Brand New Industrial
For Sale
Contact for pricing
239 Wolcott Rd, Wolcott, CT 06716
New industrial condominium with 16’ ceilings, oversized drive-in doors, and sealed epoxy floors.
Property Size9,000 SF
Price / SF$183.30
Days on Market153
Property Features for 239 Wolcott Rd
General Information
Standard status
Active
Size
9,000 SF
Property subtype
INDUSTRIAL
Additional Details
Clear Height
16 ft
Listing Agency:
Godin Property Brokers
(203) 577-2277
Listed By:
Brian Godin
(203) 598-6873
Source:
Moodyscre
Added: May 29
Changed: Oct 26
Last Checked: Oct 26 at 7:17PM
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 Godin Property Brokers
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Investment Insights
Based on property information with market context.
Brand new industrial condominium at Farmingbury Commons, offered for sale. The space features fully drywalled construction with sealed epoxy floors and 16’ ceilings. Loading is handled via automatic oversized drive-in doors sized 14’ x 12’. Front space includes upper windows, and second-floor office space is possible.
The property is located at 239 Wolcott Rd in Wolcott, Connecticut. This is a flex/industrial product built to support warehouse and light industrial uses within a condominium setup.
As presented, the improvements emphasize a finished, ready-for-occupancy interior with durable flooring and practical vehicle access for day-to-day operations.
The property is located at 239 Wolcott Rd in Wolcott, Connecticut. This is a flex/industrial product built to support warehouse and light industrial uses within a condominium setup.
As presented, the improvements emphasize a finished, ready-for-occupancy interior with durable flooring and practical vehicle access for day-to-day operations.
Key Highlights
- Brand new industrial condominiums (Farmingbury Commons)
- 16’ ceilings
- Automatic oversized drive‑in doors (14’ x 12’)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,211
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,044,220
$2.0M
Cap Rate 7%
$1,460,157
$1.5M
Cap Rate 9%
$1,135,678
$1.1M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$172.8K $19.20/SF
− Vacancy
−$15.6K −$1.73/SF
EGI
$157.2K $17.47/SF
− OpEx
−$55.0K −$6.12/SF
NOI
$102.2K $11.36/SF
Area
Waterbury, CT
Vacancy
9.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,044,220
Cap Rate 7%
$1,460,157
Cap Rate 9%
$1,135,678
Alternative Uses
Best Use
Flex RnD
$1.46M
$1.28M – $1.70M
NOI $102,211 @ 7.0% cap · market cap 6.20%
Second Best
Warehouse
$1.18M
$1.03M – $1.37M
NOI $82,413 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,184 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 06716, CT
15,996
Population
6,337
Households
2.5
Avg Household Size
46
Median Age
36%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
792
Density / Sq Mi
$114,529
Median Household Income
$56,463
Median Earnings
$1,650
Median Rent
$299,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Red Apple Catering — Garthwait Rd, Wolcott, CT 06716
Frequently Asked Questions
What type of property is this?
Flex space - New industrial condominium with 16’ ceilings, oversized drive-in doors, and sealed epoxy floors.
Where is this flex space located?
The property is located at 239 Wolcott Rd Wolcott, CT.
What is the asking price?
The asking price for this property is $1,649,700.
What are key features of this property?
This property features: Brand new industrial condominiums (Farmingbury Commons); 16’ ceilings; Automatic oversized drive‑in doors (14’ x 12’)
