Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    753 Broad St Ext Waterford, CT 06385-1346

    • Showrooms
    • 940 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Feb 07, 2023
    Value Estimations
    $185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0634635
    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

    • Summit Financial Advisors LLC / Financial Planner

    Property Details for 753 Broad St Ext

    Year built
    1940
    Construction
    STONE
    Lot size
    0.14 lot acres
    Property size
    940 SF
    Zone code
    NB
    Property type
    Showrooms
    APN
    WFRD M:100 L:1160
    APU
    WFRDM100L1160

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $152,000
      Market price range: $62.1k - $169k

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    New London
    State
    Connecticut
    Longitude
    -72.13
    Latitude
    41.3695
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, 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
    $2,589
    $63,550
    $58,590
    $122,140
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $665,000
      47,148 SF

      230 Waterford S Pkwy

      SHOW ROOM, WAREHOUSE • 47,148 SF
      230 Waterford S Pkwy, Waterford, CT 06385-1219
      View Details
    • Value Estimation
      $740,000
      68,045 SF

      196 Waterford S Pkwy

      SHOW ROOM, WAREHOUSE • 68,045 SF
      196 Waterford S Pkwy, Waterford, CT 06385-1234
      View Details
    • Value Estimation
      $1,020,000
      201,755 SF

      155 Waterford N Pkwy

      SHOW ROOM, WAREHOUSE • 201,755 SF
      155 Waterford N Pkwy, Waterford, CT 06385-1208
      View Details
    • Value Estimation
      $830,000
      70,318 SF

      5 Dayton Rd

      SHOW ROOM, WAREHOUSE • 70,318 SF
      5 Dayton Rd, Waterford, CT 06385-4278
      View Details
    • Value Estimation
      $290,000
      5,559 SF

      165 Boston Post Rd

      SHOW ROOM, WAREHOUSE • 5,559 SF
      165 Boston Post Rd, Waterford, CT 06385-2848
      View Details
    • Value Estimation
      $270,000
      1,728 SF

      36 Clark Ln

      SHOW ROOM, WAREHOUSE • 1,728 SF
      36 Clark Ln, Waterford, CT 06385-2313
      View Details

    Similar Nearby for Sale

    • $8,000,000
      328.00 Acres

      Waterford Mixed-Use Development Site

      Prime 328-acre I-95 development opportunity.
      140 Waterford Pkwy, Waterford, CT 06385
      View Details
    • $60,000
      672 SF

      Waterford Office Suite - $60K

      Prime Waterford location, 672 sq ft office suite, ample parking.
      567 Vauxhall Street Ext, Waterford, CT 06385
      View Details
    • $1,300,000
      18,045 SF

      Waterford Industrial Property - 18 Acres

      Two buildings, 18,045 sq ft, prime location.
      17 Industrial Dr, Waterford, CT 06385
      View Details
    • $785,000

      Waterford Specialty Property For Sale

      Specialty property available for purchase in Waterford, Connecticut.
      213 Boston Post Rd, Waterford, CT 06385
      View Details
    • $54,000

      Professional Office Suites For Sale

      Professional office suites in Waterford Professional Building, convenient location.
      567 Vauxhall Suites 320 & 321, Waterford, CT 06385
      View Details
    • $1,250,000
      68.00 Acres

      Waterford Commercial Land For Sale

      68 acre commercial land parcel in Waterford, CT for sale.
      267 Waterford Pkwy North, Waterford, CT 06385
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      32,000 SF

      Waterford Retail or Office Space

      32000 SF retail or office space available for rent.
      40 Boston Post Rd, Waterford, CT 06385
      View Details
    • Contact for pricing
      2,560 SF

      Retail Space in Waterford Center

      Retail space available in a highly visited shopping center.
      903-915 Hartford Tpke, Waterford, CT 06385
      View Details
    • Contact for pricing
      79,000 SF

      Waterford Retail Development Opportunity

      New retail development near Crystal Mall with regional accessibility.
      845 Hartford Tpke, Waterford, CT 06385
      View Details
    • $750 /Mo
      1,500 SF

      Versatile Commercial Space on Boston Post

      Flexible leasing options for professional, wellness, and specialty service businesses.
      70 Boston Post Rd, Waterford, CT 06385
      View Details
    • Contact for pricing
      6,781 SF

      Retail Space in Power Center

      Retail space in a power center with national retailers.
      905 Hartford Tpke, Waterford, CT 06385
      View Details
    • Contact for pricing
      64,804 SF

      Prime Waterford Retail Space

      High-traffic location, 30,000 SF available
      128 Boston Post Rd, Waterford, CT 06385
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    753 Broad St Ext
    Waterford, CT 06385-1346
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.