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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Medical Office Space
447 Meriden Rd Waterbury, CT 06705-2244
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0391322
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Total area
4,100 SF
Lot
0.47 ac (20,473 SF)
Zoning code
CG
APN
WBRY M:0301 B:0361 L:0027
UPID
US15-0391322
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
-
St Mary's Hospital Laboratory Medical Laboratory
-
Karen M. Nardella, APRN Physician
-
Donald G Rosenthal Md Physician
-
Mccormack Robin F Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$795k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
447 Meriden Rd LLC · 2 yrs held
447 Meriden Rd LLC
since 2023
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
CG · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote general commercial district uses
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
328.98 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 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
$765,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$735,000
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $600k (Dec 1 2023)
Last sale anchor
$600k
Dec 1 2023
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
$166 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$15,480
Tax year 2024
Assessed value
$313,110
Assessed 2024
Previous assessed
$313,110
+0.0% YoY
Effective rate
4.94%
On assessed value
Assessed land
$85,820
Assessed improvement
$227,290
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
4,100 SF
Lot
0.47 ac (20,473 SF)
Zoning code
CG
APN
WBRY M:0301 B:0361 L:0027
UPID
US15-0391322
Jurisdiction
WATERBURY
Zoning & alternative use
CG · Waterbury, CTZoning CG · permitted uses
CG · Waterbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote general commercial district uses
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
328.98 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1969
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
447 Meriden Rd LLC
Entity
Mailing address
447 MERIDEN RD, WATERBURY, CT 06705-2244
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
$600,000
447 Meriden Rd LLC
447 Meriden Road LLC
Warranty Deed
$450,000 · Td Bank NA
Jul 8, 2011
$530,000
447 Meriden Road LLC
Rosenthal,dorothy R
Warranty Deed
$397,500 · Savings Bank Of Danbury
Apr 19, 1990
—
Donald G Rosenthal
—
Deed Of Trust
related
$400,000 · Peoples Bank
Jan 2, 1987
—
Donald Rosenthal
—
Deed Of Trust
related
$50,000 · Peoples Bank
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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