Multi-Use Building on Large
88 Mulloy Rd Waterbury, CT 06705
88 Mulloy Rd, Waterbury, CT, 06705
$595,000
For Sale
$595,000
Multi-use building with income potential and vehicle storage.
Property Size3,800 SF
Lot Size0.77 Acres
Price / SF$156.58
Days on Market129
Property Features for 88 Mulloy Rd
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Lot size
- 0.77 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing Agency
Weichert REALTORS Briotti Group
(203) 509-3194
Listed by
Stephen Briotti · License #REB.0789298
(203) 509-3194
Source
Elliman
Added: Mar 10 Checked: Jul 16 at 4:18 am
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 Weichert REALTORS Briotti Group
Investment Insights
Based on property information with market context.
This multi-use 3800 square foot building is situated on a 1.55 acre lot in a CA zone within Waterbury's East End. The property currently accommodates three businesses, all operating on month-to-month leases, generating approximately $56,000 in annual Net Operating Income. Additionally, there are two 400 square foot offices located on the upper level. The existing tenants have occupied the premises for several years. The property is suitable for a contractor requiring vehicle parking space and rental income. A used car dealership license is already in place. The acreage includes a .78 acre rear parcel suitable for vehicle storage. The location offers convenient highway access while maintaining privacy from residential areas.
Key Highlights
- Existing used car dealership license.
- High income producing property with $56,000 annual Net Operating Income.
- Large 1.55 acre lot with .78 acre rear parcel ideal for vehicle storage.
Local 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 | $79.8k | $21.00 |
| − Vacancy | −$14.4k | −$3.78 |
| EGI | $65.4k | $17.22 |
| − OpEx | −$16.4k | −$4.31 |
| NOI | $49.1k | $12.92 |
3,800 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$701.1K
$613.5K – $818.0K
NOI $49,077 @ 7.0% cap · market cap 8.25%
Second Best
Mixed Use
$659.6K
$577.1K – $769.5K
NOI $46,170 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$1.01M
$882.4K – $1.18M
NOI $70,589 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nutmeg Auto Body
Auto Repair Shop
B&M Autocare
Auto Repair Shop
Don's Marine Center
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Multi-use building with income potential and vehicle storage.
Where is this mixed-use property located?
The property is located at 88 Mulloy Rd Waterbury, CT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Existing used car dealership license.; High income producing property with $56,000 annual Net Operating Income.; Large 1.55 acre lot with .78 acre rear parcel ideal for vehicle storage.
