Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    207 Bank St Waterbury, CT 06702

    • Office properties & Spaces
    • 840 SF
    For Lease
    View listing
    $12 SF/Yr
    Last Sale
    May 26, 2021
    $30,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0297292
    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.

    Current Use by Public Records

    • The Law Offices of Paul Levin: Personal Injury Lawyer Waterbury, CT / Law Firm
    • Kernan & Henry / Law Firm
    • Mc Donald John K / Law Firm
    • DAVID J. SCULLY / Law Firm
    • Commercial Lending Waterbury CT / Loan Service / Bank

    Property Details for 207 Bank St

    Year built
    1910
    Property size
    840 SF
    Zone code
    CBD
    Property type
    Office properties & Spaces
    APN
    WBRY M:0294 B:0274 L:0207-1A
    APU
    WBRYM0294B0274L02071A

    Description

    This exceptional executive office space, located at 207 Bank Street, Unit 5 in Waterbury, Connecticut, offers a rare opportunity to lease a highly desirable commercial property. The building, constructed in 1910 and situated in the heart of the Central Business District (CBD), boasts a total of 4,711 square feet. Currently, the entire space is vacant and available for lease, offering flexibility for businesses seeking between 1,074 and 3,637 contiguous square feet. The unit features attractive 9-foot ceilings, providing a spacious and comfortable work environment. The property's zoning designation as CBD ensures convenient access to amenities and a vibrant business community. This location in New Haven County, with its Waterbury address and 06702 zip code, provides excellent visibility and accessibility. The multiple tenancy option allows for adaptability to various business needs. This is an ideal space for businesses seeking a prestigious address in a thriving Connecticut city. The property is ready for immediate occupancy, presenting a unique chance to establish a strong presence in the Waterbury market. Interested parties should inquire promptly to secure this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0413
    Latitude
    41.5528
    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
    2024
    $1,460
    $0.00
    $29,540
    $29,540
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      880 SF

      207 Bank St Fl 1d

      CONDOMINIUM OFFICES • 880 SF
      207 Bank St Fl 1d, Waterbury, CT 06702-2202
      View Details
    • Value Estimation by Request
      7,920 SF

      207 Bank St Ste, Unit 2

      CONDOMINIUM OFFICES • 7,920 SF
      207 Bank St Ste, Waterbury, CT 06702-2202
      View Details
    • Value Estimation by Request
      4,500 SF

      83 Bank St Fl 3a

      CONDOMINIUM OFFICES • 4,500 SF
      83 Bank St Fl 3a, Waterbury, CT 06702-2232
      View Details
    • Value Estimation by Request
      1,000 SF

      207 Bank St Fl 4a

      CONDOMINIUM OFFICES • 1,000 SF
      207 Bank St Fl 4a, Waterbury, CT 06702-2202
      View Details
    • Value Estimation by Request
      3,640 SF

      207 Bank St Fl, Unit 5

      CONDOMINIUM OFFICES • 3,640 SF
      207 Bank St Fl, Waterbury, CT 06702-2202
      View Details
    • Value Estimation by Request
      3,560 SF

      207 Bank St Ste 3a

      CONDOMINIUM OFFICES • 3,560 SF
      207 Bank St Ste 3a, Waterbury, CT 06702-2202
      View Details

    Similar Nearby for Sale

    • $49,000
      3,637 SF

      Waterbury Executive Office Suite

      Prime CBD Location, $49K
      207 Bank St, Waterbury, CT 06702
      View Details
    • $195,000
      1,009 SF

      Prime Waterbury Executive Office Space

      Historic building, flexible layout, great location.
      207 Bank St, Waterbury, CT 06702
      View Details
    • $390,000
      1,000 SF

      Bank Street Waterbury Commercial Gem

      Prime CT location, restaurant/office space.
      207 Bank St, Waterbury, CT 06702
      View Details
    • $79,000
      1,009 SF

      Waterbury Executive Office Suite

      1,009 SF Office, $79K Asking
      207 Bank St, Waterbury, CT 06702
      View Details
    • $269,000
      3,637 SF

      Prime Waterbury Executive Office Space

      3,637 SF Office, $269,000 Asking
      207 Bank St, Waterbury, CT 06702
      View Details
    • $49,000
      1,118 SF

      Bank Street Executive Office Suite

      1,118 sq ft Executive Office in Waterbury, CT
      207 Bank St, Waterbury, CT 06702
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,637 SF

      Waterbury Executive Office Suite

      1,118 SF Office, Ready to Customize
      207 Bank St, Waterbury, CT 06702
      View Details
    • $12 SF/Yr
      4,711 SF

      Waterbury Executive Office Suites

      Prime Waterbury Office Space Available
      207 Bank St, Waterbury, CT 06702
      View Details
    • $12 SF/Yr
      2,589 SF

      Executive Office Suite, Waterbury, CT

      Prime 1,009 SF Office, Waterbury CBD
      207 Bank St, Waterbury, CT 06702
      View Details
    • $12 SF/Yr
      3,637 SF

      Prime Waterbury Executive Office Space

      3,637 SF Executive Suite Available
      207 Bank St, Waterbury, CT 06702
      View Details
    • $19 SF/Yr
      44,454 SF

      Bank Street Executive Suites

      Waterbury, CT Office Space Available
      255 Bank St, Waterbury, CT 06702
      View Details
    • $12 SF/Yr
      1,009 SF

      Executive Office Suite, Waterbury, CT

      Prime 1,009 SF Office, Waterbury CBD
      207 Bank St, Waterbury, CT 06702
      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.
    207 Bank St
    Waterbury, CT 06702
    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!