Add Listing
    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

    1240 S Broad St Wallingford, CT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Wallingford, Connecticut shopping center.

    Type:RETAIL
    Property size:
    159,603 SF
    Lot size:
    19.49 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    153
    Last Refresh:
    Apr 5 at 9:16 pm

    Property Features for 1240 S Broad St

    General Information

    Standard status
    Active
    Size
    159,603 SF
    Lot size
    19.49 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1240 S Broad St Contact us

    We can help!

    Listing Contact
    Harrison P. Lyss

    Listing agent Harrison P. Lyss

    Listing office National Realty & Development Corp - Corporate

    Listing date Nov 24, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of National Realty & Development Corp - Corporate

    Overview

    Wallingford Retail Space For Rent

    This retail space is located within a shopping center in Wallingford, Connecticut. The shopping center benefits from a signalized entrance.
    Location Intelligence

    Current Use by Public Records

    Harbor Freight Tools Building Supply

    Suggested Use

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

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

    Similar Places Nearby

    • Meetinghouse Brook — 1086 N Colony Rd, Wallingford, CT 06492
    • Kohl's Plaza — S Broad St, Wallingford, CT 06492
    • Townline Square Shopping Center — 533 s broad st, meriden, ct 06450
    • Best Buys Plaza — 1241 S Broad St, Wallingford, CT 06492
    • Staples Plaza — 1145 N Colony Rd, Wallingford, CT 06492

    Location Insight

    • Map
    • Local Demand
    City
    Wallingford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8087
    Latitude
    41.5065

    Nearby Similar for Lease

    • $2,500/Mo

      Wallingford Commercial Garage For Rent

      2,100 SF commercial garage with Route 5 visibility.
      850 S Colony Road, Wallingford, CT 06492
      View Details
    • $11 SF/Yr

      Wallingford Medical/Office Suites Available

      Well-appointed medical/office suites for lease/sale in Wallingford, Connecticut.
      852 North Main Street Extension, Wallingford, CT, 06492
      View Details
    • $10 SF/Yr

      Wallingford Commercial Space For Lease

      Flex/Retail/Medical/Service space in Wallingford, CT with highway exposure.
      950 Yale Avenue, Wallingford, CT 06492
      View Details
    • $4,000/Mo

      Turnkey Medical/Professional Office Suite

      Class A, fully built-out office suite for immediate occupancy.
      85 Barnes Road #303, Wallingford, CT 06492
      View Details
    • $22 SF/Yr

      Wallingford Medical/Office Space For Lease

      Multi-tenant building with flexible layout and park-like setting.
      97 Barnes Road, Wallingford, CT, 06492
      View Details
    • $2,500/Mo

      Commercial Garage on High-Traffic Route

      2,100 sq ft commercial garage with office and storage.
      850 South Colony Road #F, Wallingford, CT 06492
      View Details
    • $1,600/Mo

      Remodeled 1-Bed Apartment for Rent

      Remodeled 1-bed, 1-bath apartment near amenities and transportation.
      22 Calvin Ave, Wallingford, CT 06492
      View Details
    • $1,025/Mo

      Wallingford Office Space For Rent

      Spacious office in busy retail plaza, convenient location.
      314 Main Street, Wallingford, CT 06492
      View Details
    • $1,800/Mo

      Updated Wallingford Apartment with Utilities

      Spacious 1-bedroom apartment in Wallingford with included utilities.
      125 Ward St A, Wallingford, CT 06492
      View Details
    • $1,695/Mo

      Third-Floor Apartment with Modern Amenities

      One-bedroom apartment featuring stainless steel appliances and efficient HVAC system.
      51 Wallace Row 3rd Floor, Wallingford, CT 06492
      View Details
    • $2,750/Mo

      Remodeled Two-Bedroom Apartment with Utilities

      First-floor, two-bedroom apartment with included utilities near downtown Wallingford.
      87 S Whittlesey Ave 1, Wallingford, CT 06492
      View Details
    • $1,700/Mo

      Spacious Apartment Near Downtown Amenities

      Two-bedroom apartment with natural light, close to amenities.
      211 S Whittlesey Ave, Wallingford, CT 06492
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in Wallingford, Connecticut shopping center.
    Where is this shopping center located?
    The property is located at 1240 S Broad St Wallingford, CT.
    What are key features of this property?
    This property features: Signalized entrance into the shopping center.
    (800) 932-7368 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Harrison P. Lyss
    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!