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

    524 Wolcott Rd Wolcott, CT 06716

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

    Well-maintained retail plaza with open layout and existing plumbing.

    Property Features for 524 Wolcott Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Noah D. Matthews- Broker
    Source: Crexi

    Listing Agency: Matthews Commercial Properties LLC Listing Agent: Noah D. Matthews- Broker

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

    Learn more

    Overview

    Wolcott Retail Plaza Space Available

    This well-maintained neighborhood retail plaza offers an open layout suitable for service retail, professional office, or specialty retail users. The space was formerly a salon and features existing plumbing and floor drains throughout the unit. Gas heat is available. The property benefits from a convenient location on Wolcott Rd. and offers excellent signage opportunities. Competitive lease rates are offered.
    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 Lease

    • $2,000 /Mo
      2,000 SF

      Wolcott Commercial Space For Lease

      Retail or office space available in high-traffic Wolcott location.
      1457 Meriden Rd, Wolcott, CT 06716
      View Details
    • $500 /Mo
      300 SF

      Wolcott Office Space For Rent

      Office space available in Wolcott, CT. Ideal for therapists.
      246 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $950 /Mo
      600 SF

      Wolcott Office Space For Rent

      600 SF office space with utilities included for rent.
      246 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $2,300 /Mo

      Wolcott Road Medical Office Space

      Turn-key medical office space in a well-maintained complex.
      464 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $2,000 /Mo

      Retail/Office Space on Heavy Traffic

      Retail or office space available in a busy plaza.
      1457 Meriden Rd, Wolcott, CT 06716
      View Details
    • $500 /Mo
      300 SF

      Office Space for Rent

      Office space available, suitable for therapists.
      246 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $950 /Mo
      600 SF

      Wolcott Road Office Space Available

      600 SF office space with utilities included for rent.
      246 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $600 /Mo
      300 SF

      Wolcott Road Office/Retail Space

      Office or retail space with private entrance and half bath.
      1188 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $1,800 /Mo
      2,000 SF

      Prime Medical Office Space Available

      First-floor, 2000 sq. ft. office space for rent.
      464 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $1,000 /Mo
      8,769 SF

      Wolcott Road Office Space Available

      Office space for rent in high-traffic Wolcott Road area.
      250 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $13 SF/Yr
      3,500 SF

      Retail and Warehouse Space Available

      Retail and warehouse spaces for lease, separately or together.
      95 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $8 SF/Yr
      7,400 SF

      Wolcott Industrial/Flex Space For Rent

      7,400 SF industrial/flex space with ample outdoor yard area.
      15 Nutmeg Valley Rd, Wolcott, CT 06716
      View Details

    FAQs

    What type of property is this?
    Retail space - Well-maintained retail plaza with open layout and existing plumbing.
    Where is this retail space located?
    The property is located at 524 Wolcott Rd Wolcott, CT.
    What are key features of this property?
    This property features: - Convenient Wolcott Rd. location; - Competitive lease rate; - Open layout suitable for various uses (service retail, professional office, or specialty retail)
    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
    Noah D. Matthews- Broker
    Real Estate License ID: REB.0792777
    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!