Auto Shop with Service
New
For Sale
Contact for pricing
780 Lakewood Rd, Waterbury, CT 06704
The property combines automotive and retail use, with on-site parking and a prominent corner position.
Property Size5,568 SF
Price / SF$94.29
Days on Market3
Property Features for 780 Lakewood Rd
General Information
Standard status
Active
Size
5,568 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Wolcott Road
Traffic Count
17,900 vehicles/day
Road Access
Yes
Automotive
Service Bays
8
Automotive Uses
auto repair
Additional Details
Asking Price
$525,000
Listing Agency:
Godin Property Brokers
(203) 577-2277
Listed By:
Michael Grieder · License #RES.0804179
(203) 910-3426
Source:
Moodyscre
Added: Nov 4
Last Checked: Nov 4 at 2:20PM
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 Godin Property Brokers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,568-square-foot auto shop has eight drive-in service bays and ceiling heights ranging from 15 to 18 feet. On-site parking serves the property, which occupies the corner of Wolcott Street and Lakewood Road.
The location records approximately 17,900 vehicles in daily traffic, according to DOT figures.
The location records approximately 17,900 vehicles in daily traffic, according to DOT figures.
Key Highlights
- 5,568 +/- S/F building with eight drive‑in service bays
- Ceilings range from 15’–18’
- Corner location at Wolcott St and Lakewood Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,075
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,500
$941.5K
Cap Rate 7%
$672,500
$672.5K
Cap Rate 9%
$523,056
$523.1K
Market Conditions
NOI Build-Up for 5,568 SF
Gross rent
$73.5K $13.20/SF
− Vacancy
−$6.2K −$1.12/SF
EGI
$67.3K $12.08/SF
− OpEx
−$20.2K −$3.62/SF
NOI
$47.1K $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%
$941,500
Cap Rate 7%
$672,500
Cap Rate 9%
$523,056
Alternative Uses
Best Use
Retail
$672.5K
$588.4K – $784.6K
NOI $47,075 @ 7.0% cap · market cap 8.97%
Second Best
Industrial
$615.5K
$538.6K – $718.1K
NOI $43,086 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,431 @ 7.0% cap · market cap 19.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
8
Service bays
17,900 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
268k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 28%
Groceries 17%
Apparel 15%
Stop & Shop
Groceries
45,091 visits/mo
0.2 miles
T.J. Maxx
Apparel
33,157 visits/mo
0.2 miles
McDonald's
Dining
26,857 visits/mo
0.3 miles
Wendy's
Dining
20,019 visits/mo
0.3 miles
Ocean State Job Lot
Shops & Services
11,947 visits/mo
0.1 miles
Demographics for 06704, CT
27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Pep Boys — 699 Wolcott St, Waterbury, CT 06705
- Meineke Car Care Center — 760 Wolcott St, Waterbury, CT 06705
- Firestone Complete Auto Care — 809 Wolcott St, Waterbury, CT 06705
- Walmart Auto Care Centers — 910 Wolcott St, Waterbury, CT 06705
- Fleet Pump & Services Group — 244 Transit St, Waterbury, CT 06704, United States
Frequently Asked Questions
What type of property is this?
Auto shop - The property combines automotive and retail use, with on-site parking and a prominent corner position.
Where is this auto shop located?
The property is located at 780 Lakewood Rd Waterbury, CT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 5,568 +/- S/F building with eight drive‑in service bays; Ceilings range from 15’–18’; Corner location at Wolcott St and Lakewood Rd
