Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Restaurant Opportunity Near Industrial Park Title is generated by Realmo AI

    111 Rubber Ave, Naugatuck, CT 06770

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Restaurant property near new Chipotle and industrial development.

    Type:Restaurant
    Property size:
    1,777 SF
    Added:
    Apr 3, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 3 at 4:58 am

    Property Features for 111 Rubber Ave

    General Information

    Standard status
    Active
    Size
    1,777 SF
    Property subtype
    Restaurant

    We can help!

    Listing Contact
    Scott Woodard

    Listing agent Scott Woodard License #PA: RS329242

    Listing office Philadelphia Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Philadelphia Office

    HighLights

    • Located within one mile of a newly opened Chipotle.
    • Situated within three miles of a proposed 93,000 SF industrial development.
    • Development is within the Naugatuck Industrial Park.
    • Naugatuck Industrial Park already holds 49 different companies.
    • Reinforces national retailer confidence in the corridor.
    • 5.00%

    Overview

    This commercial real estate property, suitable for restaurants, is positioned within one mile of a newly opened Chipotle. The site is also within three miles of a proposed 93,000 square foot industrial development within the Naugatuck Industrial Park, which already houses 49 different companies. The property size is 1777 square feet.
    Location Intelligence

    Current Use by Public Records

    Popeyes Louisiana Kitchen Restaurant John's Pizza Restaurant Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Mario's Pizza Truck — 123 Cherry St #2, Naugatuck, CT 06770

    Location Insight

    • Map
    • Local Demand
    City
    Naugatuck
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0584476
    Latitude
    41.4870304

    Nearby Similar for Sale

    • $759,000
      5,191 SF

      Naugatuck Multifamily Investment Opportunity

      Three contiguous buildings in Naugatuck, Connecticut, with value-add potential.
      363-367 High Street, Naugatuck, CT 06770
      View Details
    • $599,000
      3,960 SF

      Mixed-Use Property in Naugatuck

      Established business with multiple income streams in a prime location.
      671 Rubber Avenue, Naugatuck, CT 06770
      View Details
    • $599,000
      2,640 SF

      Mixed-Use Property in Naugatuck

      Mixed-use property with retail and residential income in prime location.
      671 Rubber Avenue, Naugatuck, CT 06770
      View Details
    • $130,000
      750 SF

      Profitable Convenience Store in Naugatuck

      Established convenience store with high-traffic location and diverse product offerings.
      63 Rubber Avenue, Naugatuck, CT 06770
      View Details
    • $360,000
      2,705 SF

      Value-Add Multi-Unit Property

      Three residential units plus a first-floor office space create renovation and conversion opportunities for additional rental income.
      83 Meadow Street, Naugatuck, CT 06770
      View Details
    • $600,000
      3,240 SF

      Downtown Naugatuck Commercial Building

      3,240 sq ft commercial building in revitalized downtown Naugatuck.
      24 Cherry St, Naugatuck, CT 06770
      View Details
    • $475,000
      2,364 SF

      Naugatuck Multi-Family with Garage

      Well-maintained multi-family property with strong income potential and oversized garage.
      83-85 Ward Street, Naugatuck, CT 06770
      View Details
    • $600,000
      3,240 SF

      Downtown Naugatuck Commercial Building

      3,240 sq ft commercial building in revitalized downtown Naugatuck.
      24 Cherry Street, Naugatuck, CT 06770
      View Details
    • $365,000
      1,672 SF

      Naugatuck Multifamily Investment Opportunity

      Fully rented 2-family property with immediate revenue potential.
      111 Highland Avenue, Naugatuck, CT 06770
      View Details
    • $360,000

      Mixed-Use Residential with Office

      Three residential units plus a first-floor office offer a renovation-driven income opportunity with flexible future configuration potential.
      83 Meadow Street, Naugatuck, CT 06770
      View Details
    • $800,000
      5,974 SF

      Prime Commercial Space in Naugatuck

      Spacious commercial property in a high-traffic Naugatuck business district.
      159 Church Street, Naugatuck, CT 06770
      View Details
    • $425,000
      572 SF

      Naugatuck Ranch with Multi-Use Zoning

      4-acre ranch in Naugatuck, CT, with special zoning designation.
      848 New Haven Road, Naugatuck, CT 06770
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant property near new Chipotle and industrial development.
    Where is this restaurant located?
    The property is located at 111 Rubber Ave Naugatuck, CT.
    What are key features of this property?
    This property features: Located within one mile of a newly opened Chipotle.; Situated within three miles of a proposed 93,000 SF industrial development.; Development is within the Naugatuck Industrial Park.
    (215) 531-7058
    We can help!
    Listing Contact
    Scott Woodard
    Real Estate License ID: PA: RS329242
    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
    111 Rubber Ave, Naugatuck, CT 06770
    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!