Technical
Financial
Distress signals
Property profile

158 Waterbury Rd Prospect, CT 06712

FOR LEASE
Other industrial properties
Property ID
US15-0362798
1,140 SF 0.24 ac lot Built 1940
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A 2,200 sq. ft. lower-level commercial space configured for small business use, featuring a layout with one large main room and a separate back room that was previously used as an art studio. The space includes a mini-split heating and cooling system, along with a shared kitchenette and a shared restroom near a common entrance area. The property provides onsite parking and has a common entry area designed for tenant access, with potential for remodeling and interior build-out depending on agreement. Suitable uses include a studio, office, wellness center, or specialty retail boutique.

Property profile

Verified
Property type Other industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1940
Construction FRAME
Total area 1,140 SF
Lot 0.24 ac (10,454 SF)
Zoning code B
APN PROS M:104 B:160 L:158A
UPID US15-0362798

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement
  • Medical Clinic
  • General Contractor
  • Art Studio
  • Dental Office

Location

158 Waterbury Rd Prospect, CT 06712
Prospect metro Census 347100 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2024
3 recorded transactions
2024
$800,000
2023
Price N/A
2017
Price N/A

Zoning & alternative use

B · Prospect, CT
General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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