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Property profile & analytics
OFF-MARKET
Estimated value
$1,415,000
Grocery and convenience stores
286 Fairfield Ave Waterbury, CT 06708-4040
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US15-1269748
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1965
Total area
18,842 SF
Lot
1.03 ac (44,867 SF)
Zoning code
CN
APN
WBRY M:0457 B:1064 L:0005
UPID
US15-1269748
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
-
Key Food Marketplace Specialty Food Shop Supermarket
-
Key Food Supermarket Specialty Food Shop Supermarket
-
IGA Deli Food Market Restaurant
-
Banana Fresh Market Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.42M
Owner & transaction history
286 Fairfield Realty LLC · 8 yrs held
286 Fairfield Realty LLC
since 2017
4 recorded transactions
Zoning & alternative use
CN · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.9M
+21.6%
Auto repair, garage
$1.7M
+11.8%
Office building
$1.5M
+0.4%
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
RETAIL STORES
$1,530,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,860,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,710,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$1,535,000
Change: +0% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,235,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±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
$75 / 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
$62,961
Tax year 2023
Assessed value
$1,161,860
Assessed 2023
Previous assessed
$1,161,860
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$202,790
Assessed improvement
$959,070
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1965
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Total area
18,842 SF
Lot
1.03 ac (44,867 SF)
Zoning code
CN
APN
WBRY M:0457 B:1064 L:0005
UPID
US15-1269748
Jurisdiction
WATERBURY
Zoning & alternative use
CN · Waterbury, CT
Zoning CN · permitted uses
CN · 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
RETAIL STORES Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1965
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
286 Fairfield Realty LLC
Entity
Mailing address
114 LEFFERTS BLVD, JAMAICA, NY 11430
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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 11, 2018
—
286 Fairfield Realty LLC
—
Deed
related
$1,360,000 · Savings Bk/danbury
Oct 13, 2017
$1,750,000
286 Fairfield Realty LLC
Pilot Supermarket INC
Warranty Deed
—
Jun 30, 1995
—
Pilot Supermarket INC
—
Deed Of Trust
related
$821,250 · Peoples Bank
—
—
286 Fairfield Realty LLC
—
Deed Of Trust
related
$1,360,000 · Savings Bk/danbury
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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