485 & 497 Watertown Ave, Waterbury, CT 06708
Recently constructed retail/office strip center available for purchase.
- Added:
- Nov 29, 2018
- Days on Market:
- 2777
- Last Refresh:
- Jun 27 at 8:46 pm
Property Features for 485 & 497 Watertown Ave
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2009
Listing office Drubner Commercial Real Estate Services (203) 753-4116
Listing date Nov 29, 2018
Source Crexi
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 Drubner Commercial Real Estate Services
HighLights
- Recently Constructed
- Retail / Office Strip Center
- Built in 2009
- Taxes = $4.72 PSF
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.2k | $21.00 |
| − Vacancy | −$19.7k | −$3.78 |
| EGI | $89.5k | $17.22 |
| − OpEx | −$22.4k | −$4.31 |
| NOI | $67.2k | $12.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0603935
- Latitude
- 41.5659793
