Three-Room Office
37 Waterbury Rd, Prospect, CT 06712
For Sale
Contact for pricing
A private restroom and dedicated entrance provide separation from other occupants.
Property Size700 SF
Price / SF$1.43
Days on Market65
Property Features for 37 Waterbury Rd
General Information
Standard status
Size
Additional Details
Floor
Property Use
Amenities
private restroom
separate private entrance
Building Details
Year Built
Listing Agency:
Witkoski Associates, LLC.
Listed By:
Kimberly R. Gallo
(203) 217-0256
Source:
Ctshorelinehomesforsale
Added: Sep 6
Changed: Nov 8
Last Checked: Nov 8 at 6:48AM
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 Witkoski Associates, LLC.
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Investment Insights
Based on property information with market context.
This second-floor office suite contains approximately 700 square feet arranged in three separate rooms. A private restroom and its own entrance add separation and convenience to the layout.
The property is at 37 Waterbury Rd in Prospect, near local businesses, shops, restaurants, and town amenities.
The property is at 37 Waterbury Rd in Prospect, near local businesses, shops, restaurants, and town amenities.
Key Highlights
- Approximately 700 square feet on the second floor
- Three separate rooms
- Private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,041
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,820
$180.8K
Cap Rate 7%
$129,157
$129.2K
Cap Rate 9%
$100,456
$100.5K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$14.7K $21.00/SF
− Vacancy
−$2.6K −$3.78/SF
EGI
$12.1K $17.22/SF
− OpEx
−$3.0K −$4.31/SF
NOI
$9.0K $12.92/SF
Area
Waterbury, CT
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,820
Cap Rate 7%
$129,157
Cap Rate 9%
$100,456
Alternative Uses
Best Use
Office B
$129.2K
$113.0K – $150.7K
NOI $9,041 @ 7.0% cap · market cap 904.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$185.8K
$162.5K – $216.7K
NOI $13,003 @ 7.0% cap · market cap 1,300.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
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Business Placement
Demographics for 06712, CT
9,344
Population
3,546
Households
2.6
Avg Household Size
47
Median Age
37%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
658
Density / Sq Mi
$125,556
Median Household Income
$70,658
Median Earnings
$1,888
Median Rent
$350,700
Median Home Value
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Market
Average Price Trend$/SF for Office Units in New Haven County, CT
Properties on Market for Office Units in New Haven County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A private restroom and dedicated entrance provide separation from other occupants.
Where is this office unit located?
The property is located at 37 Waterbury Rd Prospect, CT.
What are key features of this property?
This property features: Approximately 700 square feet on the second floor; Three separate rooms; Private restroom
