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Property profile & analytics
OFF-MARKET
Industrial properties
181 Cross Rd Waterford, CT 06385-1216
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US15-0984984
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,368 SF
Lot
0.92 ac (40,000 SF)
Zoning code
I-G
APN
WFRD M:82 L:1738
UPID
US15-0984984
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
-
Growing Potential, LLC Medical Clinic
-
Becker Kendra A Specialty Food Shop Grocery & Convenience Store
-
Dr. Frank Musante Alternative Medicine Practice
-
Family Wellness Centre of Connecticut Alternative Medicine Practice
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
Chelsea Groton Bank · 13 yrs held
Chelsea Groton Bank
since 2012
4 recorded transactions
Zoning & alternative use
I-G · Waterford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Waterford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterford 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
$7,738
Tax year 2023
Assessed value
$365,020
Assessed 2023
Previous assessed
$365,020
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$168,000
Assessed improvement
$197,020
Applied tax rate
376.0000
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 properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Rooms
7
Bathrooms
2
Total area
7,368 SF
Lot
0.92 ac (40,000 SF)
Zoning code
I-G
APN
WFRD M:82 L:1738
UPID
US15-0984984
Jurisdiction
WATERFORD
Zoning & alternative use
I-G · Waterford, CT
Zoning I-G · permitted uses
I-G · Waterford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Rooms
7
Bathrooms
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Chelsea Groton Bank
Entity
Mailing address
5919 APPROACH RD, SARASOTA, FL 34238-5720
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2026
—
181 Cross Road LLC
—
Deed
related
$350,000 · Chelsea Groton Bank
Oct 12, 2012
$1
Chelsea Groton Bank
Patco LLC
Grant Deed
related
—
Jun 15, 2007
$640,000
Chelsea Groton Sb
Pat Co
Grant Deed
—
Sep 9, 2004
$549,500
Mcm Restoration LLC
Philopena Fmly Re LLC
Warranty Deed
$600,000 · Chelseagroton 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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