Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    340 Main St Wallingford, CT 06492

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $750 /Mo

    Well-maintained office space in a highly visible location.

    Lot size:
    0.73 Acres

    Property Features for 340 Main St

    General Information

    Lot size
    0.73 Acres

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    Donna Zona
    Source: Elliman

    Listing Agent: Donna Zona

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    High Visibility Office Space Available

    Office space is available in a high-visibility location. The property features a welcoming front entrance with a large covered porch, a stone fireplace, and newly painted walls. Situated on a spacious lot, the property offers ample off-street parking for clients and staff. Located on a main road with many other thriving businesses and excellent visibility, this space provides an opportunity to grow a business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Moses Y Beach ... Elementary School YMCA School Age-Moses ... School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallingford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8150048
    Latitude
    41.4609667

    Nearby Similar for Lease

    • New
      $2,500 /Mo
      2,100 SF

      Wallingford Commercial Garage For Rent

      2,100 SF commercial garage with Route 5 visibility.
      850 S Colony Rd, Wallingford, CT 06492
      View Details
    • $900 /Mo
      383 SF

      Wallingford Medical Office Space Available

      Premier health and wellness center office space for rent.
      100 Center St, Wallingford, CT 06492
      View Details
    • $2,250 /Mo

      Wallingford Apartment Near Downtown

      Second-floor apartment with updated kitchen and shared backyard.
      34 Fair St, Wallingford, CT 06492
      View Details
    • $1,800 /Mo

      Remodeled Apartment in Prime Location

      Tastefully remodeled two-bedroom apartment in Wallingford near amenities.
      251 Quinnipiac St, Wallingford, CT 06492
      View Details
    • $1,800 /Mo

      Updated Colonial Second Floor Rental

      Second floor rental in updated colonial with modern amenities.
      421 Main St, Wallingford, CT 06492
      View Details
    • $2,400 /Mo

      Updated Apartment Near Wallingford Center

      Spacious 3-bedroom apartment near shops, restaurants, and local businesses.
      20 Lee Ave, Wallingford, CT 06492
      View Details
    • $1,000 /Mo
      1,204 SF

      Wallingford Office Space For Rent

      Lower level office space suitable for office, yoga, or fitness.
      44 Fair Street Ext, Wallingford, CT 06492
      View Details
    • $10 SF/Yr
      66,000 SF

      Wallingford Commercial Space For Lease

      Flex/Retail/Medical/Service space in Wallingford, CT with highway exposure.
      950 To, Wallingford, CT 06492
      View Details
    • $1,000 /Mo
      1,204 SF

      Wallingford Office Space For Rent

      Downtown Wallingford office space available for immediate occupancy.
      44 Fair Street Ext, Wallingford, CT 06492
      View Details
    • $3,900,000
      6,035 SF

      Attractive Wallingford Office Building

      One-story multi-tenant office building with flexible layout and picturesque views.
      97 Barnes Rd, 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
    • $25 SF/Yr
      4,500 SF

      Former Bank in Central Wallingford

      3,500 SF former bank with basement on corner lot.
      2 N Main St, Wallingford, CT 06492
      View Details

    FAQs

    What type of property is this?
    Office space - Well-maintained office space in a highly visible location.
    Where is this office space located?
    The property is located at 340 Main St Wallingford, CT.
    What are key features of this property?
    This property features: - High visibility location on a main road.; - Ample off-street parking for clients and staff.; - Well-maintained office space.
    (203) 619-3762
    Request Owner's contact information
    340 Main St Wallingford, CT 06492
    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.
    340 Main St
    Wallingford, CT 06492
    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
    340 Main St Wallingford, CT 06492
    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

    We can help!
    Listing Contact
    Donna Zona
    Real Estate License ID: RES.0785926
    (203) 619-3762
    Learn more
    Google sign-in failed. Please try again or use another login method.