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    Property profile & analytics

    36 Wakelee Rd Wolcott, CT 06716-2610

    • Industrial properties
    • 7,732 SF
    • 1.65 lot acres
    OFF-MARKET
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0837829
    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

    • Klasa Enterprises LLC / Industrial Manufacturer

    Property Details for 36 Wakelee Rd

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.65 lot acres
    Property size
    7,732 SF
    Zone code
    IND
    Property type
    Industrial properties
    APN
    WOLC M:109 B:4 L:14
    APU
    WOLCM109B4L14

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $309,000
      Market price range: $183k - $435k
      AI Estimate
      $502,000
      Market price range: $229k - $821k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $310,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $765,000
      Change: +146% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $700,000
      Change: +126% Conversion: Easy
      COMMERCIAL (GENERAL)
      $675,000
      Change: +118% Conversion: Difficult
      OFFICE BUILDING
      $630,000
      Change: +103% Conversion: Difficult
      RETAIL STORES
      $625,000
      Change: +102% Conversion: Moderate
      WAREHOUSE, STORAGE
      $455,000
      Change: +47% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wolcott
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0013
    Latitude
    41.576
    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
    $8,595
    $151,590
    $118,110
    $269,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,215,000
      133,179 SF

      8 Town Line Rd

      INDUSTRIAL (GENERAL) • 133,179 SF
      8 Town Line Rd, Wolcott, CT 06716
      View Details
    • Value Estimation by Request
      6,000 SF

      1 Nutmeg Vly Rd

      INDUSTRIAL (GENERAL) • 6,000 SF
      1 Nutmeg Vly Rd, Wolcott, CT 06716-2603
      View Details
    • Value Estimation by Request
      3.86 Acres

      1140 Wolcott Rd

      INDUSTRIAL (GENERAL) • 3.86 Acres
      1140 Wolcott Rd, Wolcott, CT 06716-1531
      View Details
    • Value Estimation by Request
      7,392 SF

      14 Swiss Ln

      INDUSTRIAL (GENERAL) • 7,392 SF
      14 Swiss Ln, Wolcott, CT 06716-2622
      View Details
    • Value Estimation by Request
      10,300 SF

      30 Tosun Rd

      INDUSTRIAL (GENERAL) • 10,300 SF
      30 Tosun Rd, Wolcott, CT 06716-2629
      View Details
    • Value Estimation by Request
      1,750 SF

      16 Town Line Rd Ste 2g

      CONDOMINIUMS (INDUSTRIAL) • 1,750 SF
      16 Town Line Rd Ste 2g, Wolcott, CT 06716-2636
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Wolcott Commercial Building with Pavilion

      Freestanding commercial building with outdoor pavilion on 2 acres.
      10 Wakelee Rd, Wolcott, CT 06716
      View Details
    • Contact for pricing
      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
    • $1,125,000
      16,199 SF

      Wolcott Commercial/Industrial Building For Sale

      Commercial/industrial building on 2.64 acres with redevelopment opportunity.
      955 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $1,250,000
      7.10 Acres

      Wolcott Land on Route 69

      7.1 acres of land on Wolcott Road available for sale.
      866 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $60,000
      Pending

      Wolcott Land with Development Potential

      3.3 acres of land suitable for development in Wolcott, CT.
      70B And 71B, Wolcott, CT 06716
      View Details
    • $399,000
      55.37 Acres

      Wolcott Land Package Opportunity

      55.37 acres in Wolcott, suitable for farming or development.
      Central Ave And Old Bound Line Rd, Wolcott, CT 06716
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      3,500 SF

      Retail and Warehouse Space Available

      Retail and warehouse spaces for lease, separately or together.
      95 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $8 SF/Yr
      7,400 SF

      Wolcott Industrial/Flex Space For Rent

      7,400 SF industrial/flex space with ample outdoor yard area.
      15 Nutmeg Valley Rd, Wolcott, CT 06716
      View Details
    • Contact for pricing

      Wolcott Retail Plaza Space Available

      Well-maintained retail plaza with open layout and existing plumbing.
      524 Wolcott Rd, Wolcott, CT 06716
      View Details
    • Contact for pricing

      Wolcott Road Office Complex Space

      Office spaces for lease in Wolcott, CT on Wolcott Road.
      464 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $950 /Mo
      600 SF

      Wolcott Road Office Space Available

      600 SF office space with utilities included for rent.
      246 Wolcott Rd, Wolcott, CT 06716
      View Details
    • $600 /Mo
      300 SF

      Wolcott Road Office/Retail Space

      Office or retail space with private entrance and half bath.
      1188 Wolcott Rd, Wolcott, CT 06716
      View Details

    Property Visit Statistics

    • Visits by month
      3.8k
    • Visitors by month
      3.3k
    • Avg Time on site
      7 min
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    Wolcott, CT 06716-2610
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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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