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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Industrial properties
44 Chase Riv Rd Waterbury, CT 06704-1408
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US15-0348802
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1985
Total area
18,952 SF
Lot
1.22 ac (53,143 SF)
Zoning code
IL
APN
WBRY M:0087 B:0973 L:0112
UPID
US15-0348802
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
-
Naugatuck Railroad - Fascia's Chocolates Station Freight Service Logistics Company
-
Watertown Canvas & Awning Building Supply Hardware & Home Improvement
-
Fascia’s Chocolates Specialty Food Shop Candy Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.04M
Owner & transaction history
Chocolate Realty LLC · 13 yrs held
Chocolate Realty LLC
since 2013
6 recorded transactions
Zoning & alternative use
IL · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+30.2%
Office building
$1.5M
+17.0%
Retail stores
$1.5M
+16.5%
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
COMMERCIAL (GENERAL)
$1,320,000
Current use
AUTO REPAIR, GARAGE
$1,720,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$1,545,000
Change: +17% · Conversion: Easy
RETAIL STORES
$1,535,000
Change: +16% · Conversion: Easy
WAREHOUSE, STORAGE
$1,115,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$55 / 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
$46,620
Tax year 2023
Assessed value
$860,300
Assessed 2023
Previous assessed
$860,300
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$196,770
Assessed improvement
$663,530
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1985
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Total area
18,952 SF
Lot
1.22 ac (53,143 SF)
Zoning code
IL
APN
WBRY M:0087 B:0973 L:0112
UPID
US15-0348802
Jurisdiction
WATERBURY
Zoning & alternative use
IL · Waterbury, CT
Zoning IL · permitted uses
IL · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1985
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Chocolate Realty LLC
Entity
Mailing address
26 BOLDUC CT, PROSPECT, CT 06712
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2021
—
Chocolate Realty LLC
—
Deed
related
$114,400 · Ion Bank
Jul 9, 2014
—
Chocolate Realty LLC
—
Deed Of Trust
related
$473,000 · Community Investment Corp
Jul 12, 2013
$575,000
Chocolate Realty LLC
Mpt Props LLC
Warranty Deed
$1,030,500 · Naugatuck Savings Bank
May 19, 2011
—
Mpt Props LLC
—
Deed Of Trust
related
$150,000 · Wells Fargo Mortgage
Jun 13, 2007
—
Noujaim Realtors LLC
—
Deed Of Trust
related
$191,000 · Waterbury Dev Corp
Sep 23, 2003
$565,000
Mpt Prop
Lenkowski,robert A
Warranty Deed
$452,000 · Wachovia Bank NA
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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