Turnkey Commercial Plaza Investment
500 Bank St Waterbury, CT 06708
For Sale
$1,200,000
Fully leased 5-unit commercial plaza in high-traffic area.
Property Size6,582 SF
Price / SF$182.32
Days on Market92
Property Features for 500 Bank St
General Information
- Standard status
- Active
- Size
- 6,582 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1990
Listing Agency:
Rosana Melo Realty
(203) 545-1459
Listed By:
Rosania Melo · License #REB.0795867
(203) 545-1459
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 3:58AM
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 Rosana Melo Realty
Investment Insights
Based on property information with market context.
This 6,582 sq ft commercial building is a turnkey, income-producing property located in a prime, high-traffic area. The property features five fully leased units with established tenants, providing immediate and stable cash flow. The property is 100% occupied and has a strong 8% cap rate. There are 10 dedicated parking spaces. The location benefits from heavy foot and vehicle traffic and is surrounded by thriving local businesses, offering high visibility on busy Bank Street. The surrounding commercial activity keeps the area active and growing, making this an ideal addition to any investor's portfolio. The location has a walk score of 72, indicating it is very walkable, a bike score of 37, indicating it is somewhat bikeable, and a transit score of 39, indicating some transit options are available.
Key Highlights
- High 8% Cap Rate: Exceptional return on investment.
- Fully Leased with Established Tenants: Turnkey operation with 100% occupancy.
- Prime, High‑Traffic Location: Situated on busy Bank Street with excellent exposure.
Financial Insights For Retail
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 | $86.9k | $13.20 |
| − Vacancy | −$7.4k | −$1.12 |
| EGI | $79.5k | $12.08 |
| − OpEx | −$23.8k | −$3.62 |
| NOI | $55.6k | $8.45 |
6,582 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$795.0K
$695.6K – $927.5K
NOI $55,648 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,267 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sun Kee Kitchen
Restaurant
Anthony's Barber & Style ...
Barber Shop
Carousel Farms
Food Market
Sullivan's Discount Liquors
Specialty Food Shop
ADRIANA'S CAFE LLC
Restaurant
Similar Off Market Nearby
- Old but New — 233 Congress Ave #1, Waterbury, CT 06708
- 500 Bank Street Center — 500 Bank St, Waterbury, CT 06708
- One Exchange Place — 21 W Main St, Waterbury, CT 06702
- Tanya Clark — 64 e liberty st, waterbury, ct 06706
FAQs
What type of property is this?
Shopping center - Fully leased 5-unit commercial plaza in high-traffic area.
Where is this shopping center located?
The property is located at 500 Bank St Waterbury, CT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High 8% Cap Rate: Exceptional return on investment.; Fully Leased with Established Tenants: Turnkey operation with 100% occupancy.; Prime, High‑Traffic Location: Situated on busy Bank Street with excellent exposure.
