Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    505 Old Whitfield Street Guilford, CT 06437

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    COMMERCIAL - Guilford, CT

    Property size:
    6,358 SF
    Lot size:
    1.90 Acres
    Added:
    Dec 6, 2024
    Days on Market:
    509
    Last Refresh:
    Apr 29 at 8:06 pm

    Property Features for 505 Old Whitfield Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-2
    Standard status
    Pending
    Size
    6,358 SF
    Lot size
    1.90 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    18825

    Utilities

    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1962
    Floors in Building
    1

    We can help!

    Listing Contact
    Stephen Press
    Stephen Press

    Listing agent Stephen Press License #REB.0751704

    Listing office Press/Cuozzo Realtors 2751 Dixwell Avenue, Hamden, CT

    Listing date Dec 6, 2024

    MLS# 24063333

    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.

    Overview

    Waterfront Development Site in Guilford

    This 1.9-acre waterfront development site in Guilford, Connecticut, offers views of Long Island Sound. The site is suitable for mixed-use development, such as luxury residential and commercial spaces. It is an ideal setting for establishing a restaurant or mixed-use development. The property is contiguous to marinas and boat launch facilities, providing boaters with access to the Sound. Located near the town center of Guilford and the Shoreline East railroad station, the site offers access to local amenities, schools, and cultural attractions, while maintaining a peaceful atmosphere conducive to waterfront living. The existing structure on the property is 6358 square feet and the zoning is C-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Guilford Lobster Pound Restaurant Lucky Lou's Fishing ... Tour Operator

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Guilford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.66711
    Latitude
    41.27179

    Nearby Similar for Sale

    • $300,000

      Guilford Land: Private Retreat Potential

      Expansive Guilford parcel offers privacy, natural beauty, and custom build potential.
      2680 Long Hill Road, Guilford, CT 06437
      View Details
    • $600,000
      2,518 SF

      Guilford Commercial Property on Route 1

      Prime commercial property in Guilford with multiple offices and parking.
      1054 Boston Post Road, Guilford, CT 06437
      View Details
    • $300,000
      1,058 SF

      Charming Building on Boston Post

      Charming building in Guilford, one block from the historic Green.
      1058 Boston Post Road, Guilford, CT 06437
      View Details
    • Contact for pricing
      2,518 SF

      Prime Guilford Commercial Property on Route 1

      Commercial property on Boston Post Road, Guilford, ideal for businesses.
      1054 Boston Post Road, Guilford, CT 06437
      View Details
    • $325,000
      1,200 SF

      Commercial Building Overlooking Guilford Mill

      Commercial building with showroom, office space, and excellent visibility.
      51 Mill Road, Guilford, CT 06437
      View Details
    • $1,195,000
      2,392 SF

      Guilford Multi-Family Investment Opportunity

      Four-unit property in Guilford with immediate income potential.
      51 Pearl Street, Guilford, CT 06437
      View Details
    • $699,000
      1,804 SF

      Versatile Guilford Green District Property

      Downtown Guilford property with multi-use potential and recent renovations.
      26 Water Street, Guilford, CT 06437
      View Details
    • $295,000
      1,614 SF

      Professional Office Condominium For Sale

      Professional office condominium ideal for medical or wellness uses.
      666 Boston Post Road #3, Guilford, CT 06437
      View Details
    • Contact for pricing
      1,058 SF

      Charming Building in Prime Location

      Charming building in Guilford, one block from the historic Green.
      1058 Boston Post Road, Guilford, CT 06437
      View Details
    • $100

      Waterfront Development Site in Guilford

      Waterfront development site with potential for mixed-use in Guilford, CT.
      505 Old Whitfield Street, Guilford, CT 06437
      View Details
    • $4,250,000
      6,613 SF

      Waterfront Property with Redevelopment Potential

      Versatile waterfront property suitable for office, restaurant, or residential development.
      506 Whitfield Street, Guilford, CT 06437
      View Details
    • $2,300,000
      1,128 SF

      Medical Office Building on Route 1

      Professional medical office building with space for lease on Route 1.
      1445 Boston Post Rd, Guilford, CT
      View Details

    FAQs

    What type of property is this?
    Commercial land - Waterfront development site with potential for mixed-use in Guilford, CT.
    Where is this commercial land located?
    The property is located at 505 Old Whitfield Street Guilford, CT.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Unpriced waterfront development site on Long Island Sound.; Potential for mixed‑use development (luxury residential, commercial).; Ideal for restaurant or mixed‑use development.
    203-288-1900x123
    We can help!
    Listing Contact
    Stephen Press
    Stephen Press
    Real Estate License ID: REB.0751704
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!