Waterbury Industrial Property For
For Sale
Contact for pricing
64 Avenue Of Industry, Waterbury, CT 06705
78,000 SF industrial property in Waterbury, CT. Fully occupied.
Property Size78,000 SF
Price / SF$109.55
Days on Market198
Property Features for 64 Avenue Of Industry
General Information
Standard status
Active
Size
78,000 SF
Property subtype
Office, Industrial
Zoning
IP
Net Operating Income
$539,000
Building Details
Year Built
1966
Year Renovated
2015
Units
2
Listing Agency:
Sentry Commercial
(860) 922-6481
Listed By:
Chris Duclos · License #CT RES.0801823
Source:
Crexi
Added: Feb 7
Changed: Aug 16
Last Checked: Aug 23 at 3:58AM
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 Sentry Commercial
Investment Insights
Based on property information with market context.
The property at 64 Avenue of Industry, Waterbury, CT, is a 78,000 square foot industrial property offered for sale. The property is fully occupied by long-term tenants. The projected 2025 Net Operating Income (NOI) for the property is estimated at $539,00.
Key Highlights
- Fully occupied industrial property with long‑term, reliable tenants
- Projected 2025 Net Operating Income (NOI) of $539,000
- Stable and lucrative investment opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$603,570
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,071,400
$12.1M
Cap Rate 7%
$8,622,429
$8.6M
Cap Rate 9%
$6,706,333
$6.7M
Market Conditions
NOI Build-Up for 78,000 SF
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.
Gross rent
$917.3K $11.76/SF
− Vacancy
−$55.0K −$0.71/SF
EGI
$862.2K $11.05/SF
− OpEx
−$258.7K −$3.32/SF
NOI
$603.6K $7.74/SF
Area
Waterbury, CT
Vacancy
6.00%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,071,400
Cap Rate 7%
$8,622,429
Cap Rate 9%
$6,706,333
Alternative Uses
Best Use
Office B
$14.39M
$12.59M – $16.79M
NOI $1,007,370 @ 7.0% cap · market cap 11.79%
Second Best
Industrial
$8.62M
$7.54M – $10.06M
NOI $603,570 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$20.70M
$18.11M – $24.15M
NOI $1,448,928 @ 7.0% cap · market cap 16.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Explore this area
Business Placement
Demographics for 06705, CT
27,197
Population
12,222
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
4,857
Density / Sq Mi
$53,169
Median Household Income
$41,327
Median Earnings
$1,165
Median Rent
$177,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - 78,000 SF industrial property in Waterbury, CT. Fully occupied.
Where is this industrial property located?
The property is located at 64 Avenue Of Industry Waterbury, CT.
What is the asking price?
The asking price for this property is $8,545,000.
What are key features of this property?
This property features: Fully occupied industrial property with long‑term, reliable tenants; Projected 2025 Net Operating Income (NOI) of $539,000; Stable and lucrative investment opportunity
