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Property profile & analytics
OFF-MARKET
Estimated value
$10,420,000
Commercial real estate
881 Wolcott St, Waterbury, CT 06705-1365
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US15-0422018
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Total area
124,890 SF
Lot
12.1 ac (527,076 SF)
Zoning code
CA
APN
WBRY M:0222 B:0563 L:0006
UPID
US15-0422018
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
-
Kmart Department Store
-
McDonald's Restaurant Take-out & Catering
-
Porter and Chester Institute Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.51M
Blend (final)
Blend
$10.42M
Owner & transaction history
Pecka Williams LLC · 10 yrs held
Pecka Williams LLC
since 2016
3 recorded transactions
Zoning & alternative use
CA · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$12.3M
+41.0%
Auto repair, garage
$11.3M
+29.7%
Office building
$10.2M
+16.5%
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 Waterbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterbury 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,735,000
Current use
APARTMENT HOUSE (5+ UNITS)
$12,320,000
Change: +41% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,330,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$10,170,000
Change: +16% · Conversion: Easy
RETAIL STORES
$10,130,000
Change: +16% · Conversion: Easy
WAREHOUSE, STORAGE
$7,350,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$10.42M
Range $9.38M – $11.46M · ±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
$83 / 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
$364,616
Tax year 2023
Assessed value
$6,728,470
Assessed 2023
Previous assessed
$6,728,470
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$1,866,900
Assessed improvement
$4,861,570
Applied tax rate
312.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1982
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
124,890 SF
Lot
12.1 ac (527,076 SF)
Zoning code
CA
APN
WBRY M:0222 B:0563 L:0006
UPID
US15-0422018
Jurisdiction
WATERBURY
Zoning & alternative use
CA · Waterbury, CT
Zoning CA · permitted uses
CA · Waterbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$8.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.3M
AUTO REPAIR, GARAGE
Est. value
$11.3M
OFFICE BUILDING
Est. value
$10.2M
RETAIL STORES
Est. value
$10.1M
WAREHOUSE, STORAGE
Est. value
$7.4M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1982
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
12.1 ac
Current owner
From public records · entity-resolved
Pecka Williams LLC
Entity
Mailing address
477 MAIN ST UNIT #212, MONROE, CT 06468-1175
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2016
—
Pecka Williams LLC
Pecka,david
Quit Claim Deed
related
—
Dec 3, 2004
—
Waterbury Lir LLC
—
Deed Of Trust
related
$1,500,000 · Citizens Bank Of Ct
—
—
Waterbury Lir LLC
—
Deed Of Trust
related
$3,540,000 · Washington Tr Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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