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

    972 Main St Waterbury, CT 06704-3517

    • Manufacturing properties
    • 7,590 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Feb 19, 2025
    $280,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-1072727
    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

    • Angel Custom Woodworking, Inc. / Cabinet Maker

    Property Details for 972 Main St

    Year built
    1918
    Lot size
    0.31 lot acres
    Property size
    7,590 SF
    Zone code
    RM
    Property type
    Manufacturing properties
    APN
    WBRY M:0218 B:0190 L:0120
    APU
    WBRYM0218B0190L0120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0292
    Latitude
    41.5655
    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
    $10,629
    $39,340
    $156,800
    $196,140
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,585,000
      91,194 SF

      1495 Thomaston Ave

      MANUFACTURING (LIGHT) • 91,194 SF
      1495 Thomaston Ave, Waterbury, CT 06704-1744
      View Details
    • Value Estimation
      $1,140,000
      20,000 SF

      2200 Thomaston Ave

      MANUFACTURING (LIGHT) • 20,000 SF
      2200 Thomaston Ave, Waterbury, CT 06704-1041
      View Details
    • Value Estimation by Request
      7,571 SF

      88 Industry Ln

      MANUFACTURING (LIGHT) • 7,571 SF
      88 Industry Ln, Waterbury, CT 06704-2412
      View Details
    • Value Estimation
      $1,115,000
      64,648 SF

      280 Chase Riv Rd

      MANUFACTURING (LIGHT) • 64,648 SF
      280 Chase Riv Rd, Waterbury, CT 06704-1408
      View Details
    • Value Estimation
      $1,105,000
      62,299 SF

      15 Boyden St

      MANUFACTURING (LIGHT) • 62,299 SF
      15 Boyden St, Waterbury, CT 06704-1502
      View Details
    • Value Estimation
      $570,000
      18,750 SF

      2100 Thomaston Ave

      MANUFACTURING (LIGHT) • 18,750 SF
      2100 Thomaston Ave, Waterbury, CT 06704-1049
      View Details

    Similar Nearby for Sale

    • $575,000
      92.00 Acres

      92-Acre Waterbury Development Land

      Prime CT land, residential/commercial potential.
      Waterbury Boyden Street Ext, Waterbury, CT 06704
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    • $495,000

      Improved Land on East Main

      1.24 acres of improved land ideal for drive-thru.
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    • $690,000

      Renovated Three-Family Investment Opportunity

      Completely renovated three-family property near downtown and local businesses.
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    • $275,000

      Waterbury Two-Family Home

      Two-family home in Waterbury, ideal for investors or owner-occupants.
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    • $379,900
      32.00 Acres

      Development Opportunity: 32 Acres, Waterbury

      32-acre residential land with development potential in Waterbury, CT.
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    • $450,000

      Updated Three-Family Property

      Turnkey three-family property with modern updates and strong rental appeal.
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    Similar Nearby for Lease

    • $4,800 /Mo
      7,252 SF

      Industrial Space For Lease

      Versatile industrial space ideal for manufacturing, warehousing, or distribution.
      2148 S Main St, Waterbury, CT 06704
      View Details
    • $7 SF/Yr
      10,300 SF

      Freestanding High Bay Warehouse Facility

      10,300 SF high bay warehouse near Route 8.
      45 Commons Ct, Waterbury, CT 06704
      View Details
    • $5 SF/Yr
      112,066 SF

      Modern Manufacturing Space For Lease

      Turn-key plating operation in central CT industrial corridor.
      2223 Thomaston Ave, Waterbury, CT 06704
      View Details
    • $6 SF/Yr
      23,000 SF

      Sheffield Street Office/Warehouse

      Waterbury, CT: Flexible Office & Industrial Space
      36 Sheffield St, Waterbury, CT 06704
      View Details
    • $7 SF/Yr
      20,000 SF

      South Commons Flex Space Available

      Industrial flex space; 9,012 - 20,000 SF
      29 Commons Rd, Waterbury, CT 06704
      View Details
    • $3,000 /Mo
      2,750 SF

      Waterbury Light Industrial Flex Space

      Functional flex space ideal for light industrial, service, or contractor uses.
      396 Chase River Rd, Waterbury, CT 06704
      View Details
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    972 Main St
    Waterbury, CT 06704-3517
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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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