Individually Owned Property summary
AI-generated overview
This exceptional 28,000 square foot flex space, formerly a training facility, presents a unique leasing opportunity. Currently, 14,000 square feet of immediately available space is offered, perfect for a variety of businesses. The building, constructed in 1987, sits on a generous 8.23-acre lot and is zoned for industrial use. The flexible layout is ideal for companies needing a blend of office and warehouse space. The high ceilings, measuring 14 feet, provide ample vertical space for storage or specialized equipment. The property features convenient drive-in doors and loading docks, ensuring efficient loading and unloading operations. The minimum divisible space is 14,000 square feet, with a maximum contiguous space also at 14,000 square feet. This means the entire available space can be leased as a single unit, providing a significant footprint for a growing business. The property's location offers excellent accessibility and visibility, making it an attractive option for businesses seeking a strategic location. This is a rare opportunity to secure a substantial, well-maintained flex space in a desirable area. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
8.23 ac (358,499 SF)
Zoning code
IG8
APN
WTWN M:115A B:186 L:38A
UPID
US15-0654640
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Vocational School Training Center
-
Auto Repair Shop
-
Training Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$335k
Owner & transaction history
since 2017
2 recorded transactions
Zoning & alternative use
IG8 · Watertown, CT
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$335k
Value range
$302k – $369k
±10% around blend
Confidence
Property data
63
Market benchmarks
33
Comparable evidence
60
$302k
blend $335k
$369k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
Lot area
8.23 ac
APN
WTWN M:115A B:186 L:38A
Zoning
IG8
Assessed value
$1,282,300
Annual tax
$47,266
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$335k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 71 sales
$73
N/A
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
Not available
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.28M
Move the market yield to see immediate price impact.
Value / SF
N/A
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$81k
$1.62M
$1.15M
$898k
$90k
$1.80M
$1.28M
$997k
$99k
$1.97M
$1.41M
$1.10M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$47,266
Tax year 2023
Assessed value
$1,282,300
Assessed 2023
Previous assessed
$1,282,300
+0.0% YoY
Effective rate
3.69%
On assessed value
Assessed land
$332,200
Assessed improvement
$950,100
Applied tax rate
240.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Lot
8.23 ac (358,499 SF)
Zoning code
IG8
APN
WTWN M:115A B:186 L:38A
UPID
US15-0654640
Jurisdiction
WATERTOWN
Zoning & alternative use
IG8 · Watertown, CTZoning IG8 · permitted uses
IG8 · Watertown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
2
Lot
8.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IG8
Jurisdiction
Watertown, CT
Recorded code
IG8
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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