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    Property profile & analytics

    500 Chase Pkwy Fl 1b Waterbury, CT 06708-3346

    • Commercial real estate
    • 3,535 SF
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US15-1049628
    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

    • Ocean Towing / Towing Service
    • Cicchetti Tansley & McGrath LLP / Business Attorney / Civil Law Attorney
    • Pullman & Comley / Attorney Referral Service
    • Waterbury Symphony Orchestra / Orchestra
    • Flynn Jr William F MD / Orthopedic Surgeon / Doctor

    Property Details for 500 Chase Pkwy Fl 1b

    Year built
    1985
    Property size
    3,535 SF
    Zone code
    CO
    Property type
    Commercial real estate
    APN
    WBRY M:0340 B:0049 L:0500-1B
    APU
    WBRYM0340B0049L05001B

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $270,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $200,000
      Mixed-Use
      $260,000
      Hospitality
      $270,000
      Educational
      $245,000
      Residential Income
      $205,000
      Energy
      $200,000
      Income-Based Land
      $225,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0632
    Latitude
    41.5474
    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
    $15,852
    $0.00
    $292,530
    $292,530
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation by Request
      4.25 Acres

      237 Huntingdon Ave

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      1.11 Acres

      550 Leonard St

      COMMERCIAL (GENERAL) • 1.11 Acres
      550 Leonard St, Waterbury, CT 06708-4317
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    • Value Estimation
      $170,000
      1,409 SF

      1389 Main St, Unit 221

      COMMERCIAL CONDOMINUIM • 1,409 SF
      1389 Main St, Waterbury, CT 06708-3104
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    • Value Estimation
      $285,000
      1,233 SF

      1389 Main St, Unit 305

      COMMERCIAL CONDOMINUIM • 1,233 SF
      1389 Main St, Waterbury, CT 06708-3104
      View Details
    • Value Estimation
      $250,000
      2,876 SF

      96 Oakwood Ave

      COMMERCIAL (GENERAL) • 2,876 SF
      96 Oakwood Ave, Waterbury, CT 06708-1022
      View Details

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    Similar Nearby for Lease

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      Retail space available in busy Steelbrook Plaza on Route 73.
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    • $1,800 /Mo

      Ready Multifamily Unit For Rent

      Move-in ready multifamily unit available for rent.
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    Waterbury, CT 06708-3346
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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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