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    Property profile & analytics

    96 Grv St Waterbury, CT 06710

    • Grocery and convenience stores
    • 12,494 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimations
    $1,440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-1014251
    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

    • Grocery and convenience stores

    Property Details for 96 Grv St

    Year built
    2016
    Lot size
    1.04 lot acres
    Property size
    12,494 SF
    Zone code
    CG
    Property type
    Grocery and convenience stores
    APN
    WBRY M:0254 B:0160 L:0040
    APU
    WBRYM0254B0160L0040

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,760,000
      6.5%
      $1,625,000
      7%
      $1,510,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,345,000
      Market price range: $566k - $1.47M
      AI Estimate
      $1,347,000
      Market price range: $566k - $1.48M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0393
    Latitude
    41.5603
    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
    $58,701
    $341,250
    $742,000
    $1,083,250
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      12,092 SF

      34 Willow St

      RETAIL STORES (PERSONAL SERVICES) • 12,092 SF
      34 Willow St, Waterbury, CT 06710-2003
      View Details
    • Value Estimation
      $2,020,000
      16,555 SF

      91 Cooke St

      RETAIL STORES (PERSONAL SERVICES) • 16,555 SF
      91 Cooke St, Waterbury, CT 06710-2305
      View Details
    • Value Estimation by Request
      4,363 SF

      138 Manhan St

      SHOW ROOM, WAREHOUSE • 4,363 SF
      138 Manhan St, Waterbury, CT 06710-1845
      View Details
    • Value Estimation by Request
      1,754 SF

      238 Cooke St

      RETAIL STORES (PERSONAL SERVICES) • 1,754 SF
      238 Cooke St, Waterbury, CT 06710-1916
      View Details
    • Value Estimation by Request
      2,448 SF

      56 Willow St

      DRY CLEANER • 2,448 SF
      56 Willow St, Waterbury, CT 06710-2010
      View Details
    • Value Estimation by Request
      11,732 SF

      140 Manhan St

      SHOW ROOM, WAREHOUSE • 11,732 SF
      140 Manhan St, Waterbury, CT 06710-1845
      View Details

    Similar Nearby for Sale

    • $300,000
      1,600 SF

      Mixed-Use Investment Opportunity

      Mixed-use property with restaurant, storefront, hall, and apartments.
      39 Willow St, Waterbury, CT 06710
      View Details
    • $799,999
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      Mixed-Use Building with Renovation Potential

      Mixed-use building with 9 units and significant upside potential.
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    • $1,250,000
      11,748 SF

      Mixed-Use Investment Opportunity

      Mixed-use property with restaurant, storefront, hall, and apartments.
      33-39 Willow St, Waterbury, CT 06710
      View Details
    • $450,000
      Pending

      Mixed-Use Property in Downtown Waterbury

      Mixed-use property with office space and residential conversion potential.
      21 Holmes Ave, Waterbury, CT 06710
      View Details
    • New
      $30,000
      Pending

      Cleared Corner Lot in Waterbury

      Clean, cleared corner lot zoned for multi-family property.
      99 Pearl St, Waterbury, CT 06710
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    • $489,900
      3,067 SF

      Well-Maintained 5-Unit Investment Property

      Turnkey investment property with strong ROI potential in Waterbury, CT.
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    Similar Nearby for Lease

    • Contact for pricing

      Move-in Ready One-Bedroom Apartment

      One-bedroom apartment featuring in-unit laundry and off-street parking.
      241 Lincoln St, Waterbury, CT 06710
      View Details
    • $1,300 /Mo

      Waterbury Apartment with Utilities Included

      One-bedroom apartment near downtown Waterbury with utilities included.
      58 Kellogg St, Waterbury, CT 06710
      View Details
    • $1,600 /Mo

      Renovated Apartment with Three Bedrooms

      Newly renovated three-bedroom apartment with off-street parking available for rent.
      15-17 Ridgewood St, Waterbury, CT 06710
      View Details
    • $1,500 /Mo

      Spacious Apartment with Extra Room

      Bright 2-bedroom apartment with office near amenities and transport.
      175 Chestnut Ave, Waterbury, CT 06710
      View Details
    • $1,500 /Mo

      Charming Apartment Near Downtown

      Two-bedroom, one-bath apartment near downtown, transportation, and shopping.
      22 Wyman St, Waterbury, CT 06710
      View Details
    • $1,450 /Mo

      Spacious Four-Bedroom Apartment For Rent

      Comfortable 4-bedroom apartment with ample storage and convenient location.
      221 Willow St, Waterbury, CT 06710
      View Details
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    96 Grv St
    Waterbury, CT 06710
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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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