Build-to-Suit Retail
New
For Sale
Contact for pricing
158 Waterbury Rd, Prospect, CT 06712
A flexible interior buildout can be completed by the owner or tenant, subject to approval and permitting.
Property Size1,140 SF
Price / SF$1.75
Days on Market7
Property Features for 158 Waterbury Rd
General Information
Standard status
Active
Size
1,140 SF
Building Details
Year Built
1940
Listing Agency:
Dave Jones Realty, LLC
Listed By:
Christina Coppola (203) 906-0990 (203) 758-0264
(203) 906-0990
Source:
Centralconnecticuthomefinder
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:25PM
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 Dave Jones Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,140-square-foot retail space at 158 Waterbury Road offers a build-to-suit format. The tenant may undertake approved improvements, with a rent-free period subject to negotiation and the scope of work, or the owner may complete an agreed buildout with its cost reflected in rent. Plans require landlord approval and applicable permits.
Route 69 carries approximately 8,400 vehicles per day past the property. The building dates to 1940. Potential uses identified for the space include retail, professional office, fitness, wellness, and creative uses, subject to zoning and approval. Smoke shops are not permitted.
Route 69 carries approximately 8,400 vehicles per day past the property. The building dates to 1940. Potential uses identified for the space include retail, professional office, fitness, wellness, and creative uses, subject to zoning and approval. Smoke shops are not permitted.
Key Highlights
- 1,140 square feet of retail space
- Buildout may be completed by the tenant or owner, subject to negotiation and approval
- Approximately 8,400 vehicles pass daily on Route 69
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,638
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,760
$192.8K
Cap Rate 7%
$137,686
$137.7K
Cap Rate 9%
$107,089
$107.1K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$15.0K $13.20/SF
− Vacancy
−$1.3K −$1.12/SF
EGI
$13.8K $12.08/SF
− OpEx
−$4.1K −$3.62/SF
NOI
$9.6K $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%
$192,760
Cap Rate 7%
$137,686
Cap Rate 9%
$107,089
Alternative Uses
Best Use
Retail
$137.7K
$120.5K – $160.6K
NOI $9,638 @ 7.0% cap · market cap 481.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.5K
$264.7K – $353.0K
NOI $21,177 @ 7.0% cap · market cap 1,058.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
202
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - A flexible interior buildout can be completed by the owner or tenant, subject to approval and permitting.
Where is this retail space located?
The property is located at 158 Waterbury Rd Prospect, CT.
What are key features of this property?
This property features: 1,140 square feet of retail space; Buildout may be completed by the tenant or owner, subject to negotiation and approval; Approximately 8,400 vehicles pass daily on Route 69
