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Property profile & analytics
OFF-MARKET
Estimated value
$230,000
Showrooms
36 Olive St Waterford, CT 06385-2306
Individually Owned
1-yr Hold
Free & Clear
Property ID
US15-0583303
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1940
Construction
FRAME
Total area
2,279 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R-20
APN
WFRD M:133 L:5805
UPID
US15-0583303
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
-
Corbuilt LLC Engineer
-
Tim Bonanno General Contractors Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$230k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$230k
Owner & transaction history
Cormier T · 1 yrs held
Cormier T
since 2025
5 recorded transactions
Zoning & alternative use
R-20 · Waterford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-20 district is intended to promote single family dwellings.
Zone name
Medium Density Residential District
General category
RESIDENTIAL
Zone area
4,251.27 ac
Source
Realmo
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 Waterford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterford 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
$230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$230k
Range $207k – $253k · ±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
$101 / 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
$3,611
Tax year 2023
Assessed value
$170,330
Assessed 2023
Previous assessed
$170,330
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$62,310
Assessed improvement
$108,020
Applied tax rate
376.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
8
Bathrooms
2
Total area
2,279 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R-20
APN
WFRD M:133 L:5805
UPID
US15-0583303
Jurisdiction
WATERFORD
Zoning & alternative use
R-20 · Waterford, CTZoning R-20 · permitted uses
R-20 · Waterford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-20 district is intended to promote single family dwellings.
Zone name
Medium Density Residential District
General category
RESIDENTIAL
Zone area
4,251.27 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
8
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Cormier T
Individual
Free & Clear · 1 yrs held
Mailing address
595 LINDSEY LN, SAINT AUGUSTINE, FL 32086-5890
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2025
—
Cormier T
Richard N Cormier
Warranty Deed
—
Nov 3, 2020
—
Richard N Cormier
Olive St Associates LLC
Warranty Deed
$190,000 · Charter Oak FCU
Sep 27, 2011
—
Timothy P Bonanno
—
Deed Of Trust
related
$150,000 · Michele Bonanno
Aug 27, 2010
—
Olive Street Assoc LLC
—
Deed Of Trust
related
$150,000 · Michele Bonanno
Feb 14, 2000
$130,000
Olive Street Assoc
Mazzella,charles A
Warranty Deed
—
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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