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Property profile & analytics
FOR LEASE
Office buildings
276 Highland Ave Waterbury, CT 06708
Entity Owned
~
Est. High Equity
Property ID
US15-0284847
For Lease
1 / 8
$560,000
276 Highland Ave, Waterbury, CT 06708
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
6,864 SF
Lot
0.38 ac (16,553 SF)
Zoning code
RL
APN
WBRY M:0316 B:0625 L:0027
UPID
US15-0284847
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
-
Casey Jr Edward F DDS Dental Office
-
Dr's Santa Maria, Schneider, Juliano & Mandino LLC Dental Office
-
Karen Cooper-Tripp Physician
-
InHouse Medical LLC Medical Clinic
-
Dr. Michael A. Mandino Jr, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$560k
Owner & transaction history
276 Highland Avenue LLC
276 Highland Avenue LLC
since 2025
Last sale
$375,694
4 recorded transactions
Zoning & alternative use
RL · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$675,000
+21.1%
Auto repair, garage
$625,000
+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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$560,000
Current use
APARTMENT HOUSE (5+ UNITS)
$675,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$625,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$555,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$450,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $376k (Jul 9 2025)
Last sale anchor
$376k
Jul 9 2025
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
$82 / 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
$28,670
Tax year 2023
Assessed value
$529,060
Assessed 2023
Previous assessed
$529,060
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$69,440
Assessed improvement
$459,620
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
For Lease
Year built
1978
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
6,864 SF
Lot
0.38 ac (16,553 SF)
Zoning code
RL
APN
WBRY M:0316 B:0625 L:0027
UPID
US15-0284847
Jurisdiction
WATERBURY
Zoning & alternative use
RL · Waterbury, CT
Zoning RL · permitted uses
RL · 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
$560,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$625,000
RETAIL STORES
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$450,000
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
1978
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
276 Highland Avenue LLC
Entity
Mailing address
18 HARRISON DR, WOLCOTT, CT 06716-2533
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2025
$375,694
276 Highland Avenue LLC
Chris Champagne
Warranty Deed
$375,694 · Chris Champagne
Dec 18, 2013
—
USA Hud
Garcia,ivan
Grant Deed
—
Apr 17, 1998
$360,000
Christ Champagne
Drubner,norman S JR
Warranty Deed
$260,000 · American Bk Of Ct
Apr 17, 1998
—
Christ Champagne
—
Deed Of Trust
related
$50,000 · Zenon Grzybowski
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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