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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Investment properties
350 Fairfield Ave Waterbury, CT 06708-4071
Individually Owned
10-yr Hold
Free & Clear
Property ID
US15-0914736
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1958
Total area
5,856 SF
Lot
0.37 ac (16,117 SF)
Zoning code
CN
APN
WBRY M:0456 B:1064 L:0371
UPID
US15-0914736
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
-
Classic Driving School LLC Training Center Vocational School
-
Clayton Memorial Church Church Mosque
-
The Commissioners Cigar Lounge (Bike/Boat/Book/etc) Store
-
Shades of Bronze LLC Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$864k
Blend (final)
Blend
$645k
Owner & transaction history
Giuseppe N Pisani · 10 yrs held
Giuseppe N Pisani
since 2016
2 recorded transactions
Zoning & alternative use
CN · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$855,000
+123.5%
Apartment house (5+ units)
$580,000
+50.8%
Auto repair, garage
$530,000
+38.6%
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
RESTAURANT
$855,000
Change: +124% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$580,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$530,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$475,000
Change: +25% · Conversion: Easy
RETAIL STORES
$475,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$110 / 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
$16,133
Tax year 2023
Assessed value
$297,710
Assessed 2023
Previous assessed
$297,710
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$66,990
Assessed improvement
$230,720
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1958
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
5,856 SF
Lot
0.37 ac (16,117 SF)
Zoning code
CN
APN
WBRY M:0456 B:1064 L:0371
UPID
US15-0914736
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
RESTAURANT
Est. value
$855,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$530,000
OFFICE BUILDING
Est. value
$475,000
RETAIL STORES
Est. value
$475,000
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1958
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Giuseppe N Pisani
Individual
Free & Clear · 10 yrs held
Mailing address
15 WOODBURY PL, WOODBURY, CT 06798-3831
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2016
—
Giuseppe N Pisani
Pisani,mary C
Quit Claim Deed
related
—
Jun 4, 1992
—
Mary Pisani
—
Deed Of Trust
related
$65,000 · Heritage Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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