Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1622 Thomaston Ave Waterbury, CT 06704

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $65,000

    Breakfast/lunch restaurant for sale, renovated in August 2023.

    Property size:
    1,300 SF
    Lot size:
    0.34 Acres

    Property Features for 1622 Thomaston Ave

    General Information

    Size
    1,300 SF
    Lot size
    0.34 Acres

    We can help!

    Listing Contact
    Michael Grieder
    Michael Grieder
    Source: Moodyscre

    Listing Agent: Michael Grieder

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

    Learn more

    Property Insight Report

    Overview

    Turnkey Restaurant Opportunity

    This is a breakfast and lunch restaurant for sale, having undergone a complete renovation in August 2023. The property encompasses approximately 1,300 square feet. All equipment and proprietary information are included in the sale. Inventory will be sold separately. The property is located on Thomaston Ave in Waterbury, CT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rich's Eggspress Breakfast Restaurant Giovanni's Pizza Ristorante, ... Italian Restaurant Maja’s diner Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0516337
    Latitude
    41.5897442

    Nearby Similar for Sale

    • New
      $450,000
      4,365 SF

      Mixed-Use Property in Downtown Waterbury

      Mixed-use property with office space and residential units in Waterbury.
      21 Holmes Ave, Waterbury, CT 06710
      View Details
    • $475,000
      2,704 SF

      Mixed-Use Retail & Apartment Building

      Mixed-use building with retail space and apartment in Waterbury.
      151 Highland Ave, Waterbury, CT 06708
      View Details
    • New
      $689,900
      3,761 SF

      Renovated Three-Family Home, Turn-Key Ready

      Fully renovated three-family home with new systems and modern amenities.
      54 Plaza Ave, Waterbury, CT 06710
      View Details
    • $499,000
      2,418 SF

      Well-Kept Duplex in Waterbury

      Duplex with 3-bedroom units, garages, and convenient location.
      34 Katie Ln, Waterbury, CT 06708
      View Details
    • $450,000
      2,450 SF

      Mixed-Use Property in Waterbury, CT

      Four-unit mixed-use property with commercial space and residential units.
      210 Bishop St, Waterbury, CT 06704
      View Details
    • $300,000
      5,751 SF

      Versatile Commercial Building in Waterbury

      Downtown commercial/retail opportunity with office space and warehouse potential.
      18 Brown St, Waterbury, CT 06702
      View Details
    • $699,900
      2,345 SF

      Middlebury Four-Unit Investment Opportunity

      Four units in Middlebury, CT with low vacancy and prime location.
      10 Old Waterbury Rd, Middlebury, CT 06762
      View Details
    • $595,000
      4,800 SF

      Waterbury Commercial Property on Large Lot

      Multi-use building on 0.77-acre lot with existing tenants.
      88 Mulloy Rd, Waterbury, CT 06705
      View Details
    • $2,250,000
      13,878 SF

      Wolcott Retail Property For Sale

      Retail property in high-traffic area with long-term tenants.
      1457 Meriden Rd, Wolcott, CT 06716
      View Details
    • $225,000
      1,680 SF

      Two-Family Property Renovation Opportunity

      Two-family property in Waterbury, CT, ideal for renovation.
      360 Mill St, Waterbury, CT 06706
      View Details
    • $289,900

      Established Optometric Practice For Sale

      Turn-key optometric practice with loyal patient base in Wolcott, CT.
      464 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $389,900
      1,580 SF

      Waterbury Multi-Family Home with Garages

      Two-unit property with detached garages in convenient location.
      145 Seymour St, Waterbury, CT 06708
      View Details

    FAQs

    What type of property is this?
    Breakfast & diner - Breakfast/lunch restaurant for sale, renovated in August 2023.
    Where is this breakfast & diner located?
    The property is located at 1622 Thomaston Ave Waterbury, CT.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: - Complete renovation August 2023; - All equipment & proprietary info included; - Breakfast / lunch restaurant for sale
    (203) 577-2277
    Request Owner's contact information
    1622 Thomaston Ave Waterbury, CT 06704
    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.
    1622 Thomaston Ave
    Waterbury, CT 06704
    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
    1622 Thomaston Ave Waterbury, CT 06704
    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
    Michael Grieder
    Michael Grieder
    Real Estate License ID: RES.0804179
    (203) 577-2277
    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.