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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    94 Charles St Waterbury, CT 06708

    • Investment properties
    • 13,176 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $1,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0147588
    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

    • Lighter to ashtrays / (Bike/Boat/Book/etc) Store

    Property Details for 94 Charles St

    Year built
    1950
    Lot size
    0.17 lot acres
    Property size
    13,176 SF
    Zone code
    RM
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WBRY M:0413 B:1054 L:0089
    APU
    WBRYM0413B1054L0089

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,495,000
      Market price range: $858k - $4.10M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $860,000
      Current use
      RESTAURANT
      $1,925,000
      Change: +124% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,300,000
      Change: +51% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,195,000
      Change: +39% Conversion: Difficult
      OFFICE BUILDING
      $1,075,000
      Change: +25% Conversion: Easy
      RETAIL STORES
      $1,070,000
      Change: +24% Conversion: Easy
      WAREHOUSE, STORAGE
      $775,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0452
    Latitude
    41.5411
    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
    $27,934
    $23,450
    $492,030
    $515,480
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $565,000
      5,248 SF

      69 Clairmont Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,248 SF
      69 Clairmont Ave, Waterbury, CT 06708-4166
      View Details
    • Value Estimation by Request
      5,916 SF

      21 Congress Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,916 SF
      21 Congress Ave, Waterbury, CT 06708-3844
      View Details
    • Value Estimation by Request
      2,904 SF

      745 Highland Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,904 SF
      745 Highland Ave, Waterbury, CT 06708-4181
      View Details
    • Value Estimation by Request
      4,648 SF

      571 Highland Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,648 SF
      571 Highland Ave, Waterbury, CT 06708-3723
      View Details
    • Value Estimation by Request
      2,320 SF

      728 Highland Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,320 SF
      728 Highland Ave, Waterbury, CT 06708-4136
      View Details
    • Value Estimation by Request
      3,649 SF

      926 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,649 SF
      926 Main St, Waterbury, CT 06708-2619
      View Details

    Similar Nearby for Sale

    • $469,900

      Mixed-Use Property in Waterbury

      Fully rented mixed-use property with residential and commercial spaces.
      318 Congress Ave, Waterbury, CT 06708
      View Details
    • New
      $575,000
      2,704 SF

      Mixed-Use Building with Retail & Apartment

      Mixed-use building with storefront, apartment, and garage in Waterbury.
      151 Highland Ave, Waterbury, CT 06708
      View Details
    • $350,000
      1.27 Acres

      Waterbury Commercial Land - 1.27 Acres

      Prime 1.27-acre commercial lot, ideal for mixed-use development.
      0 Park Rd, Waterbury, CT 06708
      View Details
    • $1,100,000
      5,200 SF

      Waterbury Shopping Center - Prime Location

      High-Occupancy Retail/Office Center in CT
      485 Watertown Ave, Waterbury, CT 06708
      View Details
    • $6,995,000
      26,040 SF

      Retail Plaza Prime Location

      69,104 SF retail plaza with 26,040 SF available.
      425 Bank St, Waterbury, CT 06708
      View Details
    • $1,000,000

      Land For Sale

      Land available for sale.
      77 Eastfield Rd, Waterbury, CT 06708
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      7,590 SF

      Waterbury Executive Office Space

      Modern Office, 2,516 sq ft Available
      146 Highland Ave, Waterbury, CT 06708
      View Details
    • $22 SF/Yr
      1,350 SF

      Retail Space in Waterbury Center

      Retail space available in a signature Waterbury shopping center.
      1249 W Main St, Waterbury, CT 06708
      View Details
    • $1,275 /Mo

      Spacious Apartment with Hardwood Floors

      Comfortable apartment featuring hardwood floors, laundry room, and off-street parking.
      154 Charles St, Waterbury, CT 06708
      View Details
    • $5 SF/Yr
      90,000 SF

      Railroad Hill St. Industrial Space

      90,000 SF Manufacturing/Warehouse; 11,000 SF Available
      300 Railroad Hill St, Waterbury, CT 06708
      View Details
    • $6,600 /Mo
      10,000 SF

      Prime Waterbury Executive Office Space

      10,000 SF Office, 3,000 SF Available
      1068 Main St, Waterbury, CT 06708
      View Details
    • $12 SF/Yr
      4,651 SF

      Waterbury Medical Office Space For Lease

      Prime Medical Office Building, Abundant Parking
      1389 Main St, Waterbury, CT 06708
      View Details
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    94 Charles St
    Waterbury, CT 06708
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    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
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