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Property profile & analytics
FOR LEASE
Manufacturing properties
237 E Aurora St Waterbury, CT 06708
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US15-0908702
For Lease
1 / 23
$6.50 SF/Yr
237 E Aurora St, Waterbury, CT 06708
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1948
Total area
83,506 SF
Lot
3.37 ac (146,797 SF)
Zoning code
IG
APN
WBRY M:0160 B:0707 L:0002
UPID
US15-0908702
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
-
Zen leaf Waterbury (FKA Caring Nature Dispensary) (Bike/Boat/Book/etc) Store
-
Electrical Wholesalers Inc. Building Supply Electrical Service
-
Connecticut Vna Inc Employment Agency
-
AFAB RECYCLING LLC Waste Management Facility Hazardous Waste Disposal
-
Buy The Pound Wholesale Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.07M
Owner & transaction history
Arev E Aurora St Ltd L · 24 yrs held
Arev E Aurora St Ltd L
since 2001
3 recorded transactions
Zoning & alternative use
IG · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
INDUSTRIAL (GENERAL)
$3,355,000
Current use
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±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
$25 / 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
$124,382
Tax year 2023
Assessed value
$2,295,300
Assessed 2023
Previous assessed
$2,295,300
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$291,410
Assessed improvement
$2,003,890
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1948
Heating
HOT WATER
Buildings
1
Stories
1
Total area
83,506 SF
Lot
3.37 ac (146,797 SF)
Zoning code
IG
APN
WBRY M:0160 B:0707 L:0002
UPID
US15-0908702
Jurisdiction
WATERBURY
Zoning & alternative use
IG · Waterbury, CT
Zoning IG · permitted uses
IG · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
INDUSTRIAL (GENERAL) Current
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
1948
Heating
HOT WATER
Stories
1
Buildings
1
Lot
3.37 ac
Current owner
From public records · entity-resolved
Arev E Aurora St Ltd L
Individual
Mailing address
PO BOX 151, WATERBURY, CT 06720-0151
Ownership since
2001
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
Jul 20, 2001
$1,385,000
Arev E Aurora St Ltd L
Olig Lyd
Warranty Deed
$750,000 · Zuckerman Family Nomi
Jul 20, 2001
—
Arev E Aurora St Ltd L
—
Deed Of Trust
related
$400,000 · Zenon Grzybowski
Jul 12, 1993
$7,625
Arev I LP
Albert,burton
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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