Listing Agency: Commercial Connection Show Phone

Listed By: John Famiglietti · License #REB.0754759

Source: Moodyscre

Added: Jun 6, 2025 Changed: Oct 7 Last Checked: Oct 16 at 11:28AM

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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 / Yr

$44,742

Cap Rate

6.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$894,840 $894.8K

Cap Rate 7%

$639,171 $639.2K

Cap Rate 9%

$497,133 $497.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,292 SF

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 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 (±1% cap)

NOI $44,742 @ 7.0% cap · market cap 6.88%

Second Best

Industrial

$585.0K

$511.9K – $682.5K (±1% cap)

NOI $40,950 @ 7.0% cap · market cap 6.30%

Theoretical Best

Office A

$1.40M

$1.23M – $1.64M (±1% cap)

NOI $98,304 @ 7.0% cap · market cap 15.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Curtin Medical Livery ... Medical Clinic Curtin Transportation Group Livery Company

Suggested Use

Top Pick Plumbing Service Accounting Firm (Bike/Boat/Book/etc) Store Locksmith HVAC Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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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