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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Specialty properties
430 Chase Pkwy Waterbury, CT 06708-3342
Entity Owned
14-yr Hold
Free & Clear
Property ID
US15-0680452
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1994
Total area
11,504 SF
Lot
2.39 ac (104,108 SF)
Zoning code
CO
APN
WBRY M:0340 B:0051 L:0003
UPID
US15-0680452
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
-
Chase Parkway Memorial, The Albini Family Funeral Home Social Service Agency
-
Chase pkwy memorial funeral Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Albini Assoc LLC · 14 yrs held
Albini Assoc LLC
since 2012
5 recorded transactions
Zoning & alternative use
CO · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$935,000
+37.3%
Medical building
$725,000
+6.9%
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
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
$680,000
Current use
APARTMENT HOUSE (5+ UNITS)
$935,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$725,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$49 / 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
$78,768
Tax year 2023
Assessed value
$1,453,550
Assessed 2023
Previous assessed
$1,453,550
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$324,520
Assessed improvement
$1,129,030
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1994
Heating
CENTRAL
Buildings
1
Stories
1
Total area
11,504 SF
Lot
2.39 ac (104,108 SF)
Zoning code
CO
APN
WBRY M:0340 B:0051 L:0003
UPID
US15-0680452
Jurisdiction
WATERBURY
Zoning & alternative use
CO · Waterbury, CT
Zoning CO · permitted uses
CO · 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
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
Est. value
$680,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$935,000
MEDICAL BUILDING
Est. value
$725,000
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1994
Heating
CENTRAL
Stories
1
Buildings
1
Lot
2.39 ac
Current owner
From public records · entity-resolved
Albini Assoc LLC
Entity
Free & Clear · 14 yrs held
Mailing address
430 CHASE PKWY, WATERBURY, CT 06708-3342
Ownership since
2012
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
Dec 28, 2012
—
Albini Assoc LLC
—
Deed Of Trust
related
$2,050,000 · Thomaston Savings Bank
Jan 5, 2012
$1
Albini Assoc LLC
Albini Assoc
Grant Deed
related
—
Oct 1, 2001
—
Assoc Albini
—
Deed Of Trust
related
$1,100,000 · First Union National Bank
Jun 30, 1994
—
Assoc Albini
—
Deed Of Trust
related
$1,100,000 · Centerbank Mortgage
Mar 10, 1993
$200,000
Peter Albini
Cb Dev
Grant 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.
Try Rey
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