Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    856 Main St Ext Wallingford, CT 06492-2419

    • Industrial properties
    • 20,672 SF
    • 7.08 lot acres
    OFF-MARKET
    Last Sale
    Jun 26, 2025
    $1,700,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-1059306
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 856 Main St Ext

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.08 lot acres
    Property size
    20,672 SF
    Property type
    Industrial properties
    APN
    WALL M:064 L:005
    APU
    WALLM064L005

    Description

    This exceptional 20,672-square-foot industrial building, situated on a spacious 7.08-acre lot in Wallingford, Connecticut, presents a compelling owner-user opportunity. The single-story, Class B structure, built in 1979, boasts a 16-foot ceiling height, providing ample vertical space for various industrial uses. The property features four loading docks, two equipped with levelers, and one drive-in door, ensuring efficient loading and unloading operations. With 56 parking spaces, accommodating employees and visitors is effortless. The property is zoned IX, and benefits from a substantial 1600-amp electric service, leveraging the lowest electric rates in the state through Wallingford Electric. Its strategic location on 856 North Main Street Ext offers convenient access to major transportation arteries, including I-91 and Route 15, facilitating seamless logistics and distribution. This versatile property is ideally suited for manufacturing, distribution, or flex space needs, making it a highly attractive investment for businesses seeking a functional and well-located industrial space. The asking price is $2,450,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wallingford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8058
    Latitude
    41.4815
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,180
    $228,900
    $629,300
    $858,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      215,000 SF

      101 Plains Industrial Rd

      Medical offices • 215,000 SF
      101 Plains Industrial Rd, Wallingford, CT 06492
      View Details
    • Value Estimation
      $485,000
      332,064 SF

      718 Colony Rd

      INDUSTRIAL (GENERAL) • 332,064 SF
      718 Colony Rd, Wallingford, CT 06492-2446
      View Details
    • Value Estimation
      $930,000
      50,400 SF

      6 Northrop Industrial Park W Rd

      INDUSTRIAL (GENERAL) • 50,400 SF
      6 Northrop Industrial Park W Rd, Wallingford, CT 06492-1962
      View Details
    • Value Estimation
      $530,000
      1.60 Acres

      46 Plns Industrial Rd, Unit 48

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1.60 Acres
      46 Plns Industrial Rd, Wallingford, CT 06492-2783
      View Details
    • Value Estimation
      $1,435,000
      19,719 SF

      46 John St

      INDUSTRIAL (GENERAL) • 19,719 SF
      46 John St, Wallingford, CT 06492-4437
      View Details
    • Value Estimation
      $875,000
      61,518 SF

      2 Tower Dr

      INDUSTRIAL (GENERAL) • 61,518 SF
      2 Tower Dr, Wallingford, CT 06492-5913
      View Details

    Similar Nearby for Sale

    • $2,200,000
      21,177 SF

      Industrial Flex Building For Sale

      21,177 SF industrial flex building on 2.43 acres.
      135 N Plains Industrial Rd, Wallingford, CT 06492
      View Details
    • $650,000

      Commercial Condo Units For Sale

      Two commercial condo units totaling 5,600 SF for sale.
      206 N Plains Industrial Rd, Wallingford, CT 06492
      View Details
    • $3,100,000
      31,000 SF

      Wallingford Flex Space For Sale

      Office/flex space available in Wallingford's Barnes Industrial Park.
      1 Barnes Industrial Rd S, Wallingford, CT 06492
      View Details
    • $800,000
      4,475 SF

      Wallingford Commercial Building - Prime Location

      Spacious 4,475 sq ft commercial building, ideal for various uses.
      1145 Old Colony Rd, Wallingford, CT 06492
      View Details
    • $499,000
      2,570 SF

      Wallingford Mixed-Use Commercial Building

      Prime Wallingford location, mixed-use potential.
      330 Colony St, Wallingford, CT 06492
      View Details
    • $150,000

      Established Cleaning Business For Sale

      Profitable cleaning business with contracts and equipment included.
      Champion Maintenance & Janitorial St, Wallingford, CT 06492
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,455 SF

      Wallingford Warehouse Condominium For Rent

      3,455 SF warehouse condominium with easy highway access.
      65 N Plains Industrial Rd, Wallingford, CT 06492
      View Details
    • $11 SF/Yr
      250,000 SF

      Industrial Build-to-Suit Opportunity

      250,000 SF build-to-suit industrial building for lease.
      1121 Northrop Rd, Wallingford, CT 06492
      View Details
    • $7 SF/Yr
      389,000 SF

      Wallingford Warehouse Space Available

      Modern Warehouse, Excellent Location, 43,650 SF
      718 Colony Rd, Wallingford, CT 06492
      View Details
    • Contact for pricing
      450,000 SF

      Wallingford Warehouse Space For Lease

      450,000 SF warehouse space available for immediate build.
      5 Research Pkwy, Wallingford, CT 06492
      View Details
    • $7 SF/Yr
      215,000 SF

      North Plains Industrial Park Office Space

      Versatile Office/Industrial Space Available
      101 Plains Industrial Rd, Wallingford, CT 06492
      View Details
    • $6 SF/Yr
      15,271 SF

      Wallingford Industrial Warehouse Space

      15,271 square foot warehouse in Wallingford Industrial Park.
      50 Barnes Industrial Park N, Wallingford, CT 06492
      View Details
    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.
    856 Main St Ext
    Wallingford, CT 06492-2419
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.