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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Investment properties
197 Main St Waterbury, CT 06702-2323
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0059767
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1934
Total area
9,828 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CBD
APN
WBRY M:0295 B:0069 L:0038
UPID
US15-0059767
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
-
Adil Rehman Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$834k
Blend (final)
Blend
$925k
Owner & transaction history
Betterhaven LLC · 2 yrs held
Betterhaven LLC
since 2024
Last sale
$925,000
4 recorded transactions
Zoning & alternative use
CBD · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+170.7%
Apartment house (5+ units)
$970,000
+82.6%
Auto repair, garage
$890,000
+67.9%
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
$925,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,435,000
Change: +171% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$970,000
Change: +83% · Conversion: Moderate
AUTO REPAIR, GARAGE
$890,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$800,000
Change: +51% · Conversion: Easy
RETAIL STORES
$795,000
Change: +50% · Conversion: Easy
WAREHOUSE, STORAGE
$580,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $925k (May 7 2024)
Last sale anchor
$925k
May 7 2024
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
$94 / 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
$32,262
Tax year 2023
Assessed value
$595,350
Assessed 2023
Previous assessed
$595,350
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$129,500
Assessed improvement
$465,850
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1934
Heating
HOT WATER
Buildings
1
Stories
4
Units
12
Total area
9,828 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CBD
APN
WBRY M:0295 B:0069 L:0038
UPID
US15-0059767
Jurisdiction
WATERBURY
Zoning & alternative use
CBD · Waterbury, CT
Zoning CBD · permitted uses
CBD · 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
RESTAURANT
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$890,000
OFFICE BUILDING
Est. value
$800,000
RETAIL STORES
Est. value
$795,000
WAREHOUSE, STORAGE
Est. value
$580,000
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1934
Heating
HOT WATER
Stories
4
Buildings
1
Units
12
Lot
0.31 ac
Current owner
From public records · entity-resolved
Betterhaven LLC
Entity
Mailing address
3000 E WHITNEY AVE #116, HAMDEN, CT 06518-2353
Ownership since
2024
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
May 7, 2024
$925,000
Betterhaven LLC
Lung Shing Rlty USA INC
Warranty Deed
$693,750 · Velocity Commercial Capital LLC
Jan 23, 2009
$925,000
Lung Shing Rlty USA INC
Statewide Members LLC
Warranty Deed
$601,205 · Hsbc Mortgage Corp
May 2, 2006
$700,000
Statewide Members LLC
Nassif,anis
Warranty Deed
$500,000 · Savings Bank Of Danbury
Dec 10, 2002
—
Anis Nassif
—
Deed Of Trust
related
$203,230 · Waterbury City
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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