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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Medical Office Space
279 Chase Ave Waterbury, CT 06704-2236
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0833047
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Total area
6,120 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CA
APN
WBRY M:0117 B:0901 L:0058
UPID
US15-0833047
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
-
Albino James A DC Alternative Medicine Practice
-
Docs Medical Group, Sleep Management - Waterbury Medical Clinic
-
Continuum Medical Group Medical Group
-
DOCS Primary Care - Waterbury Physician
-
Docs Allergy Testing and Treatment - Waterbury - Dr. Birur Chandra Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
279 Chase Avenue LLC · 5 yrs held
279 Chase Avenue LLC
since 2021
Last sale
$770,000
2 recorded transactions
Zoning & alternative use
CA · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$795,000
+85.5%
Retail stores
$635,000
+47.1%
Auto repair, garage
$535,000
+24.5%
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
$635,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$430,000
Current use
RESTAURANT
$795,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$635,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$535,000
Change: +24% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$495,000
Change: +15% · Conversion: Moderate
OFFICE BUILDING
$445,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $770k (Apr 15 2021)
Last sale anchor
$770k
Apr 15 2021
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
$114 / 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
$30,494
Tax year 2023
Assessed value
$562,730
Assessed 2023
Previous assessed
$562,730
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$163,730
Assessed improvement
$399,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Total area
6,120 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CA
APN
WBRY M:0117 B:0901 L:0058
UPID
US15-0833047
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
MEDICAL BUILDING Current
Est. value
$430,000
RESTAURANT
Est. value
$795,000
RETAIL STORES
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$535,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$495,000
OFFICE BUILDING
Est. value
$445,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1984
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
279 Chase Avenue LLC
Entity
Free & Clear · 5 yrs held
Mailing address
521 BOSTON POST RD, ORANGE, CT 06477-3506
Ownership since
2021
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
Apr 15, 2021
$770,000
279 Chase Avenue LLC
F Pak LLC
Warranty Deed
—
Mar 19, 1996
—
F Pak LLC
—
Deed Of Trust
related
$350,000 · Fleet National Bank
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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