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    The Largest CRE Database in the US with Over 1 Million Listings

    11 Woodland Rd Unit, Unit 1A Madison, CT 06443

    Sponsored
    For Sale
    Pending
    $495,000

    COMMERCIAL - Madison, CT

    Property size:
    5,590 SF
    Days on Market:
    20
    Last Refresh:
    Jan 31 at 12:06 am

    Property Features for 11 Woodland Rd Unit

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R-1
    Rooms
    Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1
    Bathrooms
    4
    Parking
    30
    Interior features
    Elevator,Employee Lounge,Handicap Design,Public Restrooms
    Accessibility
    Accessible Approach with Ramp
    Size
    5,590 SF

    Utilities

    Heating system
    Baseboard
    Cooling system
    Central Air
    Water source
    Private, Well

    Building Details

    Year built
    1984
    Floors in Building
    2
    Flooring type
    Carpet - Full, Vinyl

    We can help!

    Listing Contact
    Tom Clancy

    William Pitt Sotheby's International Realty

    Listing agent Tom Clancy (203) 245-6700

    Listing date Jan 12, 2026

    MLS# 24132926

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Madison Office/Medical Condominium For Sale

    This is a spacious full-floor office/medical condominium with private elevator access. It is fully equipped for healthcare or professional business use. The current build-out includes 5 exam rooms, an X-ray room with a darkroom, a blood draw room, a medication room, a nurse practitioner room, and a waiting area, plus 3 additional offices in the patient area. Staff areas feature 4 offices, workstations, a conference room, a file room, a lounge, a full kitchen, laundry, and a dedicated staff restroom. The flexible layout allows spaces to be opened or combined. It is located in Madison, CT, and is suitable for a growing medical practice or professional office seeking a fully built-out, versatile space in a convenient, high-access location. The property has a size of 5590 square feet. The zoning is R-1.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Madison
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.6283
    Latitude
    41.3395

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    FAQs

    What type of property is this?
    Medical office - Spacious, fully-equipped office/medical condominium with private elevator access.
    Where is this medical office located?
    The property is located at 11 Woodland Rd Unit, Unit 1A Madison, CT.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Full-floor office/medical condominium with **private elevator access**.; - Fully equipped for healthcare or professional business use with existing exam rooms, X-ray room, blood draw room, medication room, and nurse practitioner room.; - Includes staff areas with multiple offices, workstations, conference room, full kitchen, and laundry.
    (203) 415-3888
    Request Owner's contact information
    11 Woodland Rd Unit, Unit 1A Madison, CT 06443
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    Madison, CT 06443
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    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
    11 Woodland Rd Unit, Unit 1A Madison, CT 06443
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    We can help!
    Listing Contact
    Tom Clancy
    (203) 415-3888
    Learn more
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