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    Property profile & analytics

    389 Highland Ave Waterbury, CT 06708-3444

    • Office buildings
    • 2,488 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Last Sale
    Dec 12, 2024
    $310,000
    Location Intelligence
    Property ID
    US15-0267621
    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

    • Podiayrist / Medical Clinic
    • Tetiana Bazarko / Podiatrist
    • LaBarbera Peter Dr. / Podiatrist

    Property Details for 389 Highland Ave

    Year built
    1920
    Lot size
    0.16 lot acres
    Property size
    2,488 SF
    Zone code
    RM
    Property type
    Office buildings
    APN
    WBRY M:0341 B:0634 L:1061
    APU
    WBRYM0341B0634L1061

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $350,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $350,000
      Mixed-Use
      $360,000
      Hospitality
      $280,000
      Educational
      $345,000
      Residential Income
      $265,000
      Energy
      $365,000
      Income-Based Land
      $325,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0561
    Latitude
    41.547
    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
    $7,659
    $25,480
    $115,850
    $141,330
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $405,000
      5,528 SF

      1211 Chase Pkwy

      OFFICE BUILDING • 5,528 SF
      1211 Chase Pkwy, Waterbury, CT 06708-2905
      View Details
    • Value Estimation
      $285,000
      2,500 SF

      808 Highland Ave

      OFFICE BUILDING • 2,500 SF
      808 Highland Ave, Waterbury, CT 06708-4626
      View Details
    • Value Estimation
      $405,000
      15,932 SF

      92 Brookside Rd

      OFFICE BUILDING • 15,932 SF
      92 Brookside Rd, Waterbury, CT 06708-1466
      View Details
    • Value Estimation
      $320,000
      1,344 SF

      344 Robbins St

      OFFICE BUILDING • 1,344 SF
      344 Robbins St, Waterbury, CT 06708-2750
      View Details
    • Value Estimation by Request
      11,114 SF

      24 Wooster Ave

      OFFICE BUILDING • 11,114 SF
      24 Wooster Ave, Waterbury, CT 06708-2970
      View Details
    • Value Estimation
      $225,000
      792 SF

      437 Leonard St

      OFFICE BUILDING • 792 SF
      437 Leonard St, Waterbury, CT 06708-4315
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
      31,740 SF

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    389 Highland Ave
    Waterbury, CT 06708-3444
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    Realmo Value Estimation

    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.

    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.

    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
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