Three-Office Second-Floor
44 Waterbury Rd, Prospect, CT 06712
For Sale
Contact for pricing
Modified-gross occupancy includes tenant-paid utilities and a pro-rata share of winter snow-plowing costs.
Property Size900 SF
Price / SF$0.83
Days on Market12
Property Features for 44 Waterbury Rd
General Information
Standard status
Size
Additional Details
Floor
Road Access
Office Units
Tenant in Place
Property Use
Amenities
signage opportunity
Building Details
Year Built
Tenancy
Listing Agency:
MAG Investments LLC
Listed By:
Michael Guastaferri · License CT REB.0791907
(203) 233-0017
Source:
Fairfieldcounty-properties
Added: Nov 3
Changed: Nov 10
Last Checked: Nov 10 at 2:32PM
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 MAG Investments LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 900-square-foot office suite occupies the second floor and is arranged with three private offices, a waiting area, an en-suite bathroom, and storage. The building dates to 1958. The lease is modified gross, with the tenant responsible for utilities and a pro-rata share of snow plowing when needed during winter.
The property is along Route 69 and provides on-site parking. Signage is available at the property.
The property is along Route 69 and provides on-site parking. Signage is available at the property.
Key Highlights
- 900 SF second‑floor office suite
- Three offices, waiting area, en‑suite bathroom, and storage
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,624
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,480
$232.5K
Cap Rate 7%
$166,057
$166.1K
Cap Rate 9%
$129,156
$129.2K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$18.9K $21.00/SF
− Vacancy
−$3.4K −$3.78/SF
EGI
$15.5K $17.22/SF
− OpEx
−$3.9K −$4.31/SF
NOI
$11.6K $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%
$232,480
Cap Rate 7%
$166,057
Cap Rate 9%
$129,156
Alternative Uses
Best Use
Office B
$166.1K
$145.3K – $193.7K
NOI $11,624 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$238.8K
$209.0K – $278.6K
NOI $16,718 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
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
$350,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Modified-gross occupancy includes tenant-paid utilities and a pro-rata share of winter snow-plowing costs.
Where is this office unit located?
The property is located at 44 Waterbury Rd Prospect, CT.
What are key features of this property?
This property features: 900 SF second‑floor office suite; Three offices, waiting area, en‑suite bathroom, and storage; On‑site parking
