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Property profile & analytics
FOR LEASE
Grocery and convenience stores
727 Rubber Ave, Naugatuck, CT 06770
Entity Owned
Absentee Owner
Free & Clear
Property ID
US15-0083672
For Lease
$8 SF/Yr
727 Rubber Ave, Naugatuck, CT 06770
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,580 SF
Lot
12.45 ac (542,322 SF)
Zoning code
R8
APN
NAUG M:040 L:7701
UPID
US15-0083672
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
-
Lindsey's Dance Co Training Center
-
Peking Tokyo (Naugatuck City) Restaurant
-
Lili Nail &Spa Salon Nail Salon
-
Select Physical Therapy - Naugatuck Medical Clinic
-
Stop & Shop Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.60M
Blend (final)
Blend
$7.39M
Owner & transaction history
MANCINONE REALTY LLC
MANCINONE REALTY LLC
Zoning & alternative use
R8 · Naugatuck, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.7M
+34.8%
Commercial (general)
$6.7M
+3.9%
Office building
$6.7M
+3.1%
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 Naugatuck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Naugatuck 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,465,000
Current use
RESTAURANT
$8,710,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,715,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$6,665,000
Change: +3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,235,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,405,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$7.39M
Range $6.65M – $8.13M · ±10%
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
$124 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$236,019
Tax year 2024
Assessed value
$5,647,740
Assessed 2024
Previous assessed
$5,647,740
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$1,305,080
Assessed improvement
$4,342,660
Applied tax rate
346.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
59,580 SF
Lot
12.45 ac (542,322 SF)
Zoning code
R8
APN
NAUG M:040 L:7701
UPID
US15-0083672
Jurisdiction
NAUGATUCK
Zoning & alternative use
R8 · Naugatuck, CT
Zoning R8 · permitted uses
R8 · Naugatuck, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Naugatuck. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.5M
RESTAURANT
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.4M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
12.45 ac
Current owner
From public records · entity-resolved
MANCINONE REALTY LLC
Entity
Free & Clear · 0 yrs held
Mailing address
146 SHERIDAN DR, NAUGATUCK, CT 06770-2033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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