Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1981 Main St Waterbury, CT 06705-1853
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1981 Main St Waterbury, CT 06705-1853

    View on Map
    • Office buildings
    • 46,044 SF
    • 8.96 lot acres
    Off-Market
    Property ID
    US15-1302966
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,470,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Saint Mary's Hospital Physical and Occupational Therapy - Waterbury / Medical Clinic
    • St. Mary's East Main Internal Medicine / Medical Clinic
    • East main internal medicine / Physician
    • Lions Low Vision Center at Saint Mary's / Eye Care Center
    • Frederick Kyle Comrie, MD / Rehabilitation Center

    Property Details for 1981 Main St

    Year built
    2012
    Lot size
    8.96 lot acres
    Property size
    46,044 SF
    Zone code
    CA
    Property type
    Office buildings
    APN
    WBRY M:0374 B:0120 L:0039
    APU
    WBRYM0374B0120L0039

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,737,000
      Market price range: $1.93M - $5.74M
      AI Estimate
      $5,596,000
      Market price range: $2.50M - $5.60M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,750,000
      Current use
      RESTAURANT
      $6,735,000
      Change: +80% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $4,540,000
      Change: +21% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,175,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $3,735,000
      Change: -0% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0082
    Latitude
    41.5444
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $255,979
    $887,950
    $3,835,790
    $4,723,740
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      120 SF

      1327 Meriden Rd

      OFFICE BUILDING • 120 SF
      1327 Meriden Rd, Waterbury, CT 06705-3630
      View Details
    • Value Estimation by Request
      4,356 SF

      553 Plank Rd

      OFFICE BUILDING • 4,356 SF
      553 Plank Rd, Waterbury, CT 06705-2663
      View Details
    • Value Estimation by Request
      3,500 SF

      527 Wolcott St

      OFFICE BUILDING • 3,500 SF
      527 Wolcott St, Waterbury, CT 06705-1240
      View Details
    • Value Estimation by Request
      2,688 SF

      2024 Main St

      OFFICE BUILDING • 2,688 SF
      2024 Main St, Waterbury, CT 06705-2656
      View Details
    • Value Estimation by Request
      2,747 SF

      454 Wolcott St

      OFFICE BUILDING • 2,747 SF
      454 Wolcott St, Waterbury, CT 06705-1239
      View Details
    • Value Estimation
      $615,000
      7,582 SF

      2247 Main St

      OFFICE BUILDING • 7,582 SF
      2247 Main St, Waterbury, CT 06705-2604
      View Details

    Similar Nearby for Sale

    • $350,000
      2,284 SF

      Wolcott Street Office/Retail Building

      2,284 SF office/retail building on busy Wolcott Street.
      447 Wolcott St, Waterbury, CT 06705
      View Details
    • $199,000

      Corner Lot Zoned Commercial Arterial

      0.24 acre corner lot zoned for various commercial uses.
      3280 E Main St, Waterbury, CT 06705
      View Details
    • $595,000
      4,800 SF

      Multi-Use Building on Large Lot

      Multi-use building on 1.55 acre lot with income potential.
      88 Mulloy Rd, Waterbury, CT 06705
      View Details
    • Contact for pricing
      78,000 SF

      Waterbury Industrial Property For Sale

      78,000 SF industrial property in Waterbury, CT. Fully occupied.
      64 Avenue Of Industry, Waterbury, CT 06705
      View Details
    • $199,000
      0.24 Acres

      Waterbury Commercial Corner Lot

      0.24 acre corner lot zoned for various commercial uses.
      3280 E Main St, Waterbury, CT 06705
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      1,100 SF

      Professional Office Space Available

      1,100 SF professional office space suitable for medical or professional uses.
      571 Wolcott St, Waterbury, CT 06705
      View Details
    • $9 SF/Yr
      44,062 SF

      Sunbeam Plaza: Waterbury Office Space

      Prime Wolcott Office Suites Available
      2457 Main St, Waterbury, CT 06705
      View Details
    • Contact for pricing

      Office Space with Shared Amenities

      Office space for rent with shared amenities and utilities included.
      625 Wolcott St, Waterbury, CT 06705
      View Details
    • $500 /Mo
      400 SF

      Updated Medical Office Space

      Recently renovated medical office space with six private offices.
      230 Frost Rd, Waterbury, CT 06705
      View Details
    • $18 SF/Yr
      1,400 SF

      High-Visibility Commercial Unit on Wolcott

      1,400 SF commercial unit with flexible layout and ample parking.
      741 Wolcott St, Waterbury, CT 06705
      View Details
    • Contact for pricing

      Retail Space in Busy Strip

      Prime retail space in a vibrant, high-traffic strip mall.
      1015 Meriden Rd, Waterbury, CT 06705
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1981 Main St
    Waterbury, CT 06705-1853
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!