Medical Office
500 Chase Pkwy, Waterbury, CT 06708
For Sale
New
Contact for pricing
Multi-suite space offers elevator access and on-site parking for professional or medical office use.
Property Size3,535 SF
Price / SF$240.45
Days on Market5
Property Features for 500 Chase Pkwy
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Property Use
Listing Agency:
Godin Property Brokers
(203) 577-2277
Listed By:
Brian Godin
(203) 598-6873
Source:
Moodyscre
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 8 at 6:10AM
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 Godin Property Brokers
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Medical office space is configured as professional suites within a 3,535-square-foot property. The building has an elevator and parking for occupants and visitors.
The property at 500 Chase Pkwy in Waterbury, Connecticut, provides immediate access to I-84.
The property at 500 Chase Pkwy in Waterbury, Connecticut, provides immediate access to I-84.
Key Highlights
- 3,535 square feet of medical office space
- Configured for professional and medical office suites
- New elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,655
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$913,100
$913.1K
Cap Rate 7%
$652,214
$652.2K
Cap Rate 9%
$507,278
$507.3K
Market Conditions
NOI Build-Up for 3,535 SF
Gross rent
$74.2K $21.00/SF
− Vacancy
−$13.4K −$3.78/SF
EGI
$60.9K $17.22/SF
− OpEx
−$15.2K −$4.31/SF
NOI
$45.7K $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%
$913,100
Cap Rate 7%
$652,214
Cap Rate 9%
$507,278
Alternative Uses
Best Use
Office B
$652.2K
$570.7K – $760.9K
NOI $45,655 @ 7.0% cap · market cap 5.37%
Second Best
Healthcare Medical
$635.6K
$556.1K – $741.5K
NOI $44,490 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$938.1K
$820.8K – $1.09M
NOI $65,666 @ 7.0% cap · market cap 7.73%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06708, CT
30,345
Population
13,061
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
3,228
Density / Sq Mi
$63,705
Median Household Income
$40,515
Median Earnings
$1,275
Median Rent
$196,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in New Haven County, CT
Properties on Market for Medical Office Space in New Haven County
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Pet/Ct Imaging Center — Waterbury, CT 06708
Frequently Asked Questions
What type of property is this?
Medical Office Space - Multi-suite space offers elevator access and on-site parking for professional or medical office use.
Where is this medical office space located?
The property is located at 500 Chase Pkwy Waterbury, CT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,535 square feet of medical office space; Configured for professional and medical office suites; New elevator
