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Property profile & analytics
FOR LEASE
Industrial properties
15 Sterling Dr Wallingford, CT 06492
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-0551158
For Lease
$7,505,000
15 Sterling Dr, Wallingford, CT 06492
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Construction
STEEL FRAME
Total area
172,027 SF
Lot
22.38 ac (974,873 SF)
APN
WALL M:052 L:011
UPID
US15-0551158
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Arris Group Telecommunications Service
-
Zed Portable Toilet Rentals Building Supply
-
MRC Global Factory Industrial Manufacturer
-
Fiserv, Inc Check Cashing
-
Redcross Blood Drive Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.71M
Blend (final)
Blend
$7.51M
Owner & transaction history
Sapphire Group 151 LLC · 7 yrs held
Sapphire Group 151 LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wallingford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wallingford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,165,000
Current use
WAREHOUSE, STORAGE
$10,125,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$7.51M
Range $6.75M – $8.26M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$44 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$147,360
Tax year 2023
Assessed value
$5,022,500
Assessed 2023
Previous assessed
$5,022,500
+0.0% YoY
Effective rate
2.93%
On assessed value
Assessed land
$1,305,200
Assessed improvement
$3,717,300
Applied tax rate
310.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1978
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
5
Total area
172,027 SF
Lot
22.38 ac (974,873 SF)
APN
WALL M:052 L:011
UPID
US15-0551158
Jurisdiction
WALLINGFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.2M
WAREHOUSE, STORAGE
Est. value
$10.1M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
5
Lot
22.38 ac
Current owner
From public records · entity-resolved
Sapphire Group 151 LLC
Entity
Mailing address
2 MALKA WAY, LAKEWOOD, NJ 08701-1173
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2020
—
Sapphire Group I51 LLC
—
Deed
related
$9,500,000 · Bankwell Bank
Jul 27, 2018
$5,650,000
Sapphire Group 151 LLC
Lsref4 Rebound LLC
Warranty Deed
$10,400,000 · Loan Funder LLC
Jun 5, 2015
—
Lsref 4 Rebound LLC
Hub Properties Trust
Warranty Deed
—
Oct 26, 2006
$11,019,023
Dog Properties T Blue
We 15 Sterling LLC
Grant Deed
—
May 14, 2003
—
W E 15 Sterling LLC
—
Deed Of Trust
related
$1,625,000 · Citizens Bank Of Ma
Dec 13, 2002
$500,000
We 15 Sterling LLC
Gkn Westland Aerospace
Warranty Deed
—
Jun 5, 2002
$335,700
Gkn Westland Aerospace
Orchard Properties
Warranty Deed
—
Aug 4, 1993
—
Orchard Properties
—
Deed Of Trust
related
$250,000 · Centerbank Mortgage
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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