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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Assisted living facilities
3396 Main St Waterbury, CT 06705-3812
Entity Owned
32-yr Hold
~
Est. High Equity
Property ID
US15-0581952
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Total area
30,038 SF
Lot
4.13 ac (179,903 SF)
Zoning code
CG
APN
WBRY M:0402 B:0155 L:0023
UPID
US15-0581952
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
-
Cheshire House Nursing Home
-
Garvin Sarah A Physician
-
Pavel Kosover Physician
-
Angela Moylan Physician
-
Kendra Lasher Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
Cheshire House Realty · 32 yrs held
Cheshire House Realty
since 1994
7 recorded transactions
Zoning & alternative use
CG · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote general commercial district uses
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
328.98 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$2.4M
+75.2%
Medical building
$2.1M
+51.8%
Commercial (general)
$1.8M
+28.3%
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,390,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,435,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$2,110,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,785,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±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
$50 / 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
$228,451
Tax year 2023
Assessed value
$4,215,750
Assessed 2023
Previous assessed
$4,215,750
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$170,170
Assessed improvement
$4,045,580
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Heating
HOT WATER
Buildings
1
Stories
1
Units
75
Total area
30,038 SF
Lot
4.13 ac (179,903 SF)
Zoning code
CG
APN
WBRY M:0402 B:0155 L:0023
UPID
US15-0581952
Jurisdiction
WATERBURY
Zoning & alternative use
CG · Waterbury, CTZoning CG · permitted uses
CG · 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 general commercial district uses
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
328.98 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1998
Heating
HOT WATER
Stories
1
Buildings
1
Units
75
Lot
4.13 ac
Current owner
From public records · entity-resolved
Cheshire House Realty
Entity
Mailing address
88 RYDERS LN, STRATFORD, CT 06614-1666
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2017
—
Cheshire House LLC
—
Deed
related
$5,334,405 · Cheshre Hse Relty
May 13, 2010
—
Cheshire House Rlty
—
Deed Of Trust
related
$3,807,584 · Webster Bank
Dec 22, 2008
—
Cheshire House Rlty LLC
—
Deed Of Trust
related
$235,000 · Peoples Bank
Oct 27, 2005
—
Cheshire House Rlty
—
Deed Of Trust
related
$1,090,140 · Webster Bank
Aug 7, 1998
—
Cheshire House Rlty
—
Deed Of Trust
related
$2,400,000 · First Union National Bank
Jun 9, 1995
—
Cheshire House Rlty
—
Deed Of Trust
related
$1,200,000 · Bank Of Boston Ct
Mar 25, 1994
$726,000
Cheshire House Realty
Pellinicchi,luisa
Warranty Deed
$1,000,000 · Bank Of Boston Ct
—
—
Cheshire House LLC
—
Deed Of Trust
related
$5,334,405 · Cheshre Hse Relty
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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