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Property profile & analytics
OFF-MARKET Estimated value $1,410,000
Manufacturing properties

1 Waterview Dr Shelton, CT 06484-4368

91,440 SF 9.36 ac lot Built 1988
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US15-1005122
Property summary
AI-generated overview

This exceptional two-story office building, located at 1 Waterview Drive in Fairfield County, offers a prime opportunity for businesses seeking flexible and modern workspace. The property boasts a total of 94,800 square feet, with a minimum divisible space of 6,410 square feet. Currently, there is 9,186 square feet of first-floor space available for sublease, fully furnished. This sublease offers the potential for expansion up to an additional 40,570 contiguous square feet. The lease rate is $16.50 per square foot gross, plus electricity, with a six-year term available, and additional terms potentially negotiable with the landlord. The building is conveniently located one mile from Exit 13 of Route 8 and minutes from the Merritt Parkway, providing easy access to major transportation arteries. Amenities include a spectacular new lobby, a patio ideal for outdoor dining and company events, newly renovated restrooms, a fitness center with showers, redundant fiber optics, an emergency generator, and a concierge service. The building also features granite finishes, a large conference room, and offers a superb corporate image. The property sits on a generous 14.8-acre lot. This is an excellent opportunity to secure high-quality office space in a desirable location with a comprehensive suite of amenities.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1988
Total area 91,440 SF
Lot 9.36 ac (407,722 SF)
Zoning code PDD2
APN SHEL M:79 L:16
UPID US15-1005122
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Vibrant Health Food Processing Plant Factory
  • Seasonal Catering LLC Take-out & Catering Catering Service
  • Connecticut Renaissance Inc Charitable Organization Social Service Agency
  • FedEx Drop Box Postal Service Courier Service
  • KORE Associate Group Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.41M
Owner & transaction history
Pbc Waterview LLC · 3 yrs held
Pbc Waterview LLC
since 2022
6 recorded transactions
2022
Price N/A
2017
Price N/A
2003
Price N/A
2000
$5.5M
1995
Price N/A
1994
$263,636
Zoning & alternative use
PDD2 · Shelton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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