Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Showrooms
1999 Main St Waterbury, CT 06706-2029
Entity Owned
3-yr Hold
Free & Clear
Property ID
US15-0412323
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1950
Total area
9,869 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CG
APN
WBRY M:0502 B:0332 L:0010
UPID
US15-0412323
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
-
C & H Electric Inc Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$510k
Blend (final)
Blend
$765k
Owner & transaction history
1999 Main Street LLC · 3 yrs held
1999 Main Street LLC
since 2023
Last sale
$765,000
2 recorded transactions
Zoning & alternative use
CG · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote general commercial district uses
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
328.98 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$975,000
+41.6%
Auto repair, garage
$895,000
+30.2%
Office building
$805,000
+17.0%
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
$720,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$685,000
Current use
APARTMENT HOUSE (5+ UNITS)
$975,000
Change: +42% · Conversion: Moderate
AUTO REPAIR, GARAGE
$895,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$805,000
Change: +17% · Conversion: Easy
RETAIL STORES
$800,000
Change: +16% · Conversion: Easy
WAREHOUSE, STORAGE
$580,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $765k (May 19 2023)
Last sale anchor
$765k
May 19 2023
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
$78 / 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
$18,428
Tax year 2023
Assessed value
$340,060
Assessed 2023
Previous assessed
$340,060
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$140,350
Assessed improvement
$199,710
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1950
Heating
SPACE
Buildings
1
Stories
1
Total area
9,869 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CG
APN
WBRY M:0502 B:0332 L:0010
UPID
US15-0412323
Jurisdiction
WATERBURY
Zoning & alternative use
CG · Waterbury, CTZoning CG · permitted uses
CG · Waterbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote general commercial district uses
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
328.98 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$685,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$975,000
AUTO REPAIR, GARAGE
Est. value
$895,000
OFFICE BUILDING
Est. value
$805,000
RETAIL STORES
Est. value
$800,000
WAREHOUSE, STORAGE
Est. value
$580,000
COMMERCIAL (GENERAL) Current
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
1950
Heating
SPACE
Stories
1
Buildings
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
1999 Main Street LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1999 S MAIN ST, WATERBURY, CT 06706-2029
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2023
$765,000
1999 Main Street LLC
R&r Prop Associates LLC
Warranty Deed
—
Oct 11, 1994
$250,000
R Assoc
Cordeau,robert
Warranty Deed
$250,000 · Zenon Grzybowski
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 1999 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.
