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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    671 Meriden Rd Waterbury, CT 06705-2432

    • Investment properties
    • 2,734 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0796178
    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

    • Investment properties

    Property Details for 671 Meriden Rd

    Year built
    1962
    Lot size
    0.06 lot acres
    Property size
    2,734 SF
    Zone code
    RL
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WBRY M:0302 B:0372 L:0063
    APU
    WBRYM0302B0372L0063

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $256,000
      Market price range: $74.4k - $313k
      AI Estimate
      $217,000
      Market price range: $81.9k - $243k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $190,000
      Current use
      AUTO REPAIR, GARAGE
      $250,000
      Change: +30% Conversion: Difficult
      OFFICE BUILDING
      $225,000
      Change: +16% Conversion: Easy
      RETAIL STORES
      $220,000
      Change: +16% Conversion: Easy
      WAREHOUSE, STORAGE
      $160,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9969
    Latitude
    41.5541
    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
    $9,840
    $17,500
    $164,080
    $181,580
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $250,000
      2,064 SF

      1305 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,064 SF
      1305 Main St, Waterbury, CT 06705-1022
      View Details
    • Value Estimation
      $350,000
      2,620 SF

      240 Wolcott St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,620 SF
      240 Wolcott St, Waterbury, CT 06705-1145
      View Details
    • Value Estimation
      $330,000
      3,240 SF

      112 Meriden Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,240 SF
      112 Meriden Rd, Waterbury, CT 06705-1935
      View Details
    • Value Estimation
      $505,000
      12,960 SF

      91 Schraffts Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 12,960 SF
      91 Schraffts Dr, Waterbury, CT 06705-5206
      View Details
    • Value Estimation
      $325,000
      6,100 SF

      1308 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,100 SF
      1308 Main St, Waterbury, CT 06705-1021
      View Details
    • Value Estimation
      $410,000
      4,335 SF

      1567 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,335 SF
      1567 Main St, Waterbury, CT 06705-1029
      View Details

    Similar Nearby for Sale

    • $1,999,900
      2.95 Acres

      Waterbury Commercial Investment Opportunity

      2.95 acre commercial property with five fully rented buildings.
      510 Meriden 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
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    • $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
    • $2,800,000
      3.73 Acres

      Waterbury Commercial Land - $2.8M

      Prime 3.73-acre retail site in Waterbury, CT.
      3584 Main St, Waterbury, CT 06705
      View Details
    • Contact for pricing
      7.50 Acres

      Prime Waterbury Commercial Land

      7.5 Acres, Route 84 Access
      3580 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
    • $14 SF/Yr
      23,540 SF

      Prime Retail Space, Waterbury, CT

      High-traffic retail space available.
      464 Reidville Dr, Waterbury, CT 06705
      View Details
    • $5,701 /Mo
      5,560 SF

      Professional Office Space for Lease

      5,560 SF professional office space, ideal for medical use.
      525 Wolcott St, Waterbury, CT 06705
      View Details
    • $14 SF/Yr
      4,337 SF

      Retail/Office/Flex Space Available

      New retail, office, or flex space with highway access.
      1215-1261 Meriden Rd, Wolcott, CT 06705
      View Details
    • $2,800,000

      Retail Development Opportunity Land

      3.73 acres at signalized intersection, development opportunity.
      3584 E Main St, Waterbury, CT 06705
      View Details
    • $25 SF/Yr
      4,941 SF

      Retail Space in Waterbury Corridor

      Retail space for lease in Waterbury's retail corridor.
      1030 Wolcott St, Waterbury, CT 06705
      View Details
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    671 Meriden Rd
    Waterbury, CT 06705-2432
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    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
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