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Property profile & analytics
OFF-MARKET
Investment properties
65 Bank St, Waterbury, CT 06702-2207
Individually Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0353801
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Total area
15,120 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CBD
APN
WBRY M:0294 B:0271 L:0097
UPID
US15-0353801
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
-
Judah's Camp School of Music Vocational School Training Center
-
Olearyformayor City Government Office
-
Waterbury City Employees Association Association / Organization
-
Daigle Ronald P Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Philip J Wargi · 17 yrs held
Philip J Wargi
since 2009
5 recorded transactions
Zoning & alternative use
CBD · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,160
Tax year 2023
Assessed value
$353,570
Assessed 2023
Previous assessed
$353,570
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$32,900
Assessed improvement
$320,670
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
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Heating
HEAT PUMP
Buildings
1
Stories
7
Total area
15,120 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CBD
APN
WBRY M:0294 B:0271 L:0097
UPID
US15-0353801
Jurisdiction
WATERBURY
Zoning & alternative use
CBD · Waterbury, CT
Zoning CBD · permitted uses
CBD · 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.
Building & site characteristics
From public records
Year built
1930
Heating
HEAT PUMP
Stories
7
Buildings
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Philip J Wargi
Individual
Free & Clear · 17 yrs held
Mailing address
69 EASTRIDGE DR, WATERBURY, CT 06708-3320
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2009
$1
Philip J Wargi
Matthews,robert V
Grant Deed
related
—
Feb 24, 1999
$175,000
Philip J Nargi
Stowe,robert E
Warranty Deed
$551,000 · First Union National Bank
Apr 9, 1998
$110,000
Philip J Nargi
Lux Bond & Green
Warranty Deed
$337,000 · First Union National Bank
Oct 30, 1997
—
Philip J Nargi
—
Deed Of Trust
related
$248,494 · First Union National Bank
Apr 17, 1996
$150,000
Philip J Nargi
Matthews,robert V
Warranty Deed
$95,000 · Centerbank
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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