Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    378 Chase Ave Waterbury, CT 06704-1948

    • Investment properties
    • 11,824 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0945367
    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

    • Salvatore Law Group / Law Firm
    • ABC Insurance A Division-A Action / Insurance Agency
    • Advanced Spinal Care / Alternative Medicine Practice
    • Heart to Heart Home Care, LLC / Home Health Care Service
    • Ronald Maringola / Alternative Medicine Practice

    Property Details for 378 Chase Ave

    Year built
    1988
    Lot size
    0.84 lot acres
    Property size
    11,824 SF
    Zone code
    CA
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WBRY M:0103 B:0268 L:2431
    APU
    WBRYM0103B0268L2431

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,005,000
      Market price range: $407k - $1.32M
      AI Estimate
      $952,000
      Market price range: $546k - $1.13M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $825,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,165,000
      Change: +42% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,070,000
      Change: +30% Conversion: Difficult
      OFFICE BUILDING
      $965,000
      Change: +17% Conversion: Easy
      RETAIL STORES
      $960,000
      Change: +16% Conversion: Easy
      WAREHOUSE, STORAGE
      $695,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0364
    Latitude
    41.5828
    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
    $33,791
    $242,340
    $381,220
    $623,560
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $705,000
      12,620 SF

      832 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,620 SF
      832 Main St, Waterbury, CT 06704-3514
      View Details
    • Value Estimation
      $650,000
      7,290 SF

      72 Hl St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,290 SF
      72 Hl St, Waterbury, CT 06704-3403
      View Details
    • Value Estimation by Request
      3,000 SF

      1804 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      1804 Main St, Waterbury, CT 06704-2772
      View Details
    • Value Estimation by Request
      2,056 SF

      1407 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,056 SF
      1407 Main St, Waterbury, CT 06704-2866
      View Details
    • Value Estimation by Request
      3,122 SF

      150 Walnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,122 SF
      150 Walnut St, Waterbury, CT 06704-4034
      View Details
    • Value Estimation by Request
      6,678 SF

      325 Walnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,678 SF
      325 Walnut St, Waterbury, CT 06704-3732
      View Details

    Similar Nearby for Sale

    • $279,900

      Mixed-Use 3-Family Property

      Mixed-use 3-family property with storefront and garage.
      21 Violet St, Waterbury, CT 06704
      View Details
    • $229,900

      Mixed-Use Property For Sale

      Mixed-use property with restaurant and event space in high-traffic area.
      799 N Main St, Waterbury, CT 06704
      View Details
    • $450,000
      2,450 SF

      Mixed-Use Property in Waterbury, CT

      Four units: three residential, one commercial space in Waterbury.
      210 Bishop St, Waterbury, CT 06704
      View Details
    • $575,000
      92.00 Acres

      92-Acre Waterbury Development Land

      Prime CT land, residential/commercial potential.
      Waterbury Boyden Street Ext, Waterbury, CT 06704
      View Details
    • $275,000

      Waterbury Two-Family Home

      Two-family home in Waterbury, ideal for investors or owner-occupants.
      231 Hauser St, Waterbury, CT 06704
      View Details
    • $690,000

      Renovated Three-Family Investment Opportunity

      Completely renovated three-family property near downtown and local businesses.
      975 N Main St, Waterbury, CT 06704
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      23,000 SF

      Sheffield Street Office/Warehouse

      Waterbury, CT: Flexible Office & Industrial Space
      36 Sheffield St, Waterbury, CT 06704
      View Details
    • $1,200 /Mo

      Three Bedroom Unit in Waterbury

      Three-bedroom unit with deck, close to amenities and transportation.
      67 Burton St, Waterbury, CT 06704
      View Details
    • $1,600 /Mo

      Remodeled Two-Bedroom Apartment Available

      Newly remodeled two-bedroom, one-bath apartment with modern amenities.
      22 Brewster St, Waterbury, CT 06704
      View Details
    • $34 SF/Yr
      3,093 SF

      Former Bank Space with Drive-Through

      3,093 SF former bank space available for lease.
      992 Cooke St, Waterbury, CT 06704
      View Details
    • $2,000 /Mo

      Spacious 4-Bedroom Apartment For Rent

      Newly renovated, large 6-room apartment with 4 bedrooms.
      120 Easton Ave, Waterbury, CT 06704
      View Details
    • $1,200 /Mo

      Spacious Two Bedroom Apartment

      Two-bedroom apartment near transportation and shopping with off-street parking.
      132 Locust St, Waterbury, CT 06704
      View Details

    Property Visit Statistics

    • Visits by month
      26.2k
    • Visitors by month
      14.8k
    • Avg Time on site
      8 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    378 Chase Ave
    Waterbury, CT 06704-1948
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.