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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Automotive properties
554 Main St, Watertown, CT 06779-1962
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0700646
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,388 SF
Lot
1.1 ac (47,916 SF)
Zoning code
BG
APN
WTWN M:123 B:200A L:23
UPID
US15-0700646
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
-
Drive X Car Dealership
-
Advance Part Store Auto Repair Shop Vehicle Inspection Center
-
Express Transmission Services Auto Repair Shop
-
A1 Tintz Interior Design Auto Repair Shop
-
Vlady's Car Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$512k
Blend (final)
Blend
$590k
Owner & transaction history
Oakville Ctr LLC · 5 yrs held
Oakville Ctr LLC
since 2020
Last sale
$582,750
1 recorded transaction
Zoning & alternative use
BG · Watertown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$955,000
+142.1%
Retail stores
$835,000
+111.8%
Medical building
$745,000
+89.2%
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 Watertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watertown 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
$605,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$395,000
Current use
RESTAURANT
$955,000
Change: +142% · Conversion: Difficult
RETAIL STORES
$835,000
Change: +112% · Conversion: Difficult
MEDICAL BUILDING
$745,000
Change: +89% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$725,000
Change: +84% · Conversion: Difficult
COMMERCIAL (GENERAL)
$630,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$420,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $583k (Dec 7 2020)
Last sale anchor
$583k
Dec 7 2020
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
$80 / 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
$26,056
Tax year 2023
Assessed value
$706,900
Assessed 2023
Previous assessed
$706,900
+0.0% YoY
Effective rate
3.69%
On assessed value
Assessed land
$100,300
Assessed improvement
$606,600
Applied tax rate
240.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
595
Total area
7,388 SF
Lot
1.1 ac (47,916 SF)
Zoning code
BG
APN
WTWN M:123 B:200A L:23
UPID
US15-0700646
Jurisdiction
WATERTOWN
Zoning & alternative use
BG · Watertown, CT
Zoning BG · permitted uses
BG · Watertown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Watertown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$395,000
RESTAURANT
Est. value
$955,000
RETAIL STORES
Est. value
$835,000
MEDICAL BUILDING
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$420,000
AUTO REPAIR, GARAGE Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
595
Lot
1.1 ac
Current owner
From public records · entity-resolved
Oakville Ctr LLC
Entity
Free & Clear · 5 yrs held
Mailing address
40 CALLENDER RD, WATERTOWN, CT 06795-6619
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2020
$582,750
Oakville Ctr LLC
Bradshaw Props LLC
Warranty 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.
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