Wolcott Commercial Building For
For Sale
Contact for pricing
1387 Meriden Rd, Wolcott, CT 06716
2,258 SF commercial building suitable for various business uses.
Property Size2,258 SF
Price / SF$214.79
Days on Market1061
Property Features for 1387 Meriden Rd
General Information
Standard status
Active
Size
2,258 SF
Property subtype
Retail
Zoning
CG
Building Details
Year Renovated
1980
Buildings
1
Stories
1
Listing Agency:
Commercial Connection Real Estate LLC
Listed By:
John Famiglietti · License #CT REB.0754759
(203) 596-7777
Source:
Crexi
Added: Nov 20, 2023
Changed: Oct 3
Last Checked: Oct 16 at 9:05AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 2,258 square foot commercial building is available for sale. The property benefits from a traffic count of 13,700 and 120 feet of frontage with two curb cuts. The site is suitable for a restaurant, medical office, daycare center, or retail establishment.
Key Highlights
- High traffic count: 13,700
- Versatile commercial building: Suitable for Restaurant, Medical, Daycare, or Retail
- 2,258 +/- SF Commercial Building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,090
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,800
$381.8K
Cap Rate 7%
$272,714
$272.7K
Cap Rate 9%
$212,111
$212.1K
Market Conditions
NOI Build-Up for 2,258 SF
Gross rent
$29.8K $13.20/SF
− Vacancy
−$2.5K −$1.12/SF
EGI
$27.3K $12.08/SF
− OpEx
−$8.2K −$3.62/SF
NOI
$19.1K $8.45/SF
Area
Waterbury, CT
Vacancy
8.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,800
Cap Rate 7%
$272,714
Cap Rate 9%
$212,111
Alternative Uses
Best Use
Retail
$272.7K
$238.6K – $318.2K
NOI $19,090 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$599.2K
$524.3K – $699.1K
NOI $41,945 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Dining 9%
Dollar General
Shops & Services
9,141 visits/mo
0.3 miles
SUBWAY
Dining
959 visits/mo
0.1 miles
Demographics for 06716, CT
15,996
Population
6,337
Households
2.5
Avg Household Size
46
Median Age
36%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
792
Density / Sq Mi
$114,529
Median Household Income
$56,463
Median Earnings
$1,650
Median Rent
$299,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - 2,258 SF commercial building suitable for various business uses.
Where is this retail space located?
The property is located at 1387 Meriden Rd Wolcott, CT.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: High traffic count: 13,700; Versatile commercial building: **Suitable for Restaurant, Medical, Daycare, or Retail**; 2,258 +/- SF Commercial Building
