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Property profile & analytics
OFF-MARKET
Estimated value
$7,475,000
Office buildings
249 Thomaston Ave Waterbury, CT 06702-1036
Entity Owned
19-yr Hold
Free & Clear
Property ID
US15-0783343
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
71,000 SF
Lot
5.67 ac (246,985 SF)
Zoning code
CA
APN
WBRY M:0233 B:0024 L:0002
UPID
US15-0783343
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
-
New England Job Corps. Waterbury Admissions Office Vocational School Training Center
-
Northwest Regional Workforce Employment Agency
-
Waterbury American Job Center (Full Service) Employment Agency
-
The Department of Public Works County Government Office
-
Connecticut Department of Labor Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.85M
Blend (final)
Blend
$7.48M
Owner & transaction history
Tiger Realty LLC · 19 yrs held
Tiger Realty LLC
since 2006
2 recorded transactions
Zoning & alternative use
CA · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.4M
+79.5%
Apartment house (5+ units)
$7.0M
+21.1%
Auto repair, garage
$6.4M
+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
$5,785,000
Current use
RESTAURANT
$10,380,000
Change: +80% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,005,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,440,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$5,760,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$7.48M
Range $6.73M – $8.22M · ±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
$105 / 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
$316,335
Tax year 2023
Assessed value
$5,837,510
Assessed 2023
Previous assessed
$5,837,510
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$367,990
Assessed improvement
$5,469,520
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
1974
Heating
CENTRAL
Buildings
1
Stories
1
Total area
71,000 SF
Lot
5.67 ac (246,985 SF)
Zoning code
CA
APN
WBRY M:0233 B:0024 L:0002
UPID
US15-0783343
Jurisdiction
WATERBURY
Zoning & alternative use
CA · Waterbury, CT
Zoning CA · permitted uses
CA · 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
$5.8M
RESTAURANT
Est. value
$10.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.4M
RETAIL STORES
Est. value
$5.8M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1974
Heating
CENTRAL
Stories
1
Buildings
1
Lot
5.67 ac
Current owner
From public records · entity-resolved
Tiger Realty LLC
Entity
Free & Clear · 19 yrs held
Mailing address
145 SCENIC CT, CHESHIRE, CT 06410-2315
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2006
$1
Tiger Realty LLC
Silverman,judith
Grant Deed
related
—
Aug 16, 1995
—
Silverman Rlty
—
Deed Of Trust
related
$4,000,000 · Centerbank Mortgage
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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