510 Meriden Road, Waterbury, CT 06705
- Added:
- Mar 21, 2025
- Days on Market:
- 450
- Last Refresh:
- Jun 13 at 2:06 am
Property Features for 510 Meriden Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CG
- Standard status
- Pending
- Size
- 18,618 SF
- Lot size
- 2.95 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 21738
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1961
Listing agent Shelly Meister Zamudio (860) 655-3711
Listing office Realty 3 CT 276 N Main Street, Southington, CT (860) 621-7323
Listing date Mar 21, 2025
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Immediate Income Generation: Five fully rented buildings provide a stable income stream.
- Prime Location: Highly visible corner parcel on State Route 844 with excellent traffic flow.
- Generous Lot Size: 2.95 acres offer ample room for growth or future development.
- Versatile Zoning: CG (Commercial General) zoning allows for a wide range of commercial uses.
- Multiple Buildings/Tenants: Four buildings housing five tenants, diversifying income sources.
- Convenient Access: Accessible via State Route 844 and Woodland Avenue.
Overview
Local Financial Insights For Retail
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 | $245.8k | $13.20 |
| − Vacancy | −$20.9k | −$1.12 |
| EGI | $224.9k | $12.08 |
| − OpEx | −$67.5k | −$3.62 |
| NOI | $157.4k | $8.45 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- East Gate Plaza — 96 Store Ave, Waterbury, CT 06705
- Waterbury Plaza Shopping Center — Waterbury, CT 06704
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.001636
- Latitude
- 41.5516934
