Building Details

Year Built 1956

Listing Agency: Berkshire Hathaway NE Prop.

Listed By: Sylvia S. Russ (203) 808-5555 (203) 272-2828 Show Phone

Source: Sunsetcreekrealty

Added: Jul 23 Changed: Oct 1 Last Checked: Oct 14 at 11:27PM

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Investment Insights

Based on property information with market context.

Located at 452 Meadow Street in Waterbury, Connecticut, this flex space was built in 1956 and offers a continuous layout adaptable to several commercial operating needs. The configuration supports storage, equipment servicing, distribution, commercial office functions, and service-oriented businesses.

The property provides direct access to the I-84 and Route 8 corridors, supporting movement for transport vehicles, employees, and clients. Its Meadow Street setting adds convenient roadway connectivity for businesses requiring regional access.

Key Highlights

• Continuous flex‑space layout for varied commercial operations
• Supports warehouse, distribution, office, service, and light industrial uses
• Built in 1956

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,022

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,480,440 $1.5M

Cap Rate 7%

$1,057,457 $1.1M

Cap Rate 9%

$822,467 $822.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 9,566 SF

Gross rent

$112.5K $11.76/SF

− Vacancy

−$6.7K −$0.71/SF

EGI

$105.7K $11.05/SF

− OpEx

−$31.7K −$3.32/SF

NOI

$74.0K $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%

$1,480,440

Cap Rate 7%

$1,057,457

Cap Rate 9%

$822,467

Alternative Uses

Best Use

Flex RnD

$1.55M

$1.36M – $1.81M (±1% cap)

NOI $108,639 @ 7.0% cap · market cap 1,278.11%

Second Best

Warehouse

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,596 @ 7.0% cap · market cap 1,030.54%

Theoretical Best

Office A

$2.54M

$2.22M – $2.96M (±1% cap)

NOI $177,698 @ 7.0% cap · market cap 2,090.56%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Storage Facility Hotel & Motel Gym & Fitness Center HVAC Service

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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,609

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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 Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Continuous space supports warehouse, office, service, and light industrial functions.

Where is this flex space located?

The property is located at 452 Meadow St Waterbury, CT.

What are key features of this property?

This property features: Continuous flex‑space layout for varied commercial operations; Supports warehouse, distribution, office, service, and light industrial uses; Built in 1956