Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wallingford Commercial Space For Rent Title is generated by Realmo AI

    40 N Main Street, Wallingford, CT 06492

    View on Map
    Claim this Listing
    For Lease
    $22 SF/Yr $5,817/Mo (calc)

    COMMERCIAL - Wallingford, CT

    Property size:
    3,173 SF
    Added:
    Apr 24, 2026
    Days on Market:
    21
    Last Refresh:
    May 14 at 10:06 am

    Property Features for 40 N Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CA6
    Standard status
    Active
    Size
    3,173 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Other (Heating), Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1908
    Flooring type
    Wood

    We can help!

    Listing Contact
    Bridie Bradbury

    Listing agent Bridie Bradbury License #RES.0783308

    Listing office Calcagni Real Estate 36 N Main Street, Cheshire, CT

    Listing date Apr 24, 2026

    MLS# 24167803

    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.

    HighLights

    • Prime central location on North Main St, close to amenities.
    • Large open concept work zones, private offices, and large conference room.
    • Ample parking.
    • High ceilings and beautiful wood floors.
    • Kitchen/break areas.
    • Easy access to I‑91 and rt 15.

    Overview

    This commercial space is located in a prime central location on North Main Street in Wallingford, CT. The property features a large, open-concept work zone, private offices, and a large conference room. Large windows and high ceilings enhance the interior, which also includes wood floors and kitchen/break areas. Ample parking is available. The location provides convenient access to the post office, town hall, train station, Choate Rosemary Hall, and various dining options. Additionally, the property offers easy access to I-91 and Route 15. The property size is 3173 square feet and the zoning is CA6.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gaetano's Tavern on Main Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallingford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8035749
    Latitude
    41.44921

    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
    • Contact for pricing

      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?
    Office units - Commercial space in central Wallingford location with ample parking.
    Where is this office units located?
    The property is located at 40 N Main Street Wallingford, CT.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Prime central location on North Main St, close to amenities.; Large open concept work zones, private offices, and large conference room.; Ample parking.
    (203) 314-3354
    We can help!
    Listing Contact
    Bridie Bradbury
    Real Estate License ID: RES.0783308
    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

    Thank You for Inquiry
    40 N Main Street, Wallingford, CT 06492
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!