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Property profile & analytics
OFF-MARKET
Estimated value
$1,780,000
Investment properties
73 Waterbury Rd Prospect, CT 06712-1282
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US15-0663298
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,750 SF
Lot
0.92 ac (40,075 SF)
Zoning code
B
APN
PROS M:109 B:160 L:73
UPID
US15-0663298
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
-
Hartford HealthCare Rehabilitation Network Physician
-
Alyssa Kalberer, PA-C Pediatrician Physician
-
Karen Kennedy, MD Pediatrician Medical Clinic
-
Nabeel Qureshi, MD Physician
-
Aditi Mukherji, MD Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.78M
Owner & transaction history
73 Prospect LLC · 18 yrs held
73 Prospect LLC
since 2007
7 recorded transactions
Zoning & alternative use
B · Prospect, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Business
General category
COMMERCIAL
Zone area
280.51 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.7M
+110.0%
Apartment house (5+ units)
$1.2M
+41.6%
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 Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prospect 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%
$2,380,000
6.5%
$2,195,000
7%
$2,040,000
Alternative Use
Use
Estimation
RESTAURANT
$1,720,000
Change: +110% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,160,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$1.78M
Range $1.60M – $1.96M · ±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
$151 / 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
$42,283
Tax year 2023
Assessed value
$1,324,640
Assessed 2023
Previous assessed
$1,324,640
+0.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$171,180
Assessed improvement
$1,153,460
Applied tax rate
340.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
8
Bathrooms
3
Total area
11,750 SF
Lot
0.92 ac (40,075 SF)
Zoning code
B
APN
PROS M:109 B:160 L:73
UPID
US15-0663298
Jurisdiction
PROSPECT
Zoning & alternative use
B · Prospect, CTZoning B · permitted uses
B · Prospect, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Business
General category
COMMERCIAL
Zone area
280.51 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
8
Bathrooms
3
Lot
0.92 ac
Current owner
From public records · entity-resolved
73 Prospect LLC
Entity
Mailing address
23 N MAIN ST, NORWALK, CT 06854-2753
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2007
$2,625,000
73 Prospect LLC
Dercomm LLC
Warranty Deed
—
Jun 27, 2007
—
Dercomm LLC
—
Deed Of Trust
related
$200,000 · Savings Bank Of Danbury
Oct 17, 1997
—
Dercomm LLC
—
Deed Of Trust
related
$65,000 · American Bk Of Ct
Jun 12, 1996
—
Dercomm LLC
—
Deed Of Trust
related
$950,000 · American Bank Of Conneticut
May 5, 1995
$260,000
Dercomm LLC
Lano,arthur
Warranty Deed
$260,000 · First Natl Bk New Eng
May 5, 1995
—
Dercomm LLC
—
Deed Of Trust
related
$60,000 · First Natl Bk New Eng
—
—
B C Dilorenzo
—
Deed Of Trust
related
$215,710 · Prime Lndg
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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