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    Property profile & analytics

    100 Center St, Unit 205 Wallingford, CT 06492

    • Showrooms
    • 8,326 SF
    • 0.26 lot acres
    For Lease
    View listing
    $900 /Mo
    Last Sale
    Jan 27, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0731594
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lauren B Pisano / Marriage Or Relationship Counselor
    • CEI Smith & Assoc LLC / Law Firm / Security Service
    • LP Counseling Services / Counselor
    • Karen Kremzar, Holistic Occupational Therapist / Physician
    • The Health Bank / Gym & Fitness Center / Alternative Medicine Practice

    Property Details for 100 Center St

    Year built
    1890
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.26 lot acres
    Property size
    8,326 SF
    Property type
    Showrooms
    APN
    WALL M:133 L:307
    APU
    WALLM133L307

    Description

    The Health Bank, located at 100 Center St, Wallingford, CT 06492, offers 8 suites in a renovated (2021) two-story building (8,326 total sq ft) with 1,634 sq ft currently vacant. Individual suites range from 188 to 762 contiguous sq ft, ideal for various medical or traditional office uses. The property features 26 on-site parking spaces, including EV charging, plus ample street and town parking. Situated on 0.26 acres, this building boasts convenient access to major roadways (Route 15, I-91, Route 5) and public transportation (Amtrak and Hartford Line). The building is zoned CA6 in New Haven County and benefits from Wallingford's low municipal electricity rates. Built in 1890, this updated facility offers a vibrant, accessible, and eco-friendly environment, anchored by a successful first-floor tenant, ensuring high foot traffic. The property is conveniently located between Hartford and New Haven.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $821,000
      Market price range: $589k - $1.16M
      AI Estimate
      $634,000
      Market price range: $285k - $932k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $820,000
      Current use
      RETAIL STORES
      $905,000
      Change: +10% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $870,000
      Change: +6% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $755,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallingford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8221
    Latitude
    41.4562
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,342
    $64,800
    $458,100
    $522,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,850,000
      41,976 SF

      1062 Barnes Rd

      SHOW ROOM, WAREHOUSE • 41,976 SF
      1062 Barnes Rd, Wallingford, CT 06492-6012
      View Details
    • Value Estimation
      $18,635,000
      172,027 SF

      844 Colony Rd

      SHOW ROOM, WAREHOUSE • 172,027 SF
      844 Colony Rd, Wallingford, CT 06492-2771
      View Details
    • Value Estimation by Request
      2,015 SF

      1033 Colony Rd

      SHOW ROOM, WAREHOUSE • 2,015 SF
      1033 Colony Rd, Wallingford, CT 06492-1704
      View Details
    • Value Estimation
      $5,365,000
      62,556 SF

      920 Colony Rd

      SHOW ROOM, WAREHOUSE • 62,556 SF
      920 Colony Rd, Wallingford, CT 06492-5267
      View Details
    • Value Estimation
      $3,970,000
      35,385 SF

      850 Colony Rd, Unit 852

      SHOW ROOM, WAREHOUSE • 35,385 SF
      850 Colony Rd, Wallingford, CT 06492-2410
      View Details
    • Value Estimation
      $6,160,000
      48,942 SF

      863 Main St Ext

      SHOW ROOM, WAREHOUSE • 48,942 SF
      863 Main St Ext, Wallingford, CT 06492-2434
      View Details

    Similar Nearby for Sale

    • $650,000
      2,962 SF

      Mixed-Use Property Near Train Station

      Mixed-use property with retail and residential units near train station.
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      Established Cleaning Business For Sale

      Profitable cleaning business with contracts and equipment included.
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      Wallingford Mixed-Use Building For Sale

      Mixed-use building in Wallingford center, near train station.
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    • $750,000
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      Wallingford Commercial Building For Sale

      4,000 sq ft building in high-traffic location.
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      Versatile Commercial/Industrial Building For Sale

      Spacious building with service bays, office, and ample parking.
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    Similar Nearby for Lease

    • Contact for pricing
      1,680 SF

      Retail Spaces For Lease

      Retail spaces available in Wallingford, CT, near I-91.
      822-824 E Center St, Wallingford, CT 06492
      View Details
    • Contact for pricing
      6,100 SF

      Retail Space in High-Traffic Area

      Retail space with ample parking and excellent visibility.
      1145-1167 N Colony Rd, Wallingford, CT 06492
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in High-Traffic Area

      Retail space with ample parking and excellent visibility.
      1145 N Colony Rd, 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.
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      View Details
    • Contact for pricing

      Former Bank in Central Wallingford

      3,500 SF former bank with basement on corner lot.
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    • Contact for pricing
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      Retail Space in Silver Sands Plaza

      Retail space available in Wallingford's Silver Sands Plaza.
      994 N Colony Rd, Wallingford, CT 06492
      View Details
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    Wallingford, CT 06492
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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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