Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7 Wallace Row Wallingford, CT 06492
    Back to Search
    Property profile & analytics

    7 Wallace Row Wallingford, CT 06492

    View on Map
    • Retail properties & Spaces
    • 1,150 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Right at Home / Social Service Agency

    Property Details for 7 Wallace Row

    Year built
    2014
    Property size
    1,150 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 1,150-square-foot commercial property, located at 7 Wallace Row in Wallingford, Connecticut, presents a unique opportunity for businesses seeking a versatile and well-appointed space. Built in 2014, this two-story building offers a single-tenant occupancy within a mixed-use zoning area. The property features a welcoming first floor layout including a reception area, a versatile office/conference room, a kitchen, and ample natural light throughout. Upstairs, two private offices provide executive space, complemented by an open workspace ideal for collaboration and a dedicated storage room. A full basement offers additional storage solutions. The building's convenient location near Route 5 in New Haven County, zip code 06492, ensures easy access for clients and employees. This property is perfect for a variety of businesses seeking a modern, functional, and well-situated office space in a thriving Connecticut community. The building is situated on a single lot and offers a blend of modern amenities and practical functionality, making it an ideal choice for businesses seeking a productive and inspiring work environment. The property's mixed-use zoning allows for flexibility in its potential uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wallingford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8203
    Latitude
    41.4627

    Comparable in this City

    • Value Estimation by Request
      9,996 SF

      720 Main Street Ext

      Medical Office Space • 9,996 SF
      720 Main Street Ext, Wallingford, CT 06492
      View Details
    • Value Estimation by Request
      159,603 SF

      1240 Broad St

      Retail properties & Spaces • 159,603 SF
      1240 Broad St, Wallingford, CT 06492
      View Details
    • Value Estimation by Request
      18,516 SF

      824 Center St

      Strip malls • 18,516 SF
      824 Center St, Wallingford, CT 06492
      View Details
    • Value Estimation by Request
      245 SF

      85 Barnes Rd, Unit 3I

      CONDOMINIUM OFFICES • 245 SF
      85 Barnes Rd, Wallingford, CT 06492-1832
      View Details
    • Value Estimation by Request
      500 SF

      85 Barnes Rd, Unit 2O

      CONDOMINIUM OFFICES • 500 SF
      85 Barnes Rd, Wallingford, CT 06492-1832
      View Details
    • Value Estimation by Request
      500 SF

      85 Barnes Rd, Unit 1C

      CONDOMINIUM OFFICES • 500 SF
      85 Barnes Rd, Wallingford, CT 06492-1832
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Multi-Tenant Property on Route-5

      Fully leased Wallingford property with long-term NNN leases.
      800 N Colony Rd, Wallingford, CT 06492
      View Details
    • Contact for pricing
      3,000 SF

      Medical/Office Space Near Highway

      New medical/office building with highway access and ample parking.
      800 N Colony Rd, Wallingford, CT 06492
      View Details
    • Contact for pricing
      21,177 SF

      Industrial Flex Building For Sale

      21,177 SF industrial flex building on 2.43 acres.
      135 N Plains Industrial Rd, Wallingford, CT 06492
      View Details
    • $150,000

      Established Cleaning Business For Sale

      Profitable cleaning business with contracts and equipment included.
      Champion Maintenance & Janitorial St, Wallingford, CT 06492
      View Details
    • $650,000
      Pending

      Mixed-Use Property Near Train Station

      Mixed-use property with retail and residential units near train station.
      85 N Colony St, Wallingford, CT 06492
      View Details
    • $650,000
      Pending

      Wallingford Mixed-Use Building For Sale

      Mixed-use building in Wallingford center, near train station.
      85 N Colony St, Wallingford, CT 06492
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Harvest Park Commercial Space Available

      Commercial space for lease in Harvest Park Campus.
      101 N Plains Industrial Rd, Wallingford, CT 06492
      View Details
    • Contact for pricing

      Retail/Office Building End Cap Available

      Retail/office building with 2,500 SF end cap for lease.
      720 N Main Street Ext, Wallingford, CT 06492
      View Details
    • $10 SF/Yr
      66,000 SF

      Wallingford Commercial Space For Lease

      Flex/Retail/Medical/Service space in Wallingford, CT with highway exposure.
      950 Yale Ave, Wallingford, CT 06492
      View Details
    • $900 /Mo
      383 SF

      Wallingford Medical Office Space Available

      Premier health and wellness center office space for rent.
      100 Center St, Wallingford, CT 06492
      View Details
    • Contact for pricing

      Wallingford Office/Flex Space Available

      Office and flex space for lease in Wallingford, Connecticut.
      860 N Main Street Ext, Wallingford, CT 06492
      View Details
    • $22 SF/Yr
      Pending

      Wallingford Medical/Office Space For Lease

      Multi-tenant building with flexible layout and park-like setting.
      97 Barnes Rd, Wallingford, CT 06492
      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.
    7 Wallace Row
    Wallingford, CT 06492
    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
    7 Wallace Row, Wallingford, CT, 06492
    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!