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

    909 Prospect St Naugatuck, CT 06770

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-yield investment opportunity in CT

    Property size:
    7,500 SF

    Property Features for 909 Prospect St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,500 SF
    Lot Size
    60,984 SF

    Building Details

    Year Built/Renovated
    2016/2018
    Buildings
    1
    Stories
    2
    Units
    6

    We can help!

    Listing Contact
    John Famiglietti
    John Famiglietti

    Listing Agency: Commercial Connection Real Estate LLC Listing Agent: John Famiglietti

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

    Learn more

    Property Insight Report

    Overview

    This exceptional two-story retail center, located at 909 Prospect Street in Naugatuck, Connecticut, presents a compelling value-add investment opportunity. Built in 2016 and renovated in 2018, the property boasts 7,500 square feet across six units, currently enjoying 92% occupancy. The center features a gross lease structure and a strong net operating income (NOI) of $85,256, translating to a compelling 5.88% capitalization rate. The asking price is $1,450,000, or $193.33 per square foot. Situated on a 1.4-acre lot, the property provides ample parking with a ratio of 40 spaces per 1,000 square feet. This multi-tenant convenience store and shopping center offers a diverse tenant mix and significant potential for future growth. The property's strong performance, desirable location in New Haven County, and value-add potential make it an attractive investment for discerning buyers. The property's 2016 construction and 2018 renovation ensure modern amenities and efficient operations. With its established tenant base and high occupancy rate, this retail center offers immediate cash flow and long-term appreciation potential. The property's strategic location in Naugatuck, Connecticut, provides excellent visibility and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Colour boutique eyelash ... Hair Salon The Colour Boutique Hair Salon THE HONEY EYED HARE Tattoo & Piercing Shop Naugatuck Deli Food Market Capital Quarry Materials ... Building Supply

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Naugatuck
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.016321976954
    Latitude
    41.504844115594

    Nearby Similar for Sale

    • New
      $425,000
      Pending

      Naugatuck Ranch with Multi-Use Zoning

      4-acre ranch in Naugatuck, CT, with special zoning designation.
      848 New Haven Rd, Naugatuck, CT 06770
      View Details
    • New
      $599,000
      2,640 SF

      Mixed-Use Property in Naugatuck

      Mixed-use property with retail, greenhouses, and residential units.
      671 Rubber Ave, Naugatuck, CT 06770
      View Details
    • New
      $599,000
      3,960 SF

      Naugatuck Mixed-Use Investment Opportunity

      Established business with retail, greenhouses, and residential income.
      671 Rubber Ave, Naugatuck, CT 06770
      View Details
    • $390,000
      3,080 SF

      Naugatuck Two-Family Investment Opportunity

      Two-family property in Naugatuck with income and value-add potential.
      231 N Main St, Naugatuck, CT 06770
      View Details
    • New
      $294,900
      Pending

      Naugatuck Two-Family House For Sale

      Two-family house in Naugatuck, Connecticut, with investor potential.
      150 Scott St, Naugatuck, CT 06770
      View Details
    • $75,000

      Turnkey Business Opportunity in Naugatuck

      Profitable business with high visibility in a growing community.
      399 North Main St, Naugatuck, CT 06770
      View Details
    • $2,650,000

      Gas Station with Renovated Building

      High-volume gas station with a long-term fuel contract.
      711 Rubber Ave, Naugatuck, CT 06770
      View Details
    • $595,000

      Farmstead Lane Specialty Property

      Specialty property available for sale on Farmstead Lane.
      66 Farmstead Ln, Naugatuck, CT 06770
      View Details
    • $450,000

      Former Funeral Home on Route 63

      Well-maintained building with high visibility and many potential uses.
      201 Meadow St, Naugatuck, CT 06770
      View Details
    • $399,900

      Naugatuck Specialty Property For Sale

      Specialty property available for purchase in Naugatuck, Connecticut.
      35 Crofut Rd, Naugatuck, CT 06770
      View Details
    • $350,000

      Harvest Lane Specialty Property

      Specialty property available for sale on Harvest Lane.
      14 Harvest Ln, Naugatuck, CT 06770
      View Details
    • $370,000

      Naugatuck Specialty Property For Sale

      Specialty property available for purchase in Naugatuck, Connecticut.
      75 Allerton Rd, Naugatuck, CT 06770
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-yield investment opportunity in CT
    Where is this lifestyle center located?
    The property is located at 909 Prospect St Naugatuck, CT.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 7,500 SF retail center in Naugatuck, CT, available for purchase.; Asking price: $1,450,000, representing a $193.33/SF price.; 5.88% cap rate with a current NOI of $85,256.
    (203) 596-7777 Call to check price and availability
    Request Owner's contact information
    909 Prospect St Naugatuck, CT 06770
    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.
    909 Prospect St
    Naugatuck, CT 06770
    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
    909 Prospect St Naugatuck, CT 06770
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Famiglietti
    John Famiglietti
    Real Estate License ID: REB.0754759
    (203) 596-7777
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!