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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office buildings
18 Waterbury Rd Prospect, CT 06712-1215
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US15-0403579
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
FRAME
Total area
6,068 SF
Lot
1.24 ac (54,014 SF)
Zoning code
RA-1
APN
PROS M:110 B:160 L:18
UPID
US15-0403579
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
-
WORX Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$765k
Owner & transaction history
Backhaus LLC · 28 yrs held
Backhaus LLC
since 1997
5 recorded transactions
Zoning & alternative use
RA-1 · Prospect, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Residential 1 Acre
General category
RESIDENTIAL
Zone area
5,774.59 ac
Source
Realmo
Top alternative use upside
Restaurant
$885,000
+79.5%
Apartment house (5+ units)
$600,000
+21.1%
Auto repair, garage
$550,000
+11.4%
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 Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prospect 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
OFFICE BUILDING
$495,000
Current use
RESTAURANT
$885,000
Change: +80% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$600,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$550,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$490,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$126 / 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
$18,033
Tax year 2023
Assessed value
$564,930
Assessed 2023
Previous assessed
$564,930
+0.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$89,590
Assessed improvement
$475,340
Applied tax rate
340.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
5
Bathrooms
1
Total area
6,068 SF
Lot
1.24 ac (54,014 SF)
Zoning code
RA-1
APN
PROS M:110 B:160 L:18
UPID
US15-0403579
Jurisdiction
PROSPECT
Zoning & alternative use
RA-1 · Prospect, CTZoning RA-1 · permitted uses
RA-1 · Prospect, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Residential 1 Acre
General category
RESIDENTIAL
Zone area
5,774.59 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$495,000
RESTAURANT
Est. value
$885,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$550,000
RETAIL STORES
Est. value
$490,000
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
5
Bathrooms
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Backhaus LLC
Entity
Mailing address
PO BOX 7233, PROSPECT, CT 06712-0233
Ownership since
1997
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 29, 2009
—
Backaus LLC
—
Deed Of Trust
related
$500,000 · Donna Ralomba
Dec 19, 1997
$215,000
Backhaus LLC
Graveline,eugene G JR
Warranty Deed
$490,000 · At&t Small Bus Lend
Oct 7, 1992
—
Eugene Graveline JR.
—
Deed Of Trust
related
$112,000 · Bristol Mortgage
Aug 8, 1988
—
Eugene G Graveline JR
—
Deed Of Trust
related
$110,000 · Naugatuck Savings Bank
Jun 12, 1987
—
Eugene G Graveline JR.
—
Deed Of Trust
related
$19,000 · Naugatuck Savings Bank
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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