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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Apartment buildings
292 Main St Waterbury, CT 06702-1103
Entity Owned
12-yr Hold
Property ID
US15-0107484
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1920
Total area
11,912 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CBD
APN
WBRY M:0273 B:0023 L:0059
UPID
US15-0107484
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.09M
Owner & transaction history
Ct Luxury Apts LLC · 12 yrs held
Ct Luxury Apts LLC
since 2014
7 recorded transactions
Zoning & alternative use
CBD · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote central business district uses
Zone name
Central Business District
General category
COMMERCIAL
Zone area
300.66 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.7M
+48.3%
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
APARTMENT HOUSE (5+ UNITS)
$1,175,000
Current use
RESTAURANT
$1,740,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,080,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$970,000
Change: -17% · Conversion: Moderate
RETAIL STORES
$965,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±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
$92 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$31,192
Tax year 2024
Assessed value
$630,910
Assessed 2024
Previous assessed
$630,910
+0.0% YoY
Effective rate
4.94%
On assessed value
Assessed land
$112,000
Assessed improvement
$518,910
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1920
Heating
STEAM
Buildings
1
Stories
4
Units
16
Total area
11,912 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CBD
APN
WBRY M:0273 B:0023 L:0059
UPID
US15-0107484
Jurisdiction
WATERBURY
Zoning & alternative use
CBD · Waterbury, CTZoning CBD · permitted uses
CBD · Waterbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote central business district uses
Zone name
Central Business District
General category
COMMERCIAL
Zone area
300.66 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$970,000
RETAIL STORES
Est. value
$965,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1920
Heating
STEAM
Stories
4
Buildings
1
Units
16
Lot
0.17 ac
Current owner
From public records · entity-resolved
Ct Luxury Apts LLC
Entity
Mailing address
379 GRANDVIEW AVE, WATERBURY, CT 06708-2228
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2018
—
Ct Luxury Apts LLC
—
Deed
related
$584,000 · Silver Hill Financial
Jan 8, 2014
$165,000
Ct Luxury Apts LLC
North Point Management
Warranty Deed
—
Jan 8, 2014
—
North Point Management
Pollak,samule
Quit Claim Deed
related
—
Jun 21, 2013
$120,000
Samuel Pollak
Bunker Hill Estates LLC
Warranty Deed
—
May 10, 2013
—
Fnma
292 Weset Main LLC
Foreclosure
related
—
Oct 15, 2004
$575,000
292 West Main LLC
R W Bethlehem Unlimited
Warranty Deed
$400,000 · Washington Mutual Bank
Jan 27, 1995
—
Rw Bethlehem Unltd
—
Deed Of Trust
related
$66,947 · Misc Other
Feb 19, 1993
$300,000
R W Bethlehem Unltd
New Haven Sb
Grant Deed
$370,000 · Waterbury Housing Fnd
Nov 14, 1989
—
Trident INC
—
Deed Of Trust
related
$153,500 · Zwi Kohorn
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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