Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,470,000
Office buildings
1981 Main St Waterbury, CT 06705-1853
Entity Owned
17-yr Hold
Free & Clear
Property ID
US15-1302966
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Total area
46,044 SF
Lot
8.96 ac (390,298 SF)
Zoning code
CA
APN
WBRY M:0374 B:0120 L:0039
UPID
US15-1302966
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.74M
Blend (final)
Blend
$5.47M
Owner & transaction history
Wbry Brownfields Rede LLC · 17 yrs held
Wbry Brownfields Rede LLC
since 2008
4 recorded transactions
Zoning & alternative use
CA · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+79.5%
Apartment house (5+ units)
$4.5M
+21.1%
Auto repair, garage
$4.2M
+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 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
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
Blend value · Realmo final
$5.47M
Range $4.92M – $6.02M · ±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
$119 / 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
$255,979
Tax year 2023
Assessed value
$4,723,740
Assessed 2023
Previous assessed
$4,723,740
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$887,950
Assessed improvement
$3,835,790
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Total area
46,044 SF
Lot
8.96 ac (390,298 SF)
Zoning code
CA
APN
WBRY M:0374 B:0120 L:0039
UPID
US15-1302966
Jurisdiction
WATERBURY
Zoning & alternative use
CA · Waterbury, CT
Zoning CA · permitted uses
CA · 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
OFFICE BUILDING Current
Est. value
$3.8M
RESTAURANT
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$3.7M
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
2012
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Lot
8.96 ac
Current owner
From public records · entity-resolved
Wbry Brownfields Rede LLC
Entity
Free & Clear · 17 yrs held
Mailing address
83 BANK ST, WATERBURY, CT 06702-2231
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2012
—
1981 E Main Street LLC
—
Deed Of Trust
related
$368,110 · Naugatuck Savings Bank
Apr 21, 2011
—
1981 E Main Street LLC
—
Deed Of Trust
related
$1,000,000 · Waterbury Dev
Nov 24, 2008
$2,150,000
Wbry Brownfields Rede LLC
Mattaco INC
Warranty Deed
—
May 16, 2007
—
Mattaco INC
—
Deed Of Trust
related
$590,336 · Loretta G Boutin
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 1981 Main 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.
