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

    440 Wheelers Farm Rd Milford, CT

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Four-story office building with cafeteria and conference facilities for rent.

    Property size:
    14,350 SF
    Lot size:
    11.67 Acres

    Property Features for 440 Wheelers Farm Rd

    General Information

    Size
    14,350 SF
    Lot size
    11.67 Acres

    We can help!

    Listing Contact
    Michael Dillon
    Source: Moodyscre

    Listing Agent: Michael Dillon

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

    Learn more

    Overview

    Class A Office Building

    This is a four-story, class A office building encompassing 168,251 square feet. The building is located adjacent to the Merritt Parkway. It features a cafeteria and a conferencing facility.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Big Box & Wholesale Store Accounting Firm Auto Parts Store Department Store Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0464309
    Latitude
    41.2220944

    Nearby Similar for Lease

    • $5,000 /Mo
      2,141 SF

      Milford Commercial Space For Rent

      Professional or medical office space near Yale New Haven Milford.
      256 Seaside Ave, Milford, CT 06460
      View Details
    • $30 SF/Yr
      2,750 SF

      Restaurant-Ready Space Near Woodmont Beach

      High-visibility restaurant/cafe space steps from Woodmont Beach in Milford, CT.
      27 Village Rd, Milford, CT 06460
      View Details
    • New
      $1,250 /Mo
      600 SF

      Charming Commercial Space on Milford Green

      Versatile commercial space suitable for retail, office, or wellness uses.
      150 Broad St, Milford, CT 06460
      View Details
    • $2,000 /Mo
      1,600 SF

      Milford Commercial Space For Lease

      1600 SF office or retail space available in Milford, CT.
      990 Bridgeport Ave, Milford, CT 06460
      View Details
    • New
      $12 SF/Yr
      2,000 SF

      Milford Commercial Flex Space Available

      2,000 SF flex space near I-95 in Milford, CT.
      71 Eastern Steel Rd, Milford, CT 06460
      View Details
    • $5,000 /Mo
      2,141 SF

      Medical Office Space For Rent

      Medical office space near Yale New Haven Milford Campus.
      256 Seaside Ave, Milford, CT 06460
      View Details
    • $1,250 /Mo
      600 SF

      Charming Commercial Space on Milford Green

      Versatile commercial space suitable for retail, office, or wellness uses.
      150 Broad St, Milford, CT 06460
      View Details
    • $3,950 /Mo

      Historic Milford Office/Residential Unit

      Updated second-floor unit in Milford Historic District for rent.
      130 W River St, Milford, CT 06460
      View Details
    • $2,000 /Mo

      Milford Office or Retail Space

      1600 SF office or retail space available for rent.
      990 Bridgeport Ave, Milford, CT 06460
      View Details
    • $30 SF/Yr

      Medical Office Space For Lease

      2,262 SF +/- space in desirable Milford corridor.
      233 Broad St, Milford, CT 06460
      View Details
    • $2,250 /Mo
      1,200 SF

      Retail Space with Basement Storage

      1,200 SF retail space with 1,200 SF basement.
      232 Boston Post Rd, Milford, CT 06460
      View Details
    • $30 SF/Yr
      2,262 SF

      Medical Office Space For Lease

      2,262 SF +/- space in desirable Milford location.
      233 Broad St, Milford, CT 06460
      View Details

    FAQs

    What type of property is this?
    Office building - Four-story office building with cafeteria and conference facilities for rent.
    Where is this office building located?
    The property is located at 440 Wheelers Farm Rd Milford, CT.
    What are key features of this property?
    This property features: - Class A office building offering a premium workspace.; - Boasting 168,251 square feet of space.; - This four-story building includes a conferencing facility.
    (203) 326-5800 Call to check price and availability
    Request Owner's contact information
    440 Wheelers Farm Rd Milford, CT
    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.
    440 Wheelers Farm Rd
    Milford, CT
    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
    440 Wheelers Farm Rd Milford, CT
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Dillon
    (203) 326-5800 (203) 326-5826
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!