Professional Office
For Sale
Contact for pricing
1389 W Main St Unit 306, Waterbury, CT 06708
Reception, three private offices, and a private bathroom support a range of professional uses.
Property Size409 SF
Price / SF$2.69
Days on Market182
Property Features for 1389 W Main St Unit 306
General Information
Standard status
Active
Size
409 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1964
Listing Agency:
YellowBrick Real Estate LLC
Listed By:
Maria M. Mercedes (203) 414-4793 (203) 445-6949
(203) 414-4793
Source:
Sunsetcreekrealty
Added: Apr 18
Changed: Oct 1
Last Checked: Oct 14 at 11:20PM
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 YellowBrick Real Estate LLC
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Investment Insights
Based on property information with market context.
Unit 306 is an office suite within a medical and professional office building at 1389 W Main St in Waterbury, Connecticut. Its layout includes a reception area, three private offices, and a private bathroom, providing a defined setup for professional operations. The property is suited to uses such as medical, legal, accounting, counseling, and other office-based practices.
Constructed in 1964, the building offers convenient access to major highways and parking for clients and staff. The suite provides an established office setting for an expanding practice or a new professional operation.
Constructed in 1964, the building offers convenient access to major highways and parking for clients and staff. The suite provides an established office setting for an expanding practice or a new professional operation.
Key Highlights
- Unit 306 at 1389 W Main St, Waterbury, CT 06708
- Reception area, three private offices, and private bathroom
- Located in a medical and professional office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,148
Suggested Prices Based on Cap Rates
Cap Rate 5%
$102,960
$103.0K
Cap Rate 7%
$73,543
$73.5K
Cap Rate 9%
$57,200
$57.2K
Market Conditions
NOI Build-Up for 409 SF
Gross rent
$9.3K $22.80/SF
− Vacancy
−$746 −$1.82/SF
EGI
$8.6K $20.98/SF
− OpEx
−$3.4K −$8.39/SF
NOI
$5.1K $12.59/SF
Area
Waterbury, CT
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$102,960
Cap Rate 7%
$73,543
Cap Rate 9%
$57,200
Alternative Uses
Best Use
Office B
$75.5K
$66.0K – $88.0K
NOI $5,282 @ 7.0% cap · market cap 480.18%
Second Best
Healthcare Medical
$73.5K
$64.4K – $85.8K
NOI $5,148 @ 7.0% cap · market cap 468.00%
Theoretical Best
Office A
$108.5K
$95.0K – $126.6K
NOI $7,598 @ 7.0% cap · market cap 690.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 06708, CT
30,345
Population
13,061
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
3,228
Density / Sq Mi
$63,705
Median Household Income
$40,515
Median Earnings
$1,275
Median Rent
$196,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Reception, three private offices, and a private bathroom support a range of professional uses.
Where is this office units located?
The property is located at 1389 W Main St Unit 306 Waterbury, CT.
What are key features of this property?
This property features: Unit 306 at 1389 W Main St, Waterbury, CT 06708; Reception area, three private offices, and private bathroom; Located in a medical and professional office building
