Two-Unit Office
For Sale
Contact for pricing
509 Wolcott Rd, Wolcott, CT 06716
Main-level suites include additional lower-level space near a signalized commercial corridor.
Property Size3,260 SF
Price / SF$182.52
Days on Market507
Property Features for 509 Wolcott Rd
General Information
Standard status
Active
Size
3,260 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Listing Agency:
Matthews Commercial Properties
(203) 753-5800
Listed By:
Gerry Matthews · License #REB.0754503
(203) 509-9512
Source:
Moodyscre
Added: May 28, 2025
Changed: Oct 3
Last Checked: Oct 15 at 12:44AM
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 Matthews Commercial Properties
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Investment Insights
Based on property information with market context.
This 3,260-square-foot office property features two units on the main level along with additional space below grade. The configuration supports medical office, retail, and professional-service uses, providing separate areas for occupants or business functions.
The property is located at 509 Wolcott Rd on a major road with a traffic light, offering direct access within an established commercial and medical area. Its combination of main-level suites and lower-level space provides a practical framework for office users seeking room for operations, storage, or further customization.
The property is located at 509 Wolcott Rd on a major road with a traffic light, offering direct access within an established commercial and medical area. Its combination of main-level suites and lower-level space provides a practical framework for office users seeking room for operations, storage, or further customization.
Key Highlights
- 3,260‑square‑foot office property
- Two‑unit layout on the main level
- Additional lower‑level space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,103
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,060
$842.1K
Cap Rate 7%
$601,471
$601.5K
Cap Rate 9%
$467,811
$467.8K
Market Conditions
NOI Build-Up for 3,260 SF
Gross rent
$68.5K $21.00/SF
− Vacancy
−$12.3K −$3.78/SF
EGI
$56.1K $17.22/SF
− OpEx
−$14.0K −$4.31/SF
NOI
$42.1K $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%
$842,060
Cap Rate 7%
$601,471
Cap Rate 9%
$467,811
Alternative Uses
Best Use
Office B
$601.5K
$526.3K – $701.7K
NOI $42,103 @ 7.0% cap · market cap 7.08%
Second Best
Healthcare Medical
$586.1K
$512.9K – $683.8K
NOI $41,029 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$865.1K
$757.0K – $1.01M
NOI $60,558 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 06716, CT
15,996
Population
6,337
Households
2.5
Avg Household Size
46
Median Age
36%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
792
Density / Sq Mi
$114,529
Median Household Income
$56,463
Median Earnings
$1,650
Median Rent
$299,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Main-level suites include additional lower-level space near a signalized commercial corridor.
Where is this office units located?
The property is located at 509 Wolcott Rd Wolcott, CT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,260‑square‑foot office property; Two‑unit layout on the main level; Additional lower‑level space
