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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office buildings
2247 Main St Waterbury, CT 06705-2604
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US15-0750745
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
7,582 SF
Lot
0.54 ac (23,522 SF)
Zoning code
CG
APN
WBRY M:0398 B:0120 L:0001
UPID
US15-0750745
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
-
Law Offices of Brian J. Mongelluzzo, LLC Law Firm
-
Pharmacogenetic PGx Medical Clinic
-
Next Level Care CT Medical Clinic
-
Jennie Webb Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$615k
Owner & transaction history
Yellow Wood LLC · 19 yrs held
Yellow Wood LLC
since 2007
3 recorded transactions
Zoning & alternative use
CG · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$750,000
+21.1%
Auto repair, garage
$690,000
+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
$620,000
Current use
APARTMENT HOUSE (5+ UNITS)
$750,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$690,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$615,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$530,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$81 / 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
$31,113
Tax year 2023
Assessed value
$574,140
Assessed 2023
Previous assessed
$574,140
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$143,430
Assessed improvement
$430,710
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
7,582 SF
Lot
0.54 ac (23,522 SF)
Zoning code
CG
APN
WBRY M:0398 B:0120 L:0001
UPID
US15-0750745
Jurisdiction
WATERBURY
Zoning & alternative use
CG · Waterbury, CT
Zoning CG · permitted uses
CG · 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
$620,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$690,000
RETAIL STORES
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$530,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1977
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Yellow Wood LLC
Entity
Mailing address
32 RIDGELAND DR, WATERBURY, CT 06708-1561
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2022
—
Yellow Wood LLC
—
Deed
related
$780,000 · Savings Bank Of Danbury
Jun 16, 2010
—
Yellow Wood LLC
—
Deed Of Trust
related
$230,000 · Savings Bank Of Danbury
Apr 30, 2007
$1,200,000
Yellow Wood LLC
Covino,albert N
Warranty Deed
$960,000 · Apple Valley Bt
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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