Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    524 Wolcott Rd Wolcott, CT 06716

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $575,000

    Thriving restaurant with loyal customer base and high visibility.

    Property size:
    2,484 SF

    Property Features for 524 Wolcott Rd

    General Information

    Standard status
    Active
    Size
    2,484 SF

    We can help!

    Listing Contact
    J.r. Donorfio
    Source: Corcoran

    Listing Agency: Fercodini Properties, Inc. Listing Agent: J.r. Donorfio

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

    Learn more

    Overview

    Established Restaurant on Wolcott Road

    This operational restaurant is located on Wolcott Road, which has a traffic count of 12,900 vehicles per day. The dining room seats 80 guests, with an additional 10 seats at the bar. The sale includes all current restaurant equipment and furnishings, featuring a fully equipped kitchen with 16 burners, 3 ovens, 2 fryers, a flat top, char grill, and steam table, as well as complete service ware and bar equipment. The property size is 2484 square feet. This location offers high visibility and proven profitability.
    Location Intelligence

    Current Use by Public Records

    Zuppa - Unique Italian ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wolcott
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.987739
    Latitude
    41.594233

    Nearby Similar for Sale

    • New
      $499,900
      2,382 SF

      High-Visibility Commercial Property Opportunity

      Legacy property with high traffic, visibility, and potential.
      399 Wolcott Rd, Wolcott, CT 06716
      View Details
    • New
      $525,000
      3,900 SF

      Turnkey Restaurant & Bar Business

      Thriving restaurant/bar with high traffic location and excellent potential.
      1457 Meriden Rd, Wolcott, CT 06716
      View Details
    • New
      $575,000
      2,484 SF

      Turnkey Restaurant Business Opportunity

      Established restaurant with loyal customer base on busy Wolcott Road.
      524 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $1,980,000
      13,878 SF

      Wolcott Retail Space For Sale

      Retail property in high-traffic Wolcott location with long-term tenants.
      1457 Meriden Rd, Wolcott, CT 06716
      View Details
    • New
      $289,900

      Established Optometric Practice For Sale

      Turn-key optometric practice with loyal patient base in Wolcott, CT.
      464 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $899,000
      3,123 SF

      Restaurant Property on 0.86 Acres

      Turnkey restaurant with indoor and outdoor seating on 0.86 acres.
      605 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $899,900
      4,780 SF

      Turn Key Restaurant/Bar Opportunity

      4780 SF restaurant/bar with full kitchen and ample parking.
      1512 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $1,125,000
      16,199 SF

      Wolcott Commercial/Industrial Building For Sale

      Commercial/industrial building on 2.64 acres with redevelopment opportunity.
      955 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $475,000

      Wolcott Specialty Property For Sale

      Specialty property available for purchase in Wolcott, Connecticut.
      79 Kingswood Ln, Wolcott, CT 06716
      View Details
    • $489,900

      Wolcott Specialty Property For Sale

      Specialty property available for purchase in Wolcott, Connecticut.
      132 Knollwood Dr, Wolcott, CT 06716
      View Details
    • $530,000

      Wolcott Specialty Property for Sale

      Specialty property available for purchase in Wolcott, Connecticut.
      1038 Woodtick Rd, Wolcott, CT 06716
      View Details
    • $379,900

      Wolcott Specialty Property For Sale

      Specialty property available for purchase in Wolcott, Connecticut.
      8 Constitution Dr, Wolcott, CT 06716
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Thriving restaurant with loyal customer base and high visibility.
    Where is this conventional restaurant located?
    The property is located at 524 Wolcott Rd Wolcott, CT.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Established, fully operational, and thriving restaurant business.; - Prime Wolcott Road location with high visibility and steady traffic (12,900 vehicles per day).; - Turnkey opportunity including all restaurant equipment, furnishings, and service ware.
    (203) 597-7248
    Request Owner's contact information
    524 Wolcott Rd Wolcott, CT 06716
    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.
    524 Wolcott Rd
    Wolcott, CT 06716
    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
    524 Wolcott Rd Wolcott, CT 06716
    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
    J.r. Donorfio
    (203) 597-7248 (203) 879-4973
    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!