Automotive Garage on East
For Sale
$450,000
1833 East Main St, Waterbury, CT 06705
Automotive service garage in Waterbury, currently leased.
Property Size3,228 SF
Price / SF$139.41
Days on Market215
Property Features for 1833 East Main St
General Information
Standard status
Active
Size
3,228 SF
Site & Location
Neighborhood
East End
Building Details
Year Built
1963
Listing Agency:
Don Orsini Realty, LLC
Listed By:
Donald Orsini · License #REB.0795103
(203) 525-5134
Source:
Homesbyshoshana
Added: Mar 26
Changed: Oct 26
Last Checked: Oct 7 at 3:22PM
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 Don Orsini Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,228 square foot automotive service garage is located on East Main Street in Waterbury. The property features 4 drive-in doors and is currently leased at $3,500 per month under a triple net lease agreement, with rent increases and a 5-year option. The property is described as being in perfect condition and situated in a desirable area, presenting a potential investment opportunity.
Key Highlights
- Prime location on East Main Street in a desirable area of Waterbury.
- Currently leased at $3,500 per month with rent bumps and a 5‑year option.
- Triple net lease in place.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,291
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,820
$545.8K
Cap Rate 7%
$389,871
$389.9K
Cap Rate 9%
$303,233
$303.2K
Market Conditions
NOI Build-Up for 3,228 SF
Gross rent
$42.6K $13.20/SF
− Vacancy
−$3.6K −$1.12/SF
EGI
$39.0K $12.08/SF
− OpEx
−$11.7K −$3.62/SF
NOI
$27.3K $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%
$545,820
Cap Rate 7%
$389,871
Cap Rate 9%
$303,233
Alternative Uses
Best Use
Retail
$389.9K
$341.1K – $454.9K
NOI $27,291 @ 7.0% cap · market cap 6.06%
Second Best
Industrial
$356.8K
$312.2K – $416.3K
NOI $24,979 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$856.6K
$749.5K – $999.4K
NOI $59,963 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
36k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Gulf Oil
Shops & Services
10,226 visits/mo
0.3 miles
Citgo
Shops & Services
9,840 visits/mo
0.3 miles
Domino's Pizza
Dining
4,897 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,339 visits/mo
0.4 miles
Santander Bank
Shops & Services
4,114 visits/mo
0.3 miles
Demographics for 06705, CT
27,197
Population
12,222
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
4,857
Density / Sq Mi
$53,169
Median Household Income
$41,327
Median Earnings
$1,165
Median Rent
$177,700
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
Similar Off Market Nearby
- 4Given Transport & Road Assistance LLC. — 184 Kukas Ln #2, Waterbury, CT 06705
- BJ's Wholesale Club — 344 Reidville Dr, Waterbury, CT 06705
- East End Auto Repair & Sales LLC — 2505 E Main St, Waterbury, CT 06705
- Waterbury Auto Glass LLC — 2528 E Main St, Waterbury, CT 06705
- E Harbor Petroleum Ltd — 1485 E Main St, Waterbury, CT 06705
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service garage in Waterbury, currently leased.
Where is this auto shop located?
The property is located at 1833 East Main St Waterbury, CT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime location on East Main Street in a desirable area of Waterbury.; Currently leased at $3,500 per month with rent bumps and a 5‑year option.; Triple net lease in place.
