20,000 SF High Bay
185 Interstate Ln Waterbury, CT
For Sale
Contact for pricing
Freestanding warehouse/manufacturing facility on 3.5 acres.
Property Size20,000 SF
Lot Size3.69 Acres
Price / SF$84.75
Days on Market862
Property Features for 185 Interstate Ln
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 3.69 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Edward J. Goodin
(916) 366-1232
Listed By:
Ed Goodin
(916) 366-1232
Source:
Moodyscre
Added: Mar 15, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:23AM
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 Edward J. Goodin
Investment Insights
Based on property information with market context.
This freestanding 20,000 square foot high bay warehouse and manufacturing facility is situated on 3.5 acres within a business park. The property is available for sale.
Key Highlights
- Freestanding 20,000 s/f high bay warehouse/manufacturing facility
- Located on 3.5 acres
- Great business park location
Financial Insights For Industrial
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 | $235.2k | $11.76 |
| − Vacancy | −$14.1k | −$0.71 |
| EGI | $221.1k | $11.05 |
| − OpEx | −$66.3k | −$3.32 |
| NOI | $154.8k | $7.74 |
20,000 SF · lease $11.76/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$2.62M
$2.29M – $3.05M
NOI $183,141 @ 7.0% cap · market cap 10.80%
Second Best
Industrial
$2.21M
$1.93M – $2.58M
NOI $154,762 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$5.31M
$4.64M – $6.19M
NOI $371,520 @ 7.0% cap · market cap 21.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Joma Inc
Industrial Manufacturer
Similar Off Market Nearby
- Storage Rentals of America — 2454 E Main St, Waterbury, CT 06705
- Public Storage — 76 Captain Neville Dr, Waterbury, CT 06705
FAQs
What type of property is this?
Warehouse - Freestanding warehouse/manufacturing facility on 3.5 acres.
Where is this warehouse located?
The property is located at 185 Interstate Ln Waterbury, CT.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Freestanding 20,000 s/f high bay warehouse/manufacturing facility; Located on 3.5 acres; Great business park location
