Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Building with Mixed-Use Potential Title is generated by Realmo AI

    195 Freight St, Waterbury, CT 06702

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    33,010 SF commercial building suitable for various uses.

    Type:Industrial, Mixed Use, Retail
    Property size:
    33,010 SF
    Lot size:
    1.82 Acres
    Price / SF:
    $49/SF
    Added:
    Jan 28, 2026
    Days on Market:
    109
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 195 Freight St

    General Information

    Standard status
    Active
    Size
    33,010 SF
    Lot size
    1.82 Acres
    Property subtype
    Industrial, Mixed Use, Retail

    Building Details

    Year Built
    1948

    We can help!

    Listing Contact
    John Famiglietti
    John Famiglietti

    Listing agent John Famiglietti License #CT REB.0754759

    Listing office Commercial Connection Real Estate LLC

    Listing date Jan 28, 2026

    Source Crexi

    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

    HighLights

    • 33,010 SF Commercial Building
    • Zoned CBD (Central Business District)
    • Situated on 1.82 Acres
    • All Dock Height
    • Includes a 16,000 SF Former Entertainment Venue
    • Also features a 6,167 SF Former Butcher Shop

    Overview

    A 33,010 square foot commercial building is available for sale. The property includes a 6,167 square foot former butcher shop, a 16,000 square foot former entertainment venue, and a 12,104 square foot warehouse. The whole building can be opened up and features dock height access. The property is located in a CBD zone and occupies 1.82 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterbury Portable Toilet ... Building Supply Soirée Nightclub Nightclub Elite 23 Social ... Community Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0492935
    Latitude
    41.5531304

    Nearby Similar for Sale

    • $765,000
      5,200 SF

      Waterbury Multifamily Investment Opportunity

      Six-unit multifamily property in Waterbury, Connecticut, with strong rental potential.
      38 Green Street, Waterbury, CT 06708
      View Details
    • $599,900
      3,754 SF

      Permitted Rooming House with Garage

      Fully occupied 14-unit rooming house with a five-bay garage.
      34 Mitchell Avenue, Waterbury, CT 06710
      View Details
    • $455,000
      2,860 SF

      Well-Maintained Multifamily Home

      Excellent investment opportunity in a sought-after location.
      2784 E Main Street, Waterbury, CT 06705
      View Details
    • $1,100,000
      15,974 SF

      Retail Shopping Center Strip Mall

      Retail strip mall with stores and rentable lower level.
      1014 Meriden Road, Waterbury, CT 06705
      View Details
    • $419,900
      3,896 SF

      Waterbury Three-Family Home For Sale

      Three-family home in Waterbury with updated features and income potential.
      155 Sylvan Avenue, Waterbury, CT 06706
      View Details
    • $399,000
      2,588 SF

      Renovated Triplex Investment Opportunity

      Renovated three-family property with income potential in Waterbury, CT.
      27 Beacon Street, Waterbury, CT 06704
      View Details
    • $319,900
      2,520 SF

      Well-Maintained Two-Family Property

      Two-family property with income potential and owner-occupant opportunity.
      28 Platt Street, Waterbury, CT 06704
      View Details
    • $299,900
      3,909 SF

      Spacious Two-Family Corner Lot

      Restoration opportunity on a spacious corner lot.
      76 Chapman Avenue, Waterbury, CT 06710
      View Details
    • $4,750,000
      93,086 SF

      Institutional Building in Waterbury, CT

      93,000 SF building suitable for redevelopment or adaptive reuse.
      44 Abbott Terrace, Waterbury, CT 06702
      View Details
    • $750,000
      6,836 SF

      Waterbury Multi-Unit Investment Opportunity

      Well-maintained multi-unit property with income potential in a strong rental market.
      121 Lounsbury Street, Waterbury, CT 06706
      View Details
    • $525,000
      2,938 SF

      Well-Maintained Multifamily Property

      Income-generating three-family home near highway, shopping, and schools.
      41 Diane Terrace, Waterbury, CT 06705
      View Details
    • $499,000
      2,795 SF

      Income-Producing Multifamily Property

      Three-unit multifamily property with positive cash flow potential.
      23 Beacon Street, Waterbury, CT 06704
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 33,010 SF commercial building suitable for various uses.
    Where is this mixed-use property located?
    The property is located at 195 Freight St Waterbury, CT.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: 33,010 SF Commercial Building; Zoned CBD (Central Business District); Situated on 1.82 Acres
    (203) 596-7777 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Famiglietti
    John Famiglietti
    Real Estate License ID: CT REB.0754759
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    195 Freight St, Waterbury, CT 06702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!