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

    1398 Wolcott Rd Wolcott, CT 06716-1562

    • Residential income homes
    • 2,016 SF
    • 0.64 lot acres
    OFF-MARKET
    Last Sale
    Oct 10, 2023
    $310,000
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    6.9%
    Residential income homes
    Location Intelligence
    Property ID
    US15-1267308
    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

    • Residential income homes

    Property Details for 1398 Wolcott Rd

    Year built
    1955
    Construction
    CONCRETE
    Lot size
    0.64 lot acres
    Property size
    2,016 SF
    Zone code
    R-30
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    WOLC M:119 B:4 L:50
    APU
    WOLCM119B4L50

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $330,000
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $380,000
      6.5%
      $350,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $283,000
      Market price range: $130k - $283k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $200,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wolcott
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.964
    Latitude
    41.6249
    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
    2024
    $6,006
    $37,130
    $144,490
    $181,620
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $435,000
      6.50 Acres

      86 Potuccos Ring Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 6.50 Acres
      86 Potuccos Ring Rd, Wolcott, CT 06716-2460
      View Details
    • Value Estimation
      $350,000
      3,480 SF

      55 Potuccos Ring Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,480 SF
      55 Potuccos Ring Rd, Wolcott, CT 06716-2446
      View Details
    • Value Estimation
      $360,000
      3,456 SF

      158 Brks Hl Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,456 SF
      158 Brks Hl Rd, Wolcott, CT 06716-2454
      View Details
    • Value Estimation
      $285,000
      2,659 SF

      1379 Meriden Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,659 SF
      1379 Meriden Rd, Wolcott, CT 06716-3147
      View Details
    • Value Estimation
      $310,000
      52.23 Acres

      697 Beecher Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 52.23 Acres
      697 Beecher Rd, Wolcott, CT 06716
      View Details
    • Value Estimation
      $235,000
      1,491 SF

      5 Mohawk Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,491 SF
      5 Mohawk Dr, Wolcott, CT 06716-3106
      View Details

    Similar Nearby for Sale

    • $950,000

      Turnkey Six-Unit Multifamily Residence

      Modernized six-unit multifamily residence with extensive capital upgrades.
      1259 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $899,000
      3,123 SF

      Restaurant Property on 0.86 Acres

      Turnkey restaurant with indoor and outdoor seating on 0.86 acres.
      605 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $369,900

      Wolcott Specialty Property For Sale

      Specialty property available for purchase in Wolcott, Connecticut.
      81 Allentown Rd, Wolcott, CT 06716
      View Details
    • $275,000
      33.61 Acres

      Wolcott Residential Land Opportunity

      33.61 acres of land suitable for single-family home development.
      Spindle Hill Rd, Wolcott, CT 06716
      View Details
    • $3,699,000
      33,786 SF

      Industrial Manufacturing Facility For Sale

      33,786 SF manufacturing facility on 36.56 acres, built in 2003.
      1 Hillside Dr, Wolcott, CT 06716
      View Details
    • $925,000

      Wolcott Specialty Property For Sale

      Specialty property available for purchase in Wolcott, Connecticut.
      20 Upson Rd, Wolcott, CT 06716
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      17,344 SF

      Wolcott Warehouse: 17,344 SF

      1-Story Warehouse, 4 Docks, 1 Acre Lot
      31 Tosun Rd, Wolcott, CT 06716
      View Details
    • $1,800 /Mo
      2,000 SF

      Prime Medical Office Space Available

      First-floor, 2000 sq. ft. office space for rent.
      464 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $2,300 /Mo
      1,700 SF

      Wolcott Road Medical Office Space

      Turn-key medical office space in a busy Wolcott complex.
      464 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $1,000 /Mo
      8,769 SF

      Wolcott Commercial Space For Lease

      Commercial space available for lease in high-traffic Wolcott location.
      250 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $10 SF/Yr
      3,260 SF

      Wolcott Medical Office Suites

      Three medical suites available, 1,000-1,260 sq ft.
      509 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $12 SF/Yr
      1 SF

      Farmingbury Center Retail Space

      Wolcott, CT retail space for lease.
      1585 Meriden Rd, Wolcott, CT 06716
      View Details
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    1398 Wolcott Rd
    Wolcott, CT 06716-1562
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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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