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    Property profile & analytics

    37 Main St Wallingford, CT 06492-3722

    • Industrial properties
    • 29,879 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimations
    $2,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0766772
    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

    • ARB Property Services, LLC / Landscaping / General Contractor
    • J&UchimneySweep&dryerVent / Corporate Office

    Property Details for 37 Main St

    Year built
    1863
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.76 lot acres
    Property size
    29,879 SF
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    WALL M:134 L:210
    APU
    WALLM134L210

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,274,000
      Market price range: $2.11M - $4.18M
      AI Estimate
      $1,754,000
      Market price range: $1.02M - $3.34M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,950,000
      Current use
      RETAIL STORES
      $3,240,000
      Change: +10% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,130,000
      Change: +6% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,710,000
      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
    -72.8173
    Latitude
    41.4546
    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
    $42,455
    $221,500
    $1,225,500
    $1,447,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,385,000
      86,171 SF

      35 Thorpe Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 86,171 SF
      35 Thorpe Ave, Wallingford, CT 06492-1999
      View Details
    • Value Estimation by Request
      6.01 Acres

      506 Main St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 6.01 Acres
      506 Main St, Wallingford, CT 06492-1722
      View Details
    • Value Estimation
      $560,000
      1.60 Acres

      46 Plns Industrial Rd, Unit 48

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1.60 Acres
      46 Plns Industrial Rd, Wallingford, CT 06492-2783
      View Details
    • Value Estimation
      $1,745,000
      40,000 SF

      90 Plns Industrial Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 40,000 SF
      90 Plns Industrial Rd, Wallingford, CT 06492-2334
      View Details
    • Value Estimation
      $525,000
      5,000 SF

      316 Woodhouse Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,000 SF
      316 Woodhouse Ave, Wallingford, CT 06492-5439
      View Details
    • Value Estimation
      $4,440,000
      107,845 SF

      20 Alexander Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 107,845 SF
      20 Alexander Dr, Wallingford, CT 06492-2458
      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.
      85 N Colony St, Wallingford, CT 06492
      View Details
    • $650,000
      2,868 SF

      Wallingford Mixed-Use Building For Sale

      Mixed-use building in Wallingford center, near train station.
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      View Details
    • $650,000
      2,868 SF

      Wallingford Mixed-Use Building For Sale

      Mixed-use building in Wallingford center, near train station.
      85 N Colony St, Wallingford, CT 06492
      View Details
    • $2,100,000
      16,480 SF

      Wallingford Warehouse on 1.29 Acres

      16,480 SF warehouse built in 2004 on 1.29 acres.
      206 Main Street Ext, Wallingford, CT 06492
      View Details
    • $750,000
      4,100 SF

      Wallingford Commercial Building For Sale

      4,000 sq ft building in high-traffic location.
      1191 N Colony Rd, Wallingford, CT 06492
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    • $625,000
      4,475 SF

      Versatile Commercial/Industrial Building For Sale

      Spacious building with service bays, office, and ample parking.
      1145 Old Colony Rd, Wallingford, CT 06492
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Harvest Park Commercial Space Available

      Commercial space for lease in Harvest Park Campus.
      101 N Plains Industrial Rd, Wallingford, CT 06492
      View Details
    • Contact for pricing

      Wallingford Flex and Office Space

      22,711 SF flex/office space in modern building for lease.
      2 Barnes Industrial Park Rd, Wallingford, CT 06492
      View Details
    • Contact for pricing
      15,271 SF

      Wallingford Industrial Warehouse Space

      15,271 square foot warehouse in Wallingford Industrial Park.
      50 Barnes Industrial Park N, Wallingford, CT 06492
      View Details
    • Contact for pricing

      Wallingford Office/Flex Space Available

      Office and flex space for lease in Wallingford, Connecticut.
      860 N Main Street Ext, Wallingford, CT 06492
      View Details
    • $18 SF/Yr
      3,078 SF

      Wallingford Flex/Industrial Space Available

      Flex/industrial space available for lease in Wallingford, Connecticut.
      892 North Colony Rd, Wallingford, CT 06492
      View Details
    • Contact for pricing
      3,455 SF

      Wallingford Warehouse Condominium For Rent

      3,455 SF warehouse condominium with easy highway access.
      65 N Plains Industrial Rd, Wallingford, CT 06492
      View Details
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    37 Main St
    Wallingford, CT 06492-3722
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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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