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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Residential income homes
24 Central Ave Waterbury, CT 06702-1201
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0996929
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1930
Total area
10,800 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CBD
APN
WBRY M:0274 B:0004 L:0002
UPID
US15-0996929
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
-
Connecticut Renaissance Inc. Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.34M
Owner & transaction history
Ct Renaissance Fund INC · 3 yrs held
Ct Renaissance Fund INC
since 2023
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
CBD · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote central business district uses
Zone name
Central Business District
General category
COMMERCIAL
Zone area
300.66 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.6M
+48.3%
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
$1,560,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
$1,825,000
6.5%
$1,685,000
7%
$1,565,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,065,000
Current use
RESTAURANT
$1,580,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$980,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$880,000
Change: -17% · Conversion: Moderate
RETAIL STORES
$875,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10% · vs last sale $1.23M (Jul 17 2023)
Last sale anchor
$1.23M
Jul 17 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
$124 / 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
$37,394
Tax year 2023
Assessed value
$690,060
Assessed 2023
Previous assessed
$690,060
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$66,570
Assessed improvement
$623,490
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1930
Heating
HOT WATER
Buildings
1
Stories
3
Units
30
Total area
10,800 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CBD
APN
WBRY M:0274 B:0004 L:0002
UPID
US15-0996929
Jurisdiction
WATERBURY
Zoning & alternative use
CBD · Waterbury, CTZoning CBD · permitted uses
CBD · 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 central business district uses
Zone name
Central Business District
General category
COMMERCIAL
Zone area
300.66 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$980,000
OFFICE BUILDING
Est. value
$880,000
RETAIL STORES
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1930
Heating
HOT WATER
Stories
3
Buildings
1
Units
30
Lot
0.13 ac
Current owner
From public records · entity-resolved
Ct Renaissance Fund INC
Entity
Mailing address
24 CENTRAL AVE, WATERBURY, CT 06702-1201
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
$1,225,000
Ct Renaissance Fund INC
Post Dev Associates LLC
Warranty Deed
$975,000 · Post Dev Assoc LLC
Jul 12, 2022
—
Post Dev Associates LLC
—
Deed
related
$215,000 · Savings Bank Of Danbury
Feb 28, 2017
—
Post Dev Assoc LLC
—
Deed
related
$300,000 · Savings Bk/danbury
Dec 23, 1997
$34,500
Post Dev Assoc
Sowamco Xvii Ltd
Grant Deed
—
—
—
Post Dev Assoc LLC
—
Deed Of Trust
related
$300,000 · Savings Bk/danbury
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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