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    Property profile & analytics

    874 Lakewood Rd Waterbury, CT 06704-2423

    • Turn key restaurants
    • 5,678 SF
    • 1.55 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Location Intelligence
    Property ID
    US15-1157743
    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

    • Wasabi Sushi & Hibachi Steak House / Japanese Restaurant

    Property Details for 874 Lakewood Rd

    Year built
    1977
    Lot size
    1.55 lot acres
    Property size
    5,678 SF
    Zone code
    CA
    Property type
    Turn key restaurants
    APN
    WBRY M:0186 B:0559 L:0071
    APU
    WBRYM0186B0559L0071

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $440,000
      6.5%
      $505,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $490,000
      Geo Method
      $425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $400,000
      Retail
      $465,000
      Mixed-Use
      $360,000
      Hospitality
      $405,000
      Educational
      $415,000
      Residential Income
      $480,000
      Energy
      $360,000
      Income-Based Land
      $355,000
      Food Service
      $390,000

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0076
    Latitude
    41.5692
    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
    $25,298
    $231,350
    $235,480
    $466,830
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      2,867 SF

      394 Lakewood Rd

      RESTAURANT • 2,867 SF
      394 Lakewood Rd, Waterbury, CT 06704-2417
      View Details
    • Value Estimation
      $340,000
      1,790 SF

      348 Chase Ave

      RESTAURANT • 1,790 SF
      348 Chase Ave, Waterbury, CT 06704-1902
      View Details
    • Value Estimation
      $425,000
      2,656 SF

      396 Chase Ave

      RESTAURANT • 2,656 SF
      396 Chase Ave, Waterbury, CT 06704
      View Details
    • Value Estimation
      $210,000
      1,944 SF

      350 Walnut St

      RESTAURANT • 1,944 SF
      350 Walnut St, Waterbury, CT 06704-3703
      View Details
    • Value Estimation
      $400,000
      1,560 SF

      717 Lakewood Rd

      RESTAURANT • 1,560 SF
      717 Lakewood Rd, Waterbury, CT 06704-2482
      View Details
    • Value Estimation
      $240,000
      3,656 SF

      1298 Main St

      RESTAURANT • 3,656 SF
      1298 Main St, Waterbury, CT 06704-3129
      View Details

    Similar Nearby for Sale

    • $65,000
      1,300 SF

      Turnkey Restaurant Opportunity

      Breakfast/lunch restaurant for sale, renovated in August 2023.
      1622 Thomaston Ave, Waterbury, CT 06704
      View Details
    • $229,900

      Mixed-Use Property For Sale

      Mixed-use property with restaurant and event space in high-traffic area.
      799 N Main St, Waterbury, CT 06704
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    • $279,900

      Mixed-Use 3-Family Property

      Mixed-use 3-family property with storefront and garage.
      21 Violet St, Waterbury, CT 06704
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    • $1,500,000
      10,470 SF

      Hardware Store with Repair Shop

      Retail hardware store and repair shop for sale.
      440-464 Chase Ave, Waterbury, CT 06704
      View Details
    • $320,000

      Bucks Hill Road Property

      Property on Bucks Hill Rd, Waterbury, CT for sale.
      701 Bucks Hill Rd, Waterbury, CT 06704
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    • $4,412,000

      Retail Property in Waterbury

      Retail property available for sale in Waterbury, Connecticut.
      491 Lakewood Rd, Waterbury, CT 06704
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      3,093 SF

      Former Bank Space with Drive-Through

      3,093 SF former bank space available for lease.
      992 Cooke St, Waterbury, CT 06704
      View Details
    • Contact for pricing
      34,340 SF

      Retail Building with Service Garage

      Retail building with service garage and high traffic volume.
      771 Lakewood Rd, Waterbury, CT 06704
      View Details
    • $12 SF/Yr
      5,460 SF

      Waterbury Medical Office For Lease

      Prime Medical Office Space - 5,460 SF
      496 Chase Ave, Waterbury, CT 06704
      View Details
    • $5,000 /Mo
      1,736 SF

      Retail Property with Auto Features

      Retail property equipped for automotive sales and service.
      37-39 Chase Ave, Waterbury, CT 06704
      View Details
    • Contact for pricing
      4,100 SF

      Retail Space Near Route 8

      Retail locations for lease with easy highway access.
      218-252 Chase Ave, Waterbury, CT 06704
      View Details
    • $1,800 /Mo

      Adaptable Commercial Building For Rent

      Versatile space suitable for retail, office, studio, or events.
      31 Hill St, Waterbury, CT 06704
      View Details

    Property Visit Statistics

    • Visits by month
      21.3k
    • Visitors by month
      9.9k
    • Avg Time on site
      7 min
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    874 Lakewood Rd
    Waterbury, CT 06704-2423
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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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