Property profile

50 Waterbury Rd Prospect, CT 06712

OFF-MARKET
Retail space
Property ID
US15-1023879
15,040 SF 5.16 ac lot Built 2007
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional executive office suite, located at 50 Waterbury Road in Prospect, Connecticut, offers 570 square feet of move-in ready space within a larger 15,000 square foot building. The single-tenant occupancy provides privacy and control, ideal for a small business or professional seeking a prestigious address. The suite boasts a 9-foot ceiling height, contributing to a spacious and comfortable work environment. Ample parking is available on the 5.16-acre lot, ensuring convenient access for employees and clients. The property is zoned B and is located in New Haven County, offering easy access to major transportation routes. The building's electrical service is a robust 200 amps, providing sufficient power for modern office equipment and technology. This is a fantastic opportunity for a business seeking a well-maintained, conveniently located, and professionally appointed office space in a desirable Connecticut town. The zip code is 06712. The property is currently available for lease. This executive office suite presents a unique opportunity to establish a thriving business in a prime location. The building's size and ample parking provide a professional and welcoming atmosphere for clients and employees alike. The convenient location and robust power supply make this an ideal space for a variety of businesses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,040 SF
Lot 5.16 ac (224,770 SF)
Zoning code B
APN PROS M:109 B:160 L:50
UPID US15-1023879

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
  • Restaurant
  • Law Firm Financial Advisor
  • Clothing & Fashion Store
  • Home Health Care Service
  • Restaurant

Location

50 Waterbury Rd Prospect, CT 06712-1258
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
$1.96M
Comparable Approach Comparable
$1.77M
Blend (final) Blend
$1.84M

Owner & transaction history

Zoning & alternative use

B · Prospect, CT
General category COMMERCIAL
Top alternative use upside
Restaurant $2.2M +80.3%
Apartment house (5+ units) $1.5M +21.6%
Auto repair, garage $1.4M +11.8%

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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