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3580 E Main St, Waterbury, CT 06705
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Property summary
AI-generated overview
This exceptional 7.5-acre commercial land parcel presents a unique investment opportunity in Waterbury, Connecticut. Located at 3580 E Main St, the property boasts a highly desirable Arterial Commercial District zoning (CA) designation within New Haven County. The expansive lot size offers significant development potential for a variety of commercial uses, catering to businesses seeking high visibility and accessibility. The single-tenant designation provides flexibility for a single large-scale development or the potential for subdivision into smaller parcels. The property's address is 3580 E Main St, Waterbury, CT 06705, situated at latitude 41.54078 and longitude -72.9709697. Given its size and zoning, this land is ideally suited for businesses requiring substantial space and prominent street frontage. The property is available for lease and presents a compelling opportunity for businesses seeking to establish a strong presence in a thriving Connecticut market. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The total building square footage is currently listed as 1 square foot, indicating the land is undeveloped and ready for construction. This presents a blank canvas for a custom-designed commercial project.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Total area
62,889 SF
Lot
10.97 ac (477,853 SF)
Zoning code
CA
APN
WBRY M:0404 B:0156 L:0061
UPID
US15-0223215
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
-
Big Box & Wholesale Store
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.18M
Comparable Approach
Comparable
$7.39M
Blend (final)
Blend
$7.91M
Owner & transaction history
since 2011
4 recorded transactions
Zoning & alternative use
CA · Waterbury, CT
Zoning description
The intent of this zone is to promote arterial commercial district uses
General category
COMMERCIAL
Top alternative use upside
Restaurant
$9.2M
+80.3%
Apartment house (5+ units)
$6.2M
+21.6%
Auto repair, garage
$5.7M
+11.8%
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.91M
Value range
$7.12M – $8.70M
±10% around blend
Estimated value / SF
$126 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$7.12M
blend $7.91M
$8.70M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
62,889 SF
Lot area
10.97 ac
Year built
2017
Stories
1
APN
WBRY M:0404 B:0156 L:0061
Zoning
CA
Assessed value
$8,178,730
Annual tax
$443,205
3
Income approach: direct capitalization
Partial preview
Income approach indication
$8.18M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$8.86M
@ 6.5% CAP return
$8.18M
@ 7% CAP return
$7.60M
4
Sales comparison
Partial preview
Sales approach indication
$7.39M
Range $2.85M – $7.39M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.91M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 30 sales
$81
+55%
County 117 sales
$108
+16%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $126/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+80%
vs current-use indication
Apartment House (5+ Units)
Auto Repair, Garage
Office Building
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
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: income and sales evidence cover the value conclusion.
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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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$8.18M
Move the market yield to see immediate price impact.
Value / SF
$130
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%
$515k
$10.31M
$7.36M
$5.73M
$573k
$11.45M
$8.18M
$6.36M
$630k
$12.60M
$9.00M
$7.00M
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
$443,205
Tax year 2023
Assessed value
$8,178,730
Assessed 2023
Previous assessed
$8,178,730
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$2,452,520
Assessed improvement
$5,726,210
Applied tax rate
312.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2017
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Units
284
Total area
62,889 SF
Lot
10.97 ac (477,853 SF)
Zoning code
CA
APN
WBRY M:0404 B:0156 L:0061
UPID
US15-0223215
Jurisdiction
WATERBURY
Zoning & alternative use
CA · Waterbury, CTZoning CA · permitted uses
CA · Waterbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The intent of this zone is to promote arterial commercial district uses
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Units
284
Lot
10.97 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CA
COMMERCIAL
Jurisdiction
Waterbury, CT
Recorded code
CA
Official district
CA
Official district profile
What the municipal code says about CA
Zoning description
The intent of this zone is to promote arterial commercial district uses
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CA in Waterbury, CT.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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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.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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