Industrial Property with Vacant
123 UNION CITY RD, Prospect, CT 06712
For Sale
Contact for pricing
A vacant portion of the building is available for a user or tenant.
Property Size25,283 SF
Price / SF$126.57
Days on Market12
Property Features for 123 UNION CITY RD
General Information
Standard status
Size
Property subtype
Listing Agency:
Commercial Connection Real Estate LLC
Listed By:
John Famiglietti · License CT REB.0754759
(203) 596-7777
Source:
Crexi
Added: Oct 30
Changed: Nov 9
Last Checked: Nov 10 at 8:16AM
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 Commercial Connection Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property contains 25,283 square feet, including a 10,000-square-foot vacant area available for occupancy. The available space may suit a user seeking industrial premises or a tenant looking to lease space within the property.
Key Highlights
- 25,283 SF industrial property
- 10,000 SF vacant space available for a user or tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$195,642
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,912,840
$3.9M
Cap Rate 7%
$2,794,886
$2.8M
Cap Rate 9%
$2,173,800
$2.2M
Market Conditions
NOI Build-Up for 25,283 SF
Gross rent
$297.3K $11.76/SF
− Vacancy
−$17.8K −$0.71/SF
EGI
$279.5K $11.05/SF
− OpEx
−$83.8K −$3.32/SF
NOI
$195.6K $7.74/SF
Area
Waterbury, CT
Vacancy
6.00%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,912,840
Cap Rate 7%
$2,794,886
Cap Rate 9%
$2,173,800
Alternative Uses
Best Use
Industrial
$2.79M
$2.45M – $3.26M
NOI $195,642 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.71M
$5.87M – $7.83M
NOI $469,657 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Explore this area
Business Placement
Demographics for 06712, CT
9,344
Population
3,546
Households
2.6
Avg Household Size
47
Median Age
37%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
658
Density / Sq Mi
$125,556
Median Household Income
$70,658
Median Earnings
$1,888
Median Rent
$350,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Industrial properties in New Haven County, CT
Properties on Market for Industrial properties in New Haven County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - A vacant portion of the building is available for a user or tenant.
Where is this industrial property located?
The property is located at 123 UNION CITY RD Prospect, CT.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 25,283 SF industrial property; 10,000 SF vacant space available for a user or tenant
