Five-Storefront Mixed-Use
New
For Sale
$1,500,000
69 Meriden Road, Waterbury, CT 06705
Mixed-use building with multiple business spaces, off-street parking, and CA zoning along a visible commercial corridor.
Property Size1,960 SF
Price / SF$312.50
Days on Market5
Property Features for 69 Meriden Road
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
off-street parking
central air conditioning
central heat
supplemental mini-split systems
new roof
Building Details
Building Size
1,960 SF
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
Mapleridge Realty
Listed By:
Miguel Rosado · License #RES.0814850
(203) 206-4684
Source:
Iverty
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 18 at 7:21AM
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 Mapleridge Realty
Investment Insights
Based on property information with market context.
Located at 69 Meriden Road in Waterbury, this approximately 4,800-square-foot mixed-use property combines office and retail space across five separate storefronts. The layout supports distinct business areas within one building, with central air conditioning, central heat, and supplemental mini-split systems. Off-street parking is also provided.
The property sits along Meriden Road with direct exposure to the surrounding commercial corridor and convenient access to I-84. Built in 1960, the building received a new roof in 2020. CA zoning and the multi-storefront configuration provide a defined framework for the property’s commercial use.
The property sits along Meriden Road with direct exposure to the surrounding commercial corridor and convenient access to I-84. Built in 1960, the building received a new roof in 2020. CA zoning and the multi-storefront configuration provide a defined framework for the property’s commercial use.
Key Highlights
- Approximately 4,800 square feet of mixed‑use office and retail space
- Five separate storefronts within one building
- CA zoning designation
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
$58,320
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
3.89%
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%
$1,166,400
$1.2M
Cap Rate 7%
$833,143
$833.1K
Cap Rate 9%
$648,000
$648.0K
Market Conditions
NOI Build-Up for 4,800 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
$103.7K $21.60/SF
− Vacancy
−$10.4K −$2.16/SF
EGI
$93.3K $19.44/SF
− OpEx
−$35.0K −$7.29/SF
NOI
$58.3K $12.15/SF
Area
Waterbury, CT
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,166,400
Cap Rate 7%
$833,143
Cap Rate 9%
$648,000
Alternative Uses
Best Use
Mixed Use
$833.1K
$729.0K – $972.0K
NOI $58,320 @ 7.0% cap · market cap 3.89%
Second Best
Retail
$579.7K
$507.3K – $676.4K
NOI $40,582 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,165 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Gulf Oil
Shops & Services
10,226 visits/mo
0.1 miles
Citgo
Shops & Services
9,840 visits/mo
0.2 miles
Domino's Pizza
Dining
4,897 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,339 visits/mo
0.4 miles
Santander Bank
Shops & Services
4,114 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with multiple business spaces, off-street parking, and CA zoning along a visible commercial corridor.
Where is this mixed-use property located?
The property is located at 69 Meriden Road Waterbury, CT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 4,800 square feet of mixed‑use office and retail space; Five separate storefronts within one building; CA zoning designation
