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    Property profile & analytics

    33 Mitchell Ave Waterbury, CT 06710

    • Residential income homes
    • 3,496 SF
    • 0.10 lot acres
    For Sale
    View listing
    $399,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0797603
    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.

    Current Use by Public Records

    • Residential income homes

    Property Details for 33 Mitchell Ave

    Year built
    1895
    Lot size
    0.10 lot acres
    Property size
    3,496 SF
    Zone code
    CBD
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    WBRY M:0253 B:0023 L:0109
    APU
    WBRYM0253B0023L0109

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $590,000
      6.5%
      $545,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $472,000
      Market price range: $225k - $491k
      AI Estimate
      $343,000
      Market price range: $191k - $343k

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0459
    Latitude
    41.5583
    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
    $14,786
    $15,750
    $257,110
    $272,860
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $415,000
      3,754 SF

      34 Mitchell Ave

      BOARDING/ROOMING HOUSE • 3,754 SF
      34 Mitchell Ave, Waterbury, CT 06710-2409
      View Details
    • Value Estimation
      $825,000
      7,055 SF

      66 Holmes Ave

      BOARDING/ROOMING HOUSE • 7,055 SF
      66 Holmes Ave, Waterbury, CT 06710-2423
      View Details
    • Value Estimation
      $220,000
      4,735 SF

      435 Willow St

      BOARDING/ROOMING HOUSE • 4,735 SF
      435 Willow St, Waterbury, CT 06710
      View Details
    • Value Estimation by Request
      4,026 SF

      27 Johnson St

      BOARDING/ROOMING HOUSE • 4,026 SF
      27 Johnson St, Waterbury, CT 06710-1872
      View Details
    • Value Estimation
      $310,000
      2,174 SF

      236 Hillside Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,174 SF
      236 Hillside Ave, Waterbury, CT 06710-1865
      View Details
    • Value Estimation
      $250,000
      3,454 SF

      6 Grv Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,454 SF
      6 Grv Ct, Waterbury, CT 06710-2008
      View Details

    Similar Nearby for Sale

    • $489,900

      Multifamily Property for Sale

      Multifamily property available for purchase.
      203 Cooke St, Waterbury, CT 06710
      View Details
    • $329,000
      4,075 SF

      Renovated Mixed-Use Investment Property

      Three-unit mixed-use property with recent renovations and convenient location.
      67 Holmes Ave, Waterbury, CT 06710
      View Details
    • $399,900

      Spacious Multifamily Property in Waterbury

      Versatile property with comfort and convenience in a prime location.
      133 Willow St, Waterbury, CT 06710
      View Details
    • $399,900
      3,496 SF

      Waterbury Triplex: Income Potential

      Well-maintained Waterbury triplex with consistent income potential.
      33 Mitchell Ave, Waterbury, CT 06710
      View Details
    • $279,900

      Residential Income Property For Sale

      Residential income property available for purchase.
      53 Hillside Ave, Waterbury, CT 06710
      View Details
    • $435,000

      Spacious Updated Income-Generating Triplex

      Well-maintained Waterbury triplex with updated units and strong rental appeal.
      26 Ridgewood St, Waterbury, CT 06710
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Spacious Apartment in Fulton Park

      Well-maintained 2-bedroom apartment in a convenient location.
      20 Amaryllis Ave, Waterbury, CT 06710
      View Details
    • $1,600 /Mo

      Renovated Apartment with Three Bedrooms

      Recently renovated three-bedroom apartment with off-street parking available for rent.
      15-17 Ridgewood St, Waterbury, CT 06710
      View Details
    • $2,000 /Mo

      Waterbury Multifamily Property For Rent

      Multifamily property with hardwood floors and off-street parking.
      29 Lexington Ave, Waterbury, CT 06710
      View Details
    • $2,300 /Mo

      Spacious Apartment Near Downtown

      Four-bedroom apartment with in-unit laundry and off-street parking.
      22 Wyman St, Waterbury, CT 06710
      View Details
    • $1,750 /Mo

      Spacious 3-Bedroom Apartment For Rent

      Bright, second-floor apartment near transit, shops, and schools.
      176 Chestnut Ave, Waterbury, CT 06710
      View Details
    • $1,600 /Mo

      Renovated Apartment with Three Bedrooms

      Newly renovated three-bedroom apartment with off-street parking available for rent.
      15 Ridgewood St, Waterbury, CT 06710
      View Details
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    33 Mitchell Ave
    Waterbury, CT 06710
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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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