425,000
Frenchs Mill Assoc
Drubner,norman
Warranty Deed
—
Jan 24, 1991
—
Naugatuck Valley Surgi
—
Deed Of Trust
related
$2,200,000 · United Bank & Trust Co
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 160 Robbins 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.
