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    134-140 Grandview Ave Waterbury, CT 06708

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    For Lease
    Contact for pricing

    Waterbury, CT Medical Office Suites Available

    Lot size:
    59,096 SF

    Property Features for 134-140 Grandview Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    59,096 SF
    Total Rate
    64020.67

    Building Details

    Year Built
    1974
    Stories
    3

    Spaces For Lease

    at 134-140 Grandview Ave, Waterbury, CT 06708 Contact us
    Unit Building 134 - Suite #102 - 1st Floor

    $13 /Mo

    Size
    1,799 SF
    Contact us
    Unit Building 140 Suite #103 - 1st Floor

    $13 /Mo

    Size
    1,584 SF
    Contact us
    Unit Building 140 Suite #104AB - 1st Floor

    $13 /Mo

    Size
    1,940 SF
    Contact us
    Unit Building 140 Suite #L01 - Lower Leve

    $13 /Mo

    Size
    2,980 SF
    Contact us
    Unit Building 140 Suite # L02-03 - Lower Leve

    $13 /Mo

    Size
    2,461 SF
    Contact us
    Unit Building 140 Suite #L04 - Lower Level

    $13 /Mo

    Size
    1,832 SF
    Contact us
    Unit Building 140 - Suite #L06 - Lower Level

    $13 /Mo

    Size
    1,920 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Brian Godin
    Brian Godin

    Listing Agency: Godin Property Brokers LLC Listing Agent: Brian Godin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional three-story medical office building, located at 134-140 Grandview Avenue in Waterbury, Connecticut, offers a prime opportunity for medical professionals seeking flexible and well-appointed space. The building boasts a total of 59,096 square feet, situated on a generous 4.04-acre lot. Multiple tenancy options are available, with suites ranging from a minimum of 1,584 square feet to a maximum contiguous space of 2,980 square feet. Currently, 14,516 square feet is vacant and ready for immediate occupancy. Built in 1974, the building features a 9-foot ceiling height throughout and is conveniently equipped with three elevators to ensure efficient access to all floors. Ample parking is provided with 300 spaces available for tenants and visitors. The property is zoned CO (Commercial Office) and is located in New Haven County, with easy access to major transportation routes. The building's electrical service is 100 Amps. This is an ideal location for medical practices seeking a well-maintained, spacious, and conveniently located facility in a thriving Connecticut community. The property offers a blend of established infrastructure and modern convenience, making it an attractive option for a variety of medical specialties. Contact us today to learn more about the available spaces and lease terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0609485
    Latitude
    41.5601612

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    FAQs

    What type of property is this?
    Medical office - Waterbury, CT Medical Office Suites Available
    Where is this medical office located?
    The property is located at 134-140 Grandview Ave Waterbury, CT.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Professional/medical office suites available for lease.; Office park directly adjacent to Waterbury Hospital.; Suitable for various medical and professional practices.
    (203) 577-2277 Call to check price and availability
    Request Owner's contact information
    134-140 Grandview Ave Waterbury, CT 06708
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    Waterbury, CT 06708
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    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
    134-140 Grandview Ave Waterbury, CT 06708
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian Godin
    Brian Godin
    (203) 577-2277 (203) 598-6873
    Learn more
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