Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Location on Busiest Corridor Title is generated by Realmo AI

    1219 W Main St. & 1-9 Main St, Branford, CT 06405

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Last available prime commercial land location on the area’s busiest corridor.

    Type:Land
    Added:
    Oct 4, 2018
    Days on Market:
    2798
    Last Refresh:
    May 19 at 8:58 pm

    Property Features for 1219 W Main St. & 1-9 Main St

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Dominick Musilli
    Dominick Musilli

    Listing agent Dominick Musilli License #CT

    Listing office TRUE Commercial Real Estate LLC

    Listing date Oct 4, 2018

    Source Crexi

    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 TRUE Commercial Real Estate LLC

    HighLights

    • Prime location on Rt. 1
    • Located on the area's busiest retail corridor
    • One of the last available properties
    • Retail location
    • Property
    • Available

    Overview

    This property represents one of the last available prime locations situated on Route 1, recognized as the area’s busiest retail corridor. The property is commercially zoned land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Branford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8263316
    Latitude
    41.2769345

    Nearby Similar for Sale

    • $749,000
      3,953 SF

      Commercial Building on West Main

      Commercial building with high visibility and ample parking.
      635 W Main Street, Branford, CT 06405
      View Details
    • $1,590,000
      5,335 SF

      Grand Colonial Estate with Income Potential

      Spacious 15-room Colonial with guest house and income potential.
      85 Cherry Hill Road, Branford, CT 06405
      View Details
    • $525,000
      2,016 SF

      Branford Multifamily Property For Sale

      Well-maintained triplex with strong rental history in Branford, Connecticut.
      687-689 W Main Street, Branford, CT 06405
      View Details
    • $975,000
      3,304 SF

      Branford Multifamily Plus Building Lot

      Rare opportunity: Three-family home plus residential building lot.
      61-63 Home Place, Branford, CT 06405
      View Details
    • $799,999

      Branford Office Building on 1.75 Acres

      Well-maintained, renovated office building with expansion potential.
      85 School Ground Rd, Branford, CT 06405
      View Details
    • $3,000,000
      3,036 SF

      Branford Mixed-Use Development Opportunity

      3-acre portfolio with mixed-use properties in downtown Branford.
      473 Main Street, Branford, CT 06405
      View Details
    • $975,000

      Residential Lot and Multi-Family Home

      Rare opportunity: residential lot plus three-family home in downtown Branford.
      59 Home Place, Branford, CT 06405
      View Details
    • $749,000
      3,953 SF

      Retail Building on West Main

      Retail building with high visibility and ample parking.
      635 West Main Street, Branford, CT 06405
      View Details
    • $869,000
      3,416 SF

      Branford Mixed-Use Investment Opportunity

      Mixed-use property near downtown Branford with income potential.
      53 Montowese Street, Branford, CT 06405
      View Details
    • $900,000
      10,520 SF

      Industrial Facility Near Stony Creek

      10,520 SF industrial facility near train and brewery.
      4-6 Indian Neck Avenue, Branford, CT 06405
      View Details
    • $4,900,000
      28,088 SF

      Branford Retail Investment Opportunity

      Fully leased retail property with long-term tenants and income growth.
      469 East Main Street, Branford, CT 06405
      View Details
    • $325,000
      1,537 SF

      Professional Office Condo For Sale

      Office condo with reception, offices, conference room, and workspace.
      420 E Main St 7, Branford, CT 06405
      View Details

    FAQs

    What type of property is this?
    Commercial land - Last available prime commercial land location on the area’s busiest corridor.
    Where is this commercial land located?
    The property is located at 1219 W Main St. & 1-9 Main St Branford, CT.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Prime location on Rt. 1; Located on the area's busiest retail corridor; One of the last available properties
    (203) 744-7777 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dominick Musilli
    Dominick Musilli
    Real Estate License ID: CT
    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
    1219 W. Main St. & 1-9 Main St, Branford, CT 06405
    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!