Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    354 Woodmont Rd Unit Milford Ct Milford, CT 06460

    • Warehouses
    • 2,648 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 354 Woodmont Rd Unit Milford Ct

    Year built
    1989
    Property size
    2,648 SF
    Property type
    Warehouses
    Property subtype
    Life science properties

    Description

    This exceptional 2,648 square foot industrial condo in Milford, Connecticut, presents a unique investment opportunity. Located at 354 Woodmont Road, Unit , this single-story building, constructed in 1989, offers a spacious and functional layout ideal for various uses, including distribution, research and development, or warehousing. The property boasts a large end-unit design, making it the largest single unit in the complex. Key features include a convenient overhead door, two bathrooms, gas heating, and central air conditioning, ensuring year-round comfort and operational efficiency. The property is zoned ID, allowing for a range of industrial applications. Its strategic location provides easy access to Interstate 95 via Exit 40, facilitating seamless transportation and logistics. This property offers a chance to establish or expand your business within the thriving Milford, CT business community. The asking price is $279,900. This is a single-unit property within a larger complex.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0144
    Latitude
    41.2377

    Comparable in this City

    • Value Estimation by Request
      12.14 Acres

      283 Woodmont Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 12.14 Acres
      283 Woodmont Rd, Milford, CT 06460-2847
      View Details
    • Value Estimation by Request
      416 SF

      1050 Bridgeport Ave, Unit C6

      CONDOMINIUMS (INDUSTRIAL) • 416 SF
      1050 Bridgeport Ave, Milford, CT 06460-3191
      View Details
    • Value Estimation
      $780,000
      29,680 SF

      100 Research Dr

      INDUSTRIAL (GENERAL) • 29,680 SF
      100 Research Dr, Milford, CT 06460-2838
      View Details
    • Value Estimation
      $12,645,000
      150,948 SF

      75 Cascade Blvd

      INDUSTRIAL (GENERAL) • 150,948 SF
      75 Cascade Blvd, Milford, CT 06460-2849
      View Details
    • Value Estimation by Request
      4,380 SF

      101 Gulf St

      INDUSTRIAL (GENERAL) • 4,380 SF
      101 Gulf St, Milford, CT 06460-4812
      View Details
    • Value Estimation
      $815,000
      25,610 SF

      230 Pepes Farm Rd

      INDUSTRIAL (GENERAL) • 25,610 SF
      230 Pepes Farm Rd, Milford, CT 06460-8611
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,539 SF

      Light Industrial Building For Sale

      17,539 SF light industrial building with long-term credit tenant.
      291 Pepes Farm Rd, Milford, CT 06460
      View Details
    • $1,490,000
      14,000 SF

      Retail and Warehouse Space Available

      14,000 SF retail and warehouse space for sale.
      461 Bridgeport Ave, Milford, CT 06460
      View Details
    • Contact for pricing
      3,118 SF

      Warehouse with Office Space

      Warehouse with office, kitchen, and bathroom near downtown Milford.
      6 Golden Hill St, Milford, CT 06460
      View Details
    • $289,000
      0.25 Acres

      Milford Commercial Land For Sale

      Fenced lot with sheds and garage in light industrial zone.
      Thornton St, Milford, CT 06460
      View Details
    • $169,900
      1,144 SF

      Downtown Milford Commercial Condo

      Prime Location, Updated Space, Great Parking
      243 Broad St Unit, Milford, CT 06460
      View Details
    • $499,900

      Milford Specialty Property For Sale

      Specialty property available for purchase in Milford, Connecticut.
      822 New Haven Ave, Milford, CT 06460
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      85,000 SF

      Milford Industrial Space For Lease

      High-quality industrial space with excellent connectivity in Milford, Connecticut.
      80 Wampus Ln, Milford, CT 06460
      View Details
    • $8 SF/Yr
      23,500 SF

      Milford Commercial Space For Lease

      Office and warehouse space available for lease in Milford, CT.
      262 Depot Rd, Milford, CT 06460
      View Details
    • Contact for pricing
      28,385 SF

      Industrial Building Near I-95

      28,385 SF industrial building for lease near I-95.
      45 Woodmont Rd, Milford, CT 06460
      View Details
    • $102 SF/Yr
      17,839 SF

      Milford, CT Flex Space Available

      Modern Flex Building, 13,434 SF Available
      333 Quarry Rd, Milford, CT 06460
      View Details
    • $102 SF/Yr
      17,839 SF

      Prime Quarry Road Flex Space

      17,839 SF Flex Building, 1.5 Acres
      333 Quarry Rd, Milford, CT 06460
      View Details
    • $22 SF/Yr
      27,025 SF

      Prime Milford Office Space

      Modern Office Suites, Excellent Location
      670 Boston Post Rd, Milford, CT 06460
      View Details
    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.
    354 Woodmont Rd Unit Milford Ct
    Milford, CT 06460
    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

    Google sign-in failed. Please try again or use another login method.