Building Details

Year built 1940

Listing Agency: Showcase Realty, Inc. m***@gmail.com Show Phone

Listed By: Vincent Devico · License #RES.0179650 Show Phone

Added: Jun 26 Changed: Oct 4 Last Checked: Oct 16 at 8:06AM

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MLS# 24187252

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 2,200-square-foot auto shop sits on a 0.25-acre parcel and includes two service bays and a bathroom. Constructed in 1940, the building is offered in its current as-is condition.

The property is located at 34 Judd Street in downtown Waterbury, with access to area highways. It carries CBD zoning and is served by public water.

Key Highlights

• 2,200‑square‑foot auto shop on a 0.25‑acre lot
• Two service bays with a bathroom
• CBD zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,024

Cap Rate

8.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$340,480 $340.5K

Cap Rate 7%

$243,200 $243.2K

Cap Rate 9%

$189,156 $189.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,200 SF

Gross rent

$25.9K $11.76/SF

− Vacancy

−$1.6K −$0.71/SF

EGI

$24.3K $11.05/SF

− OpEx

−$7.3K −$3.32/SF

NOI

$17.0K $7.74/SF

Area

Waterbury, CT

Vacancy

6.00%

Lease Rate

$11.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$340,480

Cap Rate 7%

$243,200

Cap Rate 9%

$189,156

Alternative Uses

Best Use

Retail

$265.7K

$232.5K – $310.0K (±1% cap)

NOI $18,600 @ 7.0% cap · market cap 9.30%

Second Best

Industrial

$243.2K

$212.8K – $283.7K (±1% cap)

NOI $17,024 @ 7.0% cap · market cap 8.52%

Theoretical Best

Office A

$583.8K

$510.8K – $681.1K (±1% cap)

NOI $40,867 @ 7.0% cap · market cap 20.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Inflate tires mobile (Bike/Boat/Book/etc) Store Best tire 24hr Auto Parts Store Best Auto 34 Auto Repair Shop Wilkins Motorsports Car Dealership Swan Mechanix LLC Auto Repair Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Locksmith Travel Agency Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Service bays

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,551

Businesses Nearby

141k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 55% Shops & Services 38% Hotels & Casinos 7%

McDonald's Dining

26,439 visits/mo 0.3 miles

Wendy's Dining

22,067 visits/mo 0.4 miles

Citgo Shops & Services

10,557 visits/mo 0.3 miles

Shell Shops & Services

10,549 visits/mo 0.3 miles

Courtyard by Marriott Waterbury Downtown Hotels & Casinos

9,566 visits/mo 0.5 miles

Demographics for 06702, CT

3,882

Population

1,910

Households

2

Avg Household Size

45

Median Age

8%

College-Educated

69%

High-School Grad

0.7 sq mi

ZIP Area

5,546

Density / Sq Mi

$16,198

Median Household Income

$15,833

Median Earnings

$720

Median Rent

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Auto shop - CBD-zoned garage property with public water and a bathroom.

Where is this auto shop located?

The property is located at 34 Judd Street Waterbury, CT.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: 2,200‑square‑foot auto shop on a 0.25‑acre lot; Two service bays with a bathroom; CBD zoning