Former Yellow Cab Terminal For
For Sale
Contact for pricing
Pending
77 Store Ave, Waterbury, CT
5,292 SF auto shop with 5-bay garage on 0.92 acres.
Property Size5,292 SF
Lot Size0.46 Acres
Days on Market455
Property Features for 77 Store Ave
General Information
Standard status
Pending
Size
5,292 SF
Lot size
0.46 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Commercial Connection
(203) 596-7777
Listed By:
John Famiglietti · License #REB.0754759
Source:
Moodyscre
Added: Jun 6, 2025
Changed: Aug 8
Last Checked: Sep 2 at 8:07PM
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 Commercial Connection
Investment Insights
Based on property information with market context.
The property at 77-87 Store Avenue is a 5,292 square foot building, formerly a Yellow Cab terminal, situated on 0.92 acres. The building includes a 5-bay garage and a 2,500 square foot office area spread over two floors. The property is zoned CA and features equipment including three lifts, a tire machine, a compressor, and a Generac generator, all included in the sale. Additional features include an oil separator, a 10-year-old roof, and seven mini-splits for heat, as well as full air conditioning. The lot is fenced in, making the building suitable for any auto-related use.
Key Highlights
- 5,292 SF former Yellow Cab Terminal with 5 Bay Garage on 0.92 Acres
- Zoned CA, suitable for any auto use
- Includes 3 Lifts, Tire Machine, Compressor, and Generac Generator
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
$44,742
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
6.88%
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%
$894,840
$894.8K
Cap Rate 7%
$639,171
$639.2K
Cap Rate 9%
$497,133
$497.1K
Market Conditions
NOI Build-Up for 5,292 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
$69.9K $13.20/SF
− Vacancy
−$5.9K −$1.12/SF
EGI
$63.9K $12.08/SF
− OpEx
−$19.2K −$3.62/SF
NOI
$44.7K $8.45/SF
Area
Waterbury, CT
Vacancy
8.50%
Lease Rate
$13.20 /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%
$894,840
Cap Rate 7%
$639,171
Cap Rate 9%
$497,133
Alternative Uses
Best Use
Retail
$639.2K
$559.3K – $745.7K
NOI $44,742 @ 7.0% cap · market cap 6.88%
Second Best
Industrial
$585.0K
$511.9K – $682.5K
NOI $40,950 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,304 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
47k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Home Improvements & Furnishings 18%
Dining 11%
Gulf Oil
Shops & Services
10,226 visits/mo
0.2 miles
Citgo
Shops & Services
9,840 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
8,435 visits/mo
0.5 miles
Domino's Pizza
Dining
4,897 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,339 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- East End Auto Repair & Sales LLC — 2505 E Main St, Waterbury, CT 06705
- Waterbury Auto Glass LLC — 2528 E Main St, Waterbury, CT 06705
- E Harbor Petroleum Ltd — 1485 E Main St, Waterbury, CT 06705
- American Auto Electric — 24 Meriden Rd, Waterbury, CT 06705
- Tire Mart Plus — 24 meriden rd, waterbury, ct 06705
Frequently Asked Questions
What type of property is this?
Auto shop - 5,292 SF auto shop with 5-bay garage on 0.92 acres.
Where is this auto shop located?
The property is located at 77 Store Ave Waterbury, CT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5,292 SF former Yellow Cab Terminal with 5 Bay Garage on 0.92 Acres; Zoned CA, suitable for any auto use; Includes 3 Lifts, Tire Machine, Compressor, and Generac Generator
