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    Property profile & analytics

    24 Meriden Rd Waterbury, CT 06705

    • Parking lots & garages
    • 3,600 SF
    • 0.32 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US15-1011447
    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

    • Ernie's Auto / Used Car Dealer
    • Tire Mart Plus / Tire Shop / Used Tire Shop
    • American Auto Electric / Auto Repair Shop / Auto Electrical Service

    Property Details for 24 Meriden Rd

    Year built
    1970
    Lot size
    0.32 lot acres
    Property size
    3,600 SF
    Zone code
    CA
    Property type
    Parking lots & garages
    APN
    WBRY M:0348 B:0102 L:0371
    APU
    WBRYM0348B0102L0371

    Description

    This 3,600 square foot free-standing building is located at 24 Meriden Road in Waterbury, Connecticut, on Route 69, boasting a daily traffic count of 22,900 vehicles. The property sits on a 0.36-acre lot and is zoned CA (Commercial). Ideal for fast food or auto service businesses, this single-tenant building offers 3 overhead doors, a 10-foot ceiling height, and is constructed of block and steel. The interior measures approximately 80' x 45' and features partial air conditioning and gas heat. Utilities include 200-amp 3-phase electric service, Eversource gas, city water, and city sewer. Built in 1988, the building is available for lease at $18.00 per square foot, plus net expenses. The property's convenient location offers proximity to Interstate 84 (less than one mile) and Route 8 (one mile). Ample parking is available. The building can be subdivided to accommodate various business needs.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $260,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $325,000
      Mixed-Use
      $340,000
      Hospitality
      $320,000
      Educational
      $330,000
      Residential Income
      $330,000
      Energy
      $270,000
      Income-Based Land
      $315,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0167
    Latitude
    41.5471
    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
    2023
    $13,443
    $70,630
    $177,450
    $248,080
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      3,228 SF

      1833 Main St

      PARKING GARAGE, PARKING STRUCTURE • 3,228 SF
      1833 Main St, Waterbury, CT 06705-1819
      View Details
    • Value Estimation
      $175,000
      3,318 SF

      717 Meriden Rd

      PARKING GARAGE, PARKING STRUCTURE • 3,318 SF
      717 Meriden Rd, Waterbury, CT 06705-2432
      View Details
    • Value Estimation
      $230,000
      1,827 SF

      584 Meriden Rd

      PARKING GARAGE, PARKING STRUCTURE • 1,827 SF
      584 Meriden Rd, Waterbury, CT 06705-2320
      View Details
    • Value Estimation
      $200,000
      1,344 SF

      260 Mulloy Rd

      PARKING GARAGE, PARKING STRUCTURE • 1,344 SF
      260 Mulloy Rd, Waterbury, CT 06705-3438
      View Details
    • Value Estimation
      $750,000
      3,960 SF

      809 Wolcott St

      PARKING GARAGE, PARKING STRUCTURE • 3,960 SF
      809 Wolcott St, Waterbury, CT 06705-1313
      View Details
    • Value Estimation
      $85,000
      4,846 SF

      108 Mulloy Rd

      PARKING GARAGE, PARKING STRUCTURE • 4,846 SF
      108 Mulloy Rd, Waterbury, CT 06705-3438
      View Details

    Similar Nearby for Sale

    • $595,000
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      Waterbury Commercial Property on Large Lot

      Multi-use building on 0.77-acre lot with existing tenants.
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      View Details
    • $450,000

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      Automotive service garage in Waterbury, currently leased.
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      Former Yellow Cab Terminal For Sale

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    • $4,000,000
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      Waterbury Retail Land Investment

      Prime 4.74-acre retail site, 24,000 SF.
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      Retail Property on Scott Road

      Retail property available for sale, suitable for division.
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      Leased Commercial Building For Sale

      6,800 SF leased commercial building in high-traffic area.
      235 Meriden Rd, Waterbury, CT 06705
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      23,540 SF

      Prime Retail Space, Waterbury, CT

      High-traffic retail space available.
      464 Reidville Dr, Waterbury, CT 06705
      View Details
    • $14 SF/Yr
      4,337 SF

      Retail/Office/Flex Space Available

      New retail, office, or flex space with highway access.
      1215-1261 Meriden Rd, Wolcott, CT 06705
      View Details
    • $25 SF/Yr
      4,941 SF

      Retail Space in Waterbury Corridor

      Retail space for lease in Waterbury's retail corridor.
      1030 Wolcott St, Waterbury, CT 06705
      View Details
    • $9 SF/Yr
      9,417 SF

      Retail Space in Mattatuck Plaza

      Retail space available in well-located Waterbury shopping center.
      650-670 Wolcott St, Waterbury, CT 06705
      View Details
    • $5,000 /Mo
      3,489 SF

      Restaurant Ready Retail Building

      3,489 SF retail building, currently set up as a restaurant.
      580 Wolcott St, Waterbury, CT 06705
      View Details
    • Contact for pricing
      148,141 SF

      Waterbury Retail Center Investment

      High-traffic shopping center, 2,704 sq ft available
      921 Wolcott St, Waterbury, CT 06705
      View Details
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    24 Meriden Rd
    Waterbury, CT 06705
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    Realmo Value Estimation

    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.

    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.

    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
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