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    Property profile & analytics

    84 Progress Ln Waterbury, CT 06705

    • Industrial properties
    • 149,109 SF
    • 15.36 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US15-0857647
    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

    • Health Complex Medical / Medical Supply Store
    • Mortgage Refinance Waterbury CT - Home Refinance Connecticut - Refi Home Loan Lenders / Financial Institution / Financial Consultant
    • Western Connecticut Area Agency / Social Services Organization
    • Senior Wyze Senior Care & Assisted Living Waterbury / Senior Citizen Center / Assisted Living Facility
    • Richard Aust / Pharmacy

    Property Details for 84 Progress Ln

    Year built
    1987
    Lot size
    15.36 lot acres
    Property size
    149,109 SF
    Zone code
    IP
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    WBRY M:0473 B:0490 L:0037
    APU
    WBRYM0473B0490L0037

    Description

    This exceptional Class A office space, located at 84 Progress Lane, offers 19,194 square feet of premium workspace. Situated on the second floor of a two-story building, this former bank processing center boasts a spacious, open-plan layout ideal for a variety of businesses. The suite features abundant natural light from windows on two sides, offering stunning mountain views. A private break room adds to the convenience and functionality of the space. Accessibility is enhanced by a single elevator, two stairwells, and conveniently located full restrooms. The building's zoning is IP. The minimum divisible space is 19,194 square feet, and the maximum contiguous space available is also 19,194 square feet. The total building size is 144,000 square feet, with this 19,194 square foot suite currently vacant and ready for immediate occupancy. Its prime location near Interstate 84 provides easy access and excellent visibility, making it an ideal location for businesses seeking a professional and convenient environment. This is a rare opportunity to secure a significant amount of high-quality office space in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.973
    Latitude
    41.5346
    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
    $295,054
    $400,050
    $5,044,760
    $5,444,810
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      2538 Main St

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      $440,000
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      1200 Wolcott St

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      17,600 SF

      108 Captain Neville Dr

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      1500 Meriden Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 41,949 SF
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    • Value Estimation by Request
      8.66 Acres

      130 Scott Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 8.66 Acres
      130 Scott Rd, Waterbury, CT 06705-5204
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing

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    • $14 SF/Yr
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      Waterbury Industrial Space For Lease

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    • $7 SF/Yr
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    84 Progress Ln
    Waterbury, CT 06705
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    Realmo Value Estimation

    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.

    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.

    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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