Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    55 Store Ave Waterbury, CT 06705-1444

    • Specialty properties
    • 7,650 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Apr 14, 2021
    $200,000
    Value Estimations
    $165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0219642
    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

    • The COVE bar and grill / Social Club
    • A.t.S (Above the Surface Media) / Photography Service

    Property Details for 55 Store Ave

    Year built
    1945
    Lot size
    0.34 lot acres
    Property size
    7,650 SF
    Zone code
    CA
    Property type
    Specialty properties
    APN
    WBRY M:0325 B:0353 L:0003
    APU
    WBRYM0325B0353L0003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $165,000
      ML approach
      $180,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0106
    Latitude
    41.5517
    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
    $14,911
    $74,550
    $200,620
    $275,170
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $255,000
      2,560 SF

      828 Frost Rd

      CHARITABLE ORGANIZATION • 2,560 SF
      828 Frost Rd, Waterbury, CT 06705-2312
      View Details
    • Value Estimation
      $235,000
      1,577 SF

      554 Plank Rd

      CHARITABLE ORGANIZATION • 1,577 SF
      554 Plank Rd, Waterbury, CT 06705-2621
      View Details
    • Value Estimation
      $455,000
      10,012 SF

      514 Long Hl Rd

      DAY CARE, PRE-SCHOOL • 10,012 SF
      514 Long Hl Rd, Waterbury, CT 06705-1302
      View Details
    • Value Estimation
      $440,000
      10,783 SF

      128 Ave Of Industry

      DAY CARE, PRE-SCHOOL • 10,783 SF
      128 Ave Of Industry, Waterbury, CT 06705-3901
      View Details
    • Value Estimation by Request
      4.74 Acres

      497 Plank Rd

      Individual retail properties • 24,000 SF
      497 Plank Rd, Waterbury, CT 06705
      View Details
    • Value Estimation
      $315,000
      6.36 Acres

      1261 Meriden Rd

      INDUSTRIAL (GENERAL) • 6.36 Acres
      1261 Meriden Rd, Wolcott, CT 06705-3637
      View Details

    Similar Nearby for Sale

    • $297,500

      Waterbury Specialty Property for Sale

      Specialty property available for purchase in Waterbury, Connecticut.
      611 Frost Rd, Waterbury, CT 06705
      View Details
    • $495,000

      Ridgefield Ave Specialty Property

      Specialty property available for sale in Waterbury, Connecticut.
      280 Ridgefield Ave, Waterbury, CT 06705
      View Details
    • $340,000

      Specialty Property For Sale

      Specialty property available for sale.
      425 Scott Rd, Waterbury, CT 06705
      View Details
    • Contact for pricing
      6.77 Acres

      Prime Waterbury Commercial Land

      6.77 Acres, I-84 Exit 25
      106 Reidville Dr, Waterbury, CT 06705
      View Details
    • $2,495,000
      60,000 SF

      Eastside Village Commons: Restaurant Sale

      Prime Restaurant Space, 60,000 SF, 24 Acres
      3801 Main St, Waterbury, CT 06705
      View Details
    • $5,900,000
      8.47 Acres

      Sunbeam Plaza: Waterbury Shopping Center

      Prime Retail Center - Vacant, 8.47 Acres
      2457 Main St, Waterbury, CT 06705
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      12,596 SF

      Turnkey Creative Office Space

      Waterbury, CT: 12,596 SF, 100+ Parking
      101 Pierpont Rd, Waterbury, CT 06705
      View Details
    • $18 SF/Yr
      3,600 SF

      Waterbury Commercial Property

      High-traffic, 3600 sq ft building
      24 Meriden Rd, Waterbury, CT 06705
      View Details
    • Contact for pricing
      3,000 SF

      Executive Office Suite, Waterbury, CT

      Prime Waterbury Office Space - 1,000 sq ft.
      625 Wolcott St, Waterbury, CT 06705
      View Details
    • $9 SF/Yr
      44,062 SF

      Sunbeam Plaza: Waterbury Office Space

      Prime Wolcott Office Suites Available
      2457 Main St, Waterbury, CT 06705
      View Details
    • Contact for pricing
      1 SF

      Waterbury Commercial Land - 7.5 Acres

      Prime Waterbury location, 7.5 acres, Arterial Commercial zoning.
      3580 Main St, Waterbury, CT 06705
      View Details
    • $7 SF/Yr
      100,467 SF

      Waterbury Industrial Space For Lease

      100,467 SF industrial space with flexible options in Waterbury.
      400 Captain Neville Dr, Waterbury, CT 06705
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    55 Store Ave
    Waterbury, CT 06705-1444
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.