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Property profile & analytics
FOR SALE
Grocery and convenience stores
96 Grove St Waterbury, CT 06710
Entity Owned
13-yr Hold
Free & Clear
Property ID
US15-1014251
For Sale
1 / 20
$4,500,000
96 Grove St, Waterbury, CT 06710
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2016
Total area
12,494 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CG
APN
WBRY M:0254 B:0160 L:0040
UPID
US15-1014251
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.44M
Owner & transaction history
Cooke St Partners B LLC · 13 yrs held
Cooke St Partners B LLC
since 2013
6 recorded transactions
Zoning & alternative use
CG · Waterbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+80.3%
Apartment house (5+ units)
$1.2M
+21.6%
Auto repair, garage
$1.1M
+11.8%
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%
$1,760,000
6.5%
$1,625,000
7%
$1,510,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,015,000
Current use
RESTAURANT
$1,825,000
Change: +80% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,230,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,135,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$1,020,000
Change: +0% · Conversion: Easy
COMMERCIAL (GENERAL)
$870,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$115 / 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
$58,701
Tax year 2023
Assessed value
$1,083,250
Assessed 2023
Previous assessed
$1,083,250
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$341,250
Assessed improvement
$742,000
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
Similar Nearby for Lease
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Sale
Year built
2016
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
1
Total area
12,494 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CG
APN
WBRY M:0254 B:0160 L:0040
UPID
US15-1014251
Jurisdiction
WATERBURY
Zoning & alternative use
CG · Waterbury, CT
Zoning CG · permitted uses
CG · 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
RETAIL STORES Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$870,000
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2016
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Cooke St Partners B LLC
Entity
Free & Clear · 13 yrs held
Mailing address
126 BUNNELL ST, COLEBROOK, CT 06021-3710
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2013
—
Cooke St Partners B LLC
Cooke Street Partners LLC
Warranty Deed
—
Jan 6, 2012
—
Cooke Street Partners LLC
Jd 91 Cooke LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jun 22, 2009
—
Jd 96 Grove LLC
—
Deed Of Trust
related
$2,850,000 · Cooke St Partners LLC
May 19, 2005
$140,000
J D 106 Grove LLC
96 Grove Corp
Warranty Deed
—
May 19, 2005
$70,000
J D 96 Grove LLC
96 Grove Corp
Warranty Deed
—
May 11, 1999
$60,000
Grove Corp
Salvation Army
Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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