Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    628 New Haven Rd, Unit 7 Naugatuck, CT 06770

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,100 /Mo ($18 SF/Yr)

    700 SF retail/office space in a high-traffic area.

    Property size:
    700 SF
    Lot size:
    2.69 Acres

    Property Features for 628 New Haven Rd

    General Information

    Standard status
    Active
    Size
    700 SF
    Lot size
    2.69 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Sue Holway
    Source: Corcoran

    Listing Agency: SH Properties Listing Agent: Sue Holway

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail/Office Space in Busy Location

    This 700 square foot retail or office space is located in a busy area, potentially attracting new customers. Situated on the upper level in the back, the space features a reception area with a large counter measuring 11.9 feet by 19.3 feet, along with a half bath located behind the counter. The back workroom, office, or storage area measures 16.0 feet by 26.0 feet, offering flexibility for various uses, including classes. The space is move-in ready. There is a possibility to combine this unit with Unit #8 for those needing more space.
    Location Intelligence

    Current Use by Public Records

    Billy Ziegenbalg: Allstate ... Insurance Agency Great China Restaurant Action Jacksons Pizza ... Take-out & Catering Video Temptations Adult Dvd Store Tino's Cafe Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Naugatuck
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.04663
    Latitude
    41.4779786

    Nearby Similar for Lease

    • New
      $15 SF/Yr
      1,272 SF

      Naugatuck Office Space For Rent

      Versatile office space in a dynamic downtown location.
      175 Church St, Naugatuck, CT 06770
      View Details
    • New
      $1,100 /Mo
      700 SF

      Naugatuck Retail/Office Space Available

      700 SF retail/office space in a high-traffic Naugatuck location.
      628 New Haven Rd, Naugatuck, CT 06770
      View Details
    • New
      $1,400 /Mo
      960 SF

      Naugatuck Commercial Space For Lease

      Professional office/retail space available for lease in Naugatuck, CT.
      628 New Haven Rd, Naugatuck, CT 06770
      View Details
    • New
      $18 SF/Yr
      2,200 SF

      Naugatuck Commercial Storefront For Lease

      Prime commercial space in revitalizing downtown Naugatuck, excellent visibility.
      175 Church St, Naugatuck, CT 06770
      View Details
    • New
      $1,300 /Mo
      1,225 SF

      Naugatuck Commercial Space Available

      Multiple commercial spaces available for rent in Naugatuck, CT.
      1183 New Haven Rd, Naugatuck, CT 06770
      View Details
    • New
      $2,950 /Mo
      3,000 SF

      Naugatuck Office Space Available

      Office space for lease in professional building with ample parking.
      1183 New Hvn Rd Unit, Naugatuck, CT 06770
      View Details
    • $2,500 /Mo

      Downtown Naugatuck Retail/Office Space

      Retail or office space in revitalizing downtown Naugatuck.
      158 Church St, Naugatuck, CT 06770
      View Details
    • $15 SF/Yr
      1,272 SF

      Downtown Office Space For Rent

      1272 sq ft office space in downtown Naugatuck.
      175 Church St, Naugatuck, CT 06770
      View Details
    • $1,450 /Mo

      One Bedroom Apartment For Rent

      One-bedroom apartment with new appliances in a cul-de-sac location.
      35 Washington St, Naugatuck, CT 06770
      View Details
    • $1,950 /Mo

      Residential Income Property For Rent

      Multifamily property available for rent in Naugatuck, CT.
      55 Hoadley St, Naugatuck, CT 06770
      View Details
    • $2,150 /Mo

      Renovated Three-Bedroom Rental in Naugatuck

      Recently renovated three-bedroom rental with modern amenities and ample storage.
      211 Spencer St, Naugatuck, CT 06770
      View Details
    • $1,200 /Mo
      1,000 SF

      Naugatuck Retail/Office Space Available

      1000 sqft retail or office space for rent.
      18 Church St, Naugatuck, CT 06770
      View Details

    FAQs

    What type of property is this?
    Retail space - 700 SF retail/office space in a high-traffic area.
    Where is this retail space located?
    The property is located at 628 New Haven Rd, Unit 7 Naugatuck, CT.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location ideal for attracting new customers.; - Move-in ready condition for immediate occupancy.; - Flexible workroom/office/storage area suitable for various uses.
    (860) 601-8217
    Request Owner's contact information
    628 New Haven Rd, Unit 7 Naugatuck, CT 06770
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    628 New Haven Rd, Unit 7
    Naugatuck, CT 06770
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    628 New Haven Rd, Unit 7 Naugatuck, CT 06770
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sue Holway
    (860) 601-8217 (860) 483-3887
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!