Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    1014 Meriden Rd #Current Waterbury, CT 06705

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,950 /Mo ($12 SF/Yr)

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

    Property size:
    5,500 SF
    Lot size:
    0.75 Acres

    Property Features for 1014 Meriden Rd #Current

    General Information

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

    Building Details

    Year built
    1978

    We can help!

    Listing Contact
    MEI LING CHEUNG
    Source: Corcoran

    Listing Agency: BHGRE Shore & Country Listing Agent: MEI LING CHEUNG

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

    Learn more

    Overview

    Spacious Retail Space Available Now

    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

    Top Kat Super ... Laundromat Xhei’s social club Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9932
    Latitude
    41.5488

    Nearby Similar for Lease

    • $2,250 /Mo
      Pending

      Versatile Commercial Space on Waterbury Road

      1600 sq ft commercial space suitable for retail or office.
      101 Waterbury Rd, Prospect, CT 06712
      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
    • New
      $1,600 /Mo
      1,700 SF

      Renovated Commercial Unit For Lease

      Recently renovated 1700 SF commercial unit with high visibility.
      1636 Baldwin St, Waterbury, CT 06706
      View Details
    • New
      $2,000 /Mo
      1,700 SF

      Renovated Commercial Unit For Lease

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

      Downtown Waterbury Commercial Space

      Versatile 880 SF office space in high-traffic downtown location.
      207 Bank St, Waterbury, CT 06702
      View Details
    • $12 SF/Yr
      9,186 SF

      Wolcott Commercial Office Space Available

      Commercial office space for lease along Route 69 corridor.
      382 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $5,950 /Mo
      5,500 SF

      Spacious Retail Space Available

      5,500 SF retail space in high-traffic Waterbury location.
      1014 Meriden Rd, Waterbury, CT 06705
      View Details
    • $2,000 /Mo
      1,583 SF

      Charming Office Space in Prospect

      Professional office space with prime visibility on Waterbury Road.
      31 Waterbury Rd, Prospect, CT 06712
      View Details
    • $1,600 /Mo
      1,100 SF

      Prime Commercial Space in Waterbury

      Updated, turnkey retail/office space in high-traffic area. 1,100 sq. ft.
      1015 Meriden Rd, Waterbury, CT 06705
      View Details
    • $2,400 /Mo
      2,200 SF

      Adaptable Commercial Space Available Now

      Spacious commercial suite with flexible layout, utilities included, ample parking.
      158 Waterbury Rd, Prospect, CT 06712
      View Details
    • $2,300 /Mo
      1,700 SF

      Wolcott Road Medical Office Space

      Medical office space for lease in well-maintained Wolcott complex.
      464 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $1,800 /Mo
      2,000 SF

      Prime Medical Office Space Available

      First-floor, 2000 sq. ft. office space for rent.
      464 Wolcott Rd, Wolcott, CT 06716
      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 Rd #Current Waterbury, CT.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    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
    Request Owner's contact information
    1014 Meriden Rd #Current Waterbury, CT 06705
    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.
    1014 Meriden Rd #Current
    Waterbury, CT 06705
    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
    1014 Meriden Rd #Current Waterbury, CT 06705
    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

    We can help!
    Listing Contact
    MEI LING CHEUNG
    (203) 504-5005
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.