Wolcott Commercial Building For
1387 Meriden Rd Wolcott, CT 06716
1387 Meriden Rd, Wolcott, CT, 06716
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For Sale
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2,258 SF commercial building suitable for various business uses.
Property Size2,258 SF
Price / SF$214.79
Days on Market970
Property Features for 1387 Meriden Rd
General Information
- Standard status
- Active
- Size
- 2,258 SF
- Property subtype
- Retail
Listing Agency
Commercial Connection Real Estate LLC
(203) 596-7777
Listed by
John Famiglietti · License #CT REB.0754759
Source
Crexi
Added: Nov 20, 2023 Checked: Jul 17 at 4:38 am
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 Commercial Connection Real Estate LLC
Investment Insights
Based on property information with market context.
A 2,258 square foot commercial building is available for sale. The property benefits from a traffic count of 13,700 and 120 feet of frontage with two curb cuts. The site is suitable for a restaurant, medical office, daycare center, or retail establishment.
Key Highlights
- High traffic count: 13,700
- Versatile commercial building: Suitable for Restaurant, Medical, Daycare, or Retail
- 2,258 +/- SF Commercial Building
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.8k | $13.20 |
| − Vacancy | −$2.5k | −$1.12 |
| EGI | $27.3k | $12.08 |
| − OpEx | −$8.2k | −$3.62 |
| NOI | $19.1k | $8.45 |
2,258 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$272.7K
$238.6K – $318.2K
NOI $19,090 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$599.2K
$524.3K – $699.1K
NOI $41,945 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Thai Palace
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 2,258 SF commercial building suitable for various business uses.
Where is this retail space located?
The property is located at 1387 Meriden Rd Wolcott, CT.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: High traffic count: 13,700; Versatile commercial building: **Suitable for Restaurant, Medical, Daycare, or Retail**; 2,258 +/- SF Commercial Building
