Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Retail Space Available Now Title is generated by Realmo AI

    1014 Meriden Road #Current Appliance Store, Waterbury, CT 06705

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,950/Mo $12 SF/Yr (calc)

    Large retail space in high-traffic location, ready for immediate occupancy.

    Type:Commercial
    Property size:
    5,500 SF
    Lot size:
    0.75 Acres
    Added:
    May 30, 2025
    Days on Market:
    357
    Last Refresh:
    Apr 5 at 11:20 pm

    Property Features for 1014 Meriden Road #Current Appliance Store

    General Information

    Standard status
    Active
    Size
    5,500 SF
    Lot size
    0.75 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    MEI LING CHEUNG

    Listing agent MEI LING CHEUNG

    Listing office BHGRE Shore & Country

    Listing date May 30, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of BHGRE Shore & Country

    HighLights

    • High‑traffic location in a strip mall
    • Large retail space: approximately 5,500 sq ft
    • Move‑in ready
    • Suitable for various businesses (e.g., dollar store)
    • High ceilings and well‑lit interior
    • Includes storage space and half bath

    Overview

    This spacious retail space, formerly an appliance store, is available for lease. Located in a strip mall with high traffic, the property offers approximately 5,500 square feet of space. The layout is predominantly retail space and includes one half bath and storage area. The space features high ceilings and good lighting. It is suitable for a dollar store or other retail businesses and is available for immediate move-in.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9932
    Latitude
    41.5488

    Nearby Similar for Lease

    • $2,000/Mo
      64,648 SF

      Waterbury Commercial Space for Rent

      1440 SF flex space in Waterbury, CT for $2,000/month.
      280 Chase River Road, Waterbury, CT 06704
      View Details
    • $2,000/Mo
      64,648 SF

      Waterbury Freight Terminal Cross Dock

      Freight terminal cross dock in Waterbury, IG zone.
      280 Chase River Road, Waterbury, CT 06704
      View Details
    • $4,500/Mo
      64,648 SF

      Waterbury Flex Warehouse Space

      3344 SF flex warehouse space for rent in Waterbury.
      280 Chase River Road, Waterbury, CT 06704
      View Details
    • $6,000/Mo
      5,000 SF

      Renovated Mixed-Use Space, Waterbury

      5000 SF renovated retail/office space in high-traffic Waterbury location.
      496 Chase Avenue, Waterbury, CT 06704
      View Details
    • $10 SF/Yr
      2,000 SF

      Waterbury Retail Space For Lease

      Highly visible 2,000 SF retail space in Waterbury.
      1387 watertown Ave 1, Waterbury, CT 06708
      View Details
    • $2,500/Mo
      1,200 SF

      Turnkey Luncheonette Opportunity

      Commercial unit for lease in Waterbury, CT, fully equipped.
      1622 Thomaston Ave, Waterbury, CT 06704
      View Details
    • $2,000/Mo
      1,700 SF

      Renovated Commercial Unit For Rent

      Recently renovated 1700 SF commercial unit with high visibility.
      1636 Baldwin St, Waterbury, CT 06706
      View Details
    • $1,200/Mo
      880 SF

      Downtown Office Space Available

      Bright, open office space in high-traffic downtown location.
      207 Bank Street, Waterbury, CT 06702
      View Details
    • $1,000/Mo

      Waterbury Commercial Space For Rent

      First-floor commercial space with high visibility and strong traffic.
      1017 W Main St 1L, Waterbury, CT 06708
      View Details
    • $6,000/Mo
      5,000 SF

      Renovated Retail/Office/Mixed-Use Space

      5000 sq ft renovated space in high-traffic Waterbury location.
      496 Chase Ave, Waterbury, CT 06704
      View Details
    • $1,200/Mo

      Downtown Office Space For Rent

      Bright, open office space in a high-traffic downtown location.
      207 Bank St, Waterbury, CT 06702
      View Details
    • $6,000/Mo
      5,000 SF

      Renovated Mixed-Use Property For Lease

      5000 sq ft renovated retail/office space in prime location.
      496 Chase Avenue, Waterbury, CT 06704
      View Details

    FAQs

    What type of property is this?
    Retail space - Large retail space in high-traffic location, ready for immediate occupancy.
    Where is this retail space located?
    The property is located at 1014 Meriden Road #Current Appliance Store Waterbury, CT.
    What is the lease rate?
    The lease rate is $5,950 /Mo.
    What are key features of this property?
    This property features: High‑traffic location in a strip mall; Large retail space: approximately 5,500 sq ft; Move‑in ready
    (203) 504-5005
    We can help!
    Listing Contact
    MEI LING CHEUNG
    Learn More
    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.
    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

    Thank You for Inquiry
    1014 Meriden Road #Current Appliance Store, Waterbury, CT 06705
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!