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Financial
Distress signals
Property profile

84 Progress Ln Waterbury, CT 06705

FOR LEASE
Industrial properties
Property ID
US15-0857647
149,109 SF 15.36 ac lot Built 1987
Last sale Jun 1997 · $2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 29-yr Hold Held for 29 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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…

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?
$295k
Tax billed · 2023
Assessed value$5.44M
Assessed land$400k
Assessed improvement$5.04M
Effective rate5.42%

Value estimate

· Oct 2026
$5.04M
$4.53M – $5.54M
Submarket $/SF estimate$6.54M
NOI build-up
Gross scheduled income$420k
Vacancy & credit loss−$76k
Operating expenses−$86k
NOI · 2,886,033.52% cap applied$258k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$70/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$27 – $115

Cap rate analysis

How does the asset earn?
2,886,033.52%
$258k 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?
IP
The intent of this zone is to promote industrial park district uses
General categoryINDUSTRIAL
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 agency18.5
Restaurant16.6
Law Firm16.5

Location

84 Progress Ln Waterbury, CT 06705
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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

4 recorded sales · 16 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3812 Main, Waterbury, CT 06705 $550,000 Oct 2024 11,442 SF
66 Mattatuck Hts, Waterbury, CT 06705-3831 $656,000 Jan 2024 27,644 SF
53 Interstate, Waterbury, CT 06705-2658 $995,000 Nov 2022 15,200 SF
205 Interstate, Waterbury, CT 06705-2657 $580,000 Oct 2018 12,200 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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