Industrial Tool Shop with
112 Porter Street Waterbury, CT 06708
New
For Sale
$500,000
Former tool shop offers office space and industrial area with multiple garage doors and updated building components.
Property Size3,483 SF
Price / SF$143.55
Days on Market4
Property Features for 112 Porter Street
General Information
- Standard status
- Active
- Size
- 3,483 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency:
Lamacchia Realty
(203) 879-2339
Listed By:
STEPHEN BRIOTTI · License #REB.0789298
Source:
Corcoran
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 25 at 2:31AM
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 Lamacchia Realty
Investment Insights
Based on property information with market context.
This former tool shop is offered in top condition inside and out and includes office space plus industrial space for day-to-day operations. The property features a newer gas furnace, newer windows and doors, and four overhead garage doors: two 8' doors and two 12' doors, supporting service and loading needs within the industrial area.
Located in Waterbury’s South Leonard area with easy highway access and close proximity to other established businesses, the site is positioned for convenient customer and operational access. The property is listed as IG zoned, which aligns with a range of industrial service uses.
The current configuration consists of approximately 974 square feet of office space and approximately 2,509 square feet of industrial space, providing a practical split between administrative work and shop/production functions.
Located in Waterbury’s South Leonard area with easy highway access and close proximity to other established businesses, the site is positioned for convenient customer and operational access. The property is listed as IG zoned, which aligns with a range of industrial service uses.
The current configuration consists of approximately 974 square feet of office space and approximately 2,509 square feet of industrial space, providing a practical split between administrative work and shop/production functions.
Key Highlights
- Former tool shop with 974 SF office space and 2,509 SF industrial space
- IG zoning—suitable for a range of uses including towing, oil delivery, plumbing, electrical, machine shop, or body shop
- Updated building components including newer windows and doors and a brand new gas furnace
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.1k | $21.00 |
| − Vacancy | −$13.2k | −$3.78 |
| EGI | $60.0k | $17.22 |
| − OpEx | −$15.0k | −$4.31 |
| NOI | $45.0k | $12.92 |
3,483 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$642.6K
$562.3K – $749.7K
NOI $44,983 @ 7.0% cap · market cap 9.00%
Second Best
Flex RnD
$565.1K
$494.5K – $659.3K
NOI $39,556 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$924.3K
$808.8K – $1.08M
NOI $64,700 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Classic Tool & Manufacturing ...
Industrial Manufacturer
Mathew Glass
Kitchen & Bath Showroom
Drumatic Manufacturing Co
Industrial Manufacturer
FAQs
What type of property is this?
Flex space - Former tool shop offers office space and industrial area with multiple garage doors and updated building components.
Where is this flex space located?
The property is located at 112 Porter Street Waterbury, CT.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Former tool shop with 974 SF office space and 2,509 SF industrial space; IG zoning—suitable for a range of uses including towing, oil delivery, plumbing, electrical, machine shop, or body shop; Updated building components including newer windows and doors and a brand new gas furnace
