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Property profile & analytics
FOR LEASE
Industrial properties
35 Thorpe Ave Wallingford, CT 06492
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0907215
For Lease
1 / 2
$22.50 SF/Yr
35 Thorpe Ave, Wallingford, CT 06492
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1990
Construction
STEEL FRAME
Total area
86,171 SF
Lot
6.6 ac (287,497 SF)
APN
WALL M:067 L:016
UPID
US15-0907215
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
-
Sinclair Risk & Financial Management Insurance Agency
-
HealthyCT Insurance Agency
-
Aware Recovery Care Home-Based Addiction Treatment Medical Clinic
-
Carson Wealth Financial Advisor
-
Pearson Professional Center Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.10M
Blend (final)
Blend
$5.39M
Owner & transaction history
35 Thorpe Ave Assoc LLC · 6 yrs held
35 Thorpe Ave Assoc LLC
since 2019
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
COMMERCIAL (GENERAL)
$8,510,000
Current use
AUTO REPAIR, GARAGE
$7,815,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$5.39M
Range $4.85M – $5.92M · ±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
$62 / 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
$112,959
Tax year 2023
Assessed value
$3,850,000
Assessed 2023
Previous assessed
$5,196,900
-25.9% YoY
Effective rate
2.93%
On assessed value
Assessed land
$1,611,700
Assessed improvement
$2,238,300
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
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Lease
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
9
Total area
86,171 SF
Lot
6.6 ac (287,497 SF)
APN
WALL M:067 L:016
UPID
US15-0907215
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
COMMERCIAL (GENERAL) Current
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$7.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
9
Lot
6.6 ac
Current owner
From public records · entity-resolved
35 Thorpe Ave Assoc LLC
Entity
Mailing address
195 CHURCH ST FL #9, NEW HAVEN, CT 06510-2009
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
35 Thorpe Ave Assoc LLC
—
Deed
related
$500,000 · Digital FCU
Nov 7, 2019
—
35 Thorpe Ave Assoc LLC
—
Deed
related
$1,500,000 · Klp Ents LLC
Oct 7, 2019
$3,800,000
35 Thorpe Ave Assoc LLC
Lsref4 Rebound LLC
Warranty Deed
$3,170,000 · Digital FCU
Jun 5, 2015
—
Lsref 4 Rebound LLC
Hub Properties Trust
Warranty Deed
—
Jun 3, 1998
$10,470,000
Prop T Hub
Signature Assoc
Warranty Deed
—
May 16, 1997
—
Signature Assoc
—
Deed Of Trust
related
$8,250,000 · Ali INC
—
—
35 Thorpe Ave Assoc LLC
—
Deed Of Trust
related
$1,500,000 · Klp Ents LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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