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    276 Highland Ave Waterbury, CT 06708
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    276 Highland Ave Waterbury, CT 06708

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    • Office buildings
    • 6,864 SF
    • 0.38 lot acres
    For Lease
    $560,000
    View Listing →
    Office Space Available For Lease For Lease
    $560,000

    Office Space Available For Lease

    Office space for lease at 276 Highland Ave, Waterbury.

    276 Highland Ave, Waterbury, CT 6708
    View Listing
    Property ID
    US15-0284847
    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.
    Value Estimations
    $560,000
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 276 Highland Ave

    Year built
    1978
    Lot size
    0.38 lot acres
    Property size
    6,864 SF
    Zone code
    RL
    Property type
    Office buildings
    APN
    WBRY M:0316 B:0625 L:0027
    APU
    WBRYM0316B0625L0027

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $670,000
      Market price range: $288k - $855k

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0582
    Latitude
    41.5497
    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
    $28,670
    $69,440
    $459,620
    $529,060
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $540,000
      3,778 SF

      751 Watertown Ave

      OFFICE BUILDING • 3,778 SF
      751 Watertown Ave, Waterbury, CT 06708-2026
      View Details
    • Value Estimation
      $765,000
      5,528 SF

      1211 Chase Pkwy

      OFFICE BUILDING • 5,528 SF
      1211 Chase Pkwy, Waterbury, CT 06708-2905
      View Details
    • Value Estimation by Request
      2,500 SF

      808 Highland Ave

      OFFICE BUILDING • 2,500 SF
      808 Highland Ave, Waterbury, CT 06708-4626
      View Details
    • Value Estimation
      $870,000
      15,932 SF

      92 Brookside Rd

      OFFICE BUILDING • 15,932 SF
      92 Brookside Rd, Waterbury, CT 06708-1466
      View Details
    • Value Estimation by Request
      1,344 SF

      344 Robbins St

      OFFICE BUILDING • 1,344 SF
      344 Robbins St, Waterbury, CT 06708-2750
      View Details
    • Value Estimation by Request
      2,488 SF

      389 Highland Ave

      OFFICE BUILDING • 2,488 SF
      389 Highland Ave, Waterbury, CT 06708-3444
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,200 SF

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      Office building with 5,200 square feet available for sale.
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    • Contact for pricing
      10,000 SF

      Waterbury Commercial Property For Sale

      Commercial property available for sale in Waterbury, Connecticut.
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      6,663 SF

      Waterbury Office Space For Sale

      6,663 SF office space available for purchase.
      60 Westwood Ave, Waterbury, CT 06708
      View Details
    • $254,900
      4,632 SF

      Waterbury Medical Office Condo

      Prime Medical Office Space, $254,900
      60 Westwood Ave, Waterbury, CT 06708
      View Details
    • $139,900
      3,278 SF

      Medical Office with Exam Rooms

      Medical office space available for immediate use in Waterbury.
      60 Westwood Ave #43, Waterbury, CT 06708
      View Details
    • Contact for pricing
      6,656 SF

      Medical Office Space For Sale

      6,656 SF Class A medical space on West Main Street.
      1320 W Main St, Waterbury, CT 06708
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      7,590 SF

      Waterbury Executive Office Space

      Modern Office, 2,516 sq ft Available
      146 Highland Ave, Waterbury, CT 06708
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 276 Highland Ave, Waterbury.
      276 Highland Ave, Waterbury, CT 06708
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 92 Brookside Rd, Waterbury.
      92 Brookside Rd, Waterbury, CT 06708
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space with exam rooms and parking.
      171 Grandview Ave, Waterbury, CT 06708
      View Details
    • $1,000 /Mo
      1,000 SF

      Waterbury Commercial Space For Rent

      Commercial space in high-visibility location with strong foot traffic.
      1017 West Main St, Waterbury, CT 06708
      View Details
    • Contact for pricing
      1,799 SF

      Professional/Medical Office Suites For Rent

      Office suites available near Waterbury Hospital, suitable for professional/medical uses.
      134 Grandview Ave, Waterbury, CT 06708
      View Details
    View Listing
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    Waterbury, CT 06708
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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