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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    88 Bradley Rd Woodbridge, CT 06525

    • Office Properties & Spaces
    • 8,034 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sidney S. Horowitz, PhD. LLC / Physician / Medical Clinic
    • Holt Law, LLC / Law Firm / Child Welfare Organization
    • BH Roofing Flat Roof Specialist / Roofing Company / General Contractor
    • BH Roofing / Roofing Company / General Contractor
    • BH Roofing LLC / Roofing Company / General Contractor

    Property Details for 88 Bradley Rd

    Year built
    1986
    Property size
    8,034 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This exceptional creative office space at 88 Bradley Rd, Woodbridge, CT 06525, offers 8 suites totaling 8,034 square feet within a single, two-story building constructed in 1986. The property boasts a park-like setting with magnificent views of West Rock Park, providing a tranquil and inspiring work environment. Conveniently located near the intersection of Bradley Road and Lunar Drive, it offers easy access to both Fairfield and New Haven Counties, situated just half a mile from the Merritt/Wilbur Cross Parkway. The building is zoned DEV2 and features electric and gas power. Elevators are not available. Currently, one suite is available for lease, Unit 3, encompassing 1,063 square feet at a monthly rental rate of $1,400, plus utilities (electric and gas). This flexible space and lease terms make it ideal for a variety of professional practices, local branch offices, or new businesses. The property presents an excellent value and competitive rental rate in a prestigious office and research park setting. The building consists of multiple tenancies.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woodbridge
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9778
    Latitude
    41.346

    Comparable in this City

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      1 Bradley Rd, Unit 601

      CONDOMINIUM OFFICES • 1,094 SF
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      CONDOMINIUM OFFICES • 565 SF
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      1 Bradley Rd, Unit 604

      CONDOMINIUM OFFICES • 808 SF
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      1 Bradley Rd Ste, Unit 303

      CONDOMINIUM OFFICES • 565 SF
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      1 Bradley Rd Ste, Unit 304

      CONDOMINIUM OFFICES • 1,080 SF
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      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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      Woodbridge Creative Office Space

      8 Suites, 8,034 SF, Available Now
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    • $1,400 /Mo
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      Woodbridge Office Space For Lease

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    • $1,650 /Mo
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      Woodbridge Office Space For Lease

      Office space for lease in Woodbridge, convenient location, flexible terms.
      88 Bradley Rd, Woodbridge, CT 06525
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    88 Bradley Rd
    Woodbridge, CT 06525
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    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
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