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Financial
Distress signals
Property profile

68 Center St Waterbury, CT 06702

FOR SALE
Investment properties
Property ID
US15-0140643
14,496 SF 0.08 ac lot Built 1895
Last sale May 2023 · $535,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional executive office building, located at 68-76 Center Street in the heart of Waterbury, CT's Central Business District (CBD), offers a unique opportunity for businesses seeking prestigious office space. The property, built in 1895 and boasting four stories, comprises a total of 14,496 square feet. Currently, there are multiple suites available, with a maximum contiguous space of 5,000 square feet and a total of 5,000 square feet currently vacant. Individual suites range from…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$24k
Tax billed · 2023
Assessed value$435k
Assessed land$43k
Assessed improvement$392k
Effective rate5.42%

Value estimate

· Oct 2026
$680k
$612k – $748k
AI approach$590k
Submarket $/SF estimate$609k
NOI build-up
Gross scheduled income$313k
Vacancy & credit loss−$31k
Operating expenses−$106k
NOI · 20.72% cap applied$176k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$54/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$19 – $88
Qualifying comparables8

Cap rate analysis

How does the asset earn?
20.72%
$176k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD
The intent of this zone is to promote central business district uses
General categoryCOMMERCIAL
JurisdictionWATERBURY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.5
HVAC Service12.2
Storage Facility11.8

Location

68 Center St Waterbury, CT 06702
County assessor Recorded deeds · 2 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
63 Bank, Waterbury, CT 06702-2206 $3,100,000 Apr 2024 13,860 SF
68 Bank, Waterbury, CT 06702 $3,100,000 Apr 2024 15,200 SF
471 Main, Waterbury, CT 06702 $952,000 Feb 2024 16,320 SF
158 Grand, Waterbury, CT 06702-1909 $325,000 May 2023 11,592 SF
453 Main, Waterbury, CT 06702-1122 $600,000 Nov 2022 11,940 SF
38 Bank, Waterbury, CT 06702-2203 $90,000 May 2022 11,901 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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