Add Listing
    For Sale
    • 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

    711 Rubber Avenue Naugatuck, CT 6770

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,650,000

    High-volume gas station with recent renovations and strong visibility.

    Type:Commercial
    Property size:
    1,568 SF
    Lot size:
    0.47 Acres
    Added:
    Aug 5, 2025
    Days on Market:
    259
    Last Refresh:
    Apr 5 at 8:25 pm

    Property Features for 711 Rubber Avenue

    General Information

    Standard status
    Active
    Size
    1,568 SF
    Lot size
    0.47 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    SAM LYMAN

    Listing agent SAM LYMAN License #REB.0793484

    Listing office Samuel Lyman, Broker

    Listing date Aug 5, 2025

    Source Corcoran

    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 Samuel Lyman, Broker

    Overview

    Gas Station with Renovated Facilities

    The property includes land and a building situated directly in front of a Stop & Shop, benefiting from high visibility and traffic. The gas station has been fully renovated in 2024, featuring new dispensers, flooring, lighting, and shelving. It is a high-volume location, selling approximately 60,000 gallons per month. The fuel equipment is branded Shell, with a non-terminable fuel contract that has 10 years remaining. Fuel pricing is based on Shell rack minus 1. The building size is 1568 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shell Gas Station

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Naugatuck
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0788
    Latitude
    41.4929

    Nearby Similar for Sale

    • $390,000
      3,080 SF

      Naugatuck Two-Family Investment Opportunity

      Two-family property in Naugatuck with income and value-add potential.
      231 N Main Street, Naugatuck, CT 06770
      View Details
    • $599,000
      3,960 SF

      Mixed-Use Property in Naugatuck

      Established business with multiple income streams in a prime location.
      671 Rubber Avenue, Naugatuck, CT 06770
      View Details
    • $599,000
      2,640 SF

      Mixed-Use Property in Naugatuck

      Mixed-use property with retail and residential income in prime location.
      671 Rubber Avenue, Naugatuck, CT 06770
      View Details
    • $549,000
      3,429 SF

      Well-Maintained Naugatuck Multi-Family Property

      Updated 4-family property near downtown Naugatuck with steady rental income.
      128 Millville Avenue, Naugatuck, CT 06770
      View Details
    • $474,900
      1,890 SF

      Two Homes, One Lot

      Rare opportunity: two homes on one lot in Naugatuck.
      14 Washington Street, Naugatuck, CT 06770
      View Details
    • $259,900
      2,656 SF

      Mixed-Use Property in Naugatuck

      Mixed-use property with residential units and commercial storefront.
      569 Rubber Avenue, Naugatuck, CT 06770
      View Details
    • $600,000
      3,240 SF

      Downtown Naugatuck Commercial Building

      3,240 sq ft commercial building in revitalized downtown Naugatuck.
      24 Cherry Street, Naugatuck, CT 06770
      View Details
    • $800,000
      5,974 SF

      Prime Commercial Space in Naugatuck

      Spacious commercial property in a high-traffic Naugatuck business district.
      159 Church Street, Naugatuck, CT 06770
      View Details
    • $425,000
      572 SF

      Naugatuck Ranch with Multi-Use Zoning

      4-acre ranch in Naugatuck, CT, with special zoning designation.
      848 New Haven Road, Naugatuck, CT 06770
      View Details
    • $294,900
      2,416 SF

      Naugatuck Two-Family House For Sale

      Two-family house in Naugatuck, Connecticut, with investor potential.
      150 Scott Street, Naugatuck, CT 06770
      View Details
    • $275,000
      2,100 SF

      Established Liquor Store for Sale

      Long-standing, fully stocked liquor store with loyal customer base.
      628 New Haven Rd, Naugatuck, CT 06770
      View Details
    • $474,900
      1,890 SF

      Two Homes on One Lot

      Two homes on one lot, ideal for investors or multi-generational.
      14 Washington Street, Naugatuck, CT 06770
      View Details

    FAQs

    What type of property is this?
    Gas station - High-volume gas station with recent renovations and strong visibility.
    Where is this gas station located?
    The property is located at 711 Rubber Avenue Naugatuck, CT.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: High‑volume location: ~60,000 gallons/month sold; **Fully renovated in 2024:** new dispensers, flooring, lighting, shelving; Branded Shell with a non‑terminable fuel contract (10 years remaining)
    (860) 876-0359
    We can help!
    Listing Contact
    SAM LYMAN
    Real Estate License ID: REB.0793484
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!