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982 Rubber Ave 5,100 SF 100% Leased Office Building Naugatuck, CT 06770 $706,838 CAD ($138.60 CAD/SF) 7% Cap Rate
Investment Highlights
- Fully leased 2-unit retail investment
- Owner-user opportunity
- Month-to-month leases
- Apartment conversion opportunity
Executive Summary
Freestanding Commercial Building on ±2.49 Acres
$499,000
±5,100 SF freestanding commercial building
±2.49 acres
Suitable for owner-user or investor acquisition
Potential apartment conversion opportunity, subject to zoning and municipal approvals
Located along Naugatuck’s primary retail corridor, surrounded by a mix of national, regional, and local retailers
Zoned R15
INVESTMENT HIGHLIGHTS
Fully leased 2-unit retail investment
Month-to-month leases in place
Tenants pay all utilities (separately metered)
NOI: $35,157
Asking Price: $499,000
FINANCIAL SUMMARY
Sale Price: $499,000
Gross Income: $51,336
Expenses:
Taxes: $8,879
Insurance: $3,400
Landscaping / Snow Plowing: 3,900
Total: $16,179
NOI: $35,157
$499,000
±5,100 SF freestanding commercial building
±2.49 acres
Suitable for owner-user or investor acquisition
Potential apartment conversion opportunity, subject to zoning and municipal approvals
Located along Naugatuck’s primary retail corridor, surrounded by a mix of national, regional, and local retailers
Zoned R15
INVESTMENT HIGHLIGHTS
Fully leased 2-unit retail investment
Month-to-month leases in place
Tenants pay all utilities (separately metered)
NOI: $35,157
Asking Price: $499,000
FINANCIAL SUMMARY
Sale Price: $499,000
Gross Income: $51,336
Expenses:
Taxes: $8,879
Insurance: $3,400
Landscaping / Snow Plowing: 3,900
Total: $16,179
NOI: $35,157
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$72,718
|
$15.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,718
|
$15.98
|
| Taxes |
$15,141
|
$3.33
|
| Operating Expenses |
$10,341
|
$2.27
|
| Total Expenses |
$25,482
|
$5.60
|
| Net Operating Income |
$47,236
|
$10.38
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $72,718 |
| Annual Per SF | $15.98 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $72,718 |
| Annual Per SF | $15.98 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,141 |
| Annual Per SF | $3.33 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,341 |
| Annual Per SF | $2.27 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,482 |
| Annual Per SF | $5.60 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $47,236 |
| Annual Per SF | $10.38 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,100 SF
Building Class
C
Year Built
1960
Price
$706,838 CAD
Price Per SF
$138.60 CAD
Cap Rate
7%
NOI
$49,479 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,550 SF
Building FAR
0.05
Lot Size
2.49 AC
Zoning
RADD - Rubber Avenue Design District (RADD) permits commercial and mixed-use development
Parking
22 Spaces (4.31 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Day Care
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Naugatuck Pet Salon
- Services
- 550 SF
- $18.54 CAD
- Plus Utilities
- Jan 2026
- The Learning Barn Childcare Center & Preschool
- Educational Services
- 4,550 SF
- $13.74 CAD
- Plus Utilities
- Jan 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Naugatuck Pet Salon | Services | 550 SF | $18.54 CAD | Plus Utilities | Jan 2026 | |
| The Learning Barn Childcare Center & Preschool | Educational Services | 4,550 SF | $13.74 CAD | Plus Utilities | Jan 2026 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | NAUG-000000C-W001919 | Total Assessment | $316,108 CAD |
| Land Assessment | $118,888 CAD | Annual Taxes | $15,141 CAD ($2.97 CAD/SF) |
| Improvements Assessment | $197,221 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
NAUG-000000C-W001919
Land Assessment
$118,888 CAD
Improvements Assessment
$197,221 CAD
Total Assessment
$316,108 CAD
Annual Taxes
$15,141 CAD ($2.97 CAD/SF)
Tax Year
2025
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982 Rubber Ave
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