Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    969 Main St Waterbury, CT 06708-2653

    • Commercial real estate
    • 0.71 lot acres
    OFF-MARKET
    Last Sale
    Apr 03, 2025
    $1,850,000
    Value Estimations
    $1,760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0331836
    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

    • Jeffrey H Boyd & Associates / Physician
    • Renato Network / Medical Clinic
    • Choices Mental Health Association / Crisis Center / Medical Clinic
    • Undivided Soul Counseling / Crisis Center / Medical Clinic
    • Holistic Psychotherapy Services / Counselor / Nurse Practitioner

    Property Details for 969 Main St

    Lot size
    0.71 lot acres
    Zone code
    RO
    Property type
    Commercial real estate
    APN
    WBRY M:0271 B:0033 L:0096
    APU
    WBRYM0271B0033L0096

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,715,000
      ML approach
      $1,620,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0574
    Latitude
    41.5565
    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
    $49,795
    $136,430
    $782,460
    $918,890
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,730,000
      10,653 SF

      1312 Main St Ste, Unit 101

      COMMERCIAL CONDOMINUIM • 10,653 SF
      1312 Main St Ste, Waterbury, CT 06708-3121
      View Details
    • Value Estimation by Request
      4.25 Acres

      237 Huntingdon Ave

      COMMERCIAL (GENERAL) • 4.25 Acres
      237 Huntingdon Ave, Waterbury, CT 06708-1462
      View Details
    • Value Estimation by Request
      1.11 Acres

      550 Leonard St

      COMMERCIAL (GENERAL) • 1.11 Acres
      550 Leonard St, Waterbury, CT 06708-4317
      View Details
    • Value Estimation by Request
      1,409 SF

      1389 Main St, Unit 221

      COMMERCIAL CONDOMINUIM • 1,409 SF
      1389 Main St, Waterbury, CT 06708-3104
      View Details
    • Value Estimation by Request
      1,233 SF

      1389 Main St, Unit 305

      COMMERCIAL CONDOMINUIM • 1,233 SF
      1389 Main St, Waterbury, CT 06708-3104
      View Details
    • Value Estimation
      $515,000
      2,876 SF

      96 Oakwood Ave

      COMMERCIAL (GENERAL) • 2,876 SF
      96 Oakwood Ave, Waterbury, CT 06708-1022
      View Details

    Similar Nearby for Sale

    • $379,000

      Six-Family Apartment House

      Six-unit apartment building with planned roof replacement.
      610 Wilson St, Waterbury, CT 06708
      View Details
    • $2,199,000
      6,656 SF

      Medical Office Space For Sale

      6,656 SF Class A medical space on West Main Street.
      1320 W Main St, Waterbury, CT 06708
      View Details
    • $425,000

      Spacious Two-Family Home

      Large owner-occupied two-family home with modern amenities.
      460 Congress Ave, Waterbury, CT 06708
      View Details
    • $399,000

      Income-Generating Three-Family Home

      Fully rented three-family home in Waterbury, generating $4,100 monthly.
      21 Poplar St, Waterbury, CT 06708
      View Details
    • $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
    • $474,900

      Bunker Hill Multifamily Investment Opportunity

      Well-maintained multifamily residence in Bunker Hill, Waterbury.
      284 Newridge Ave, 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
    • $6 SF/Yr
      26,700 SF

      Waterbury Warehouse - 26,700 SF

      Spacious industrial warehouse, ideal for various uses.
      185 Huntingdon Ave, Waterbury, CT 06708
      View Details
    • Contact for pricing
      31,740 SF

      Grandview Medical Office Suite Available

      1,050 SF Medical Office Space For Lease
      140 Grandview Ave, Waterbury, CT 06708
      View Details
    • $1,100 /Mo

      Well-Maintained Two Bedroom Apartment

      Lower level, two-bedroom apartment with heat and hot water included.
      33 Vista Pl, Waterbury, CT 06708
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    969 Main St
    Waterbury, CT 06708-2653
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.