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    393 Soundview Rd Guilford, CT 06437
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    393 Soundview Rd, Guilford, CT 06437

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    • Manufacturing properties
    • 16,864 SF
    • 3.31 lot acres
    For Lease
    $7 SF/Yr
    View Listing →
    Soundview Road Industrial Space For Lease
    $7 SF/Yr

    Soundview Road Industrial Space

    16,864 SF Flex/Manufacturing Building

    393 Soundview Rd, Guilford, CT 06437
    View Listing
    Property ID
    US15-0532168
    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.
    Value Estimations
    $1,400,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Iglesia Cristiana Ebenezer, CT / Church
    • Genx International / Medical Supply Store
    • LifeGlobal Group LLC / Industrial Manufacturer / Production Facility

    Property Details for 393 Soundview Rd

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.31 lot acres
    Zone code
    I-2
    Property type
    Manufacturing properties
    APN
    GUIL M:35013
    APU
    GUILM35013

    Description

    This single-tenant industrial building, situated on 3.31 acres in Guilford, CT (06437), offers 16,864 square feet of versatile flex/manufacturing space. Built in 1987, the one-story structure boasts a 17.6-foot ceiling height, perfect for various industrial uses. The property features three loading docks and one drive-in door, ensuring efficient loading and unloading. Electrical service is provided by a 400-amp power supply. The building is zoned I-2 and includes updated amenities such as a new roof, new driveway, improved insulation, a modernized alarm and sprinkler system, a new compressed air system, updated security cameras, and two additional bathrooms in the office area. Previous approvals existed for a three-story lab/office addition to the existing structure. The property has a 310-foot frontage. This well-maintained building presents a significant opportunity for businesses seeking functional and updated industrial space in a convenient location. The lease rate is $7.95 per square foot, NNN.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,390,000
      ML approach
      $1,415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,141,000
      Market price range: $731k - $1.74M
      AI Estimate
      $934,000
      Market price range: $383k - $1.80M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,195,000
      Current use
      OFFICE BUILDING
      $2,135,000
      Change: +79% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,900,000
      Change: +59% Conversion: Difficult
      RETAIL STORES
      $1,830,000
      Change: +53% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,765,000
      Change: +48% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,530,000
      Change: +28% Conversion: Easy
      WAREHOUSE, STORAGE
      $990,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Guilford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.6613
    Latitude
    41.28
    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
    $17,801
    $126,420
    $561,400
    $687,820
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,215,000
      48,007 SF

      251 Boston Post Rd

      MANUFACTURING (LIGHT)
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      View Details
    • Value Estimation
      $780,000
      12,000 SF

      325 Soundview Rd

      MANUFACTURING (LIGHT)
      325 Soundview Rd, Guilford, CT 06437-2970
      View Details
    • Value Estimation
      $545,000
      12,500 SF

      679 Boston Post Rd

      MANUFACTURING (LIGHT)
      679 Boston Post Rd, Guilford, CT 06437-2711
      View Details
    • Value Estimation
      $3,735,000
      68,810 SF

      1 Shoreline Dr

      MANUFACTURING (LIGHT)
      1 Shoreline Dr, Guilford, CT 06437-2978
      View Details
    • Value Estimation
      $2,915,000
      111,068 SF

      129 Soundview Rd

      MANUFACTURING (LIGHT)
      129 Soundview Rd, Guilford, CT 06437-2972
      View Details
    • Value Estimation
      $860,000
      11,349 SF

      1840 Boston Post Rd

      MANUFACTURING (LIGHT)
      1840 Boston Post Rd, Guilford, CT 06437-2388
      View Details

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      Guilford Commercial Flex Space Available

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    Similar Nearby for Lease

    • $7 SF/Yr
      16,864 SF

      Soundview Road Industrial Space

      16,864 SF Flex/Manufacturing Building
      393 Soundview Rd, Guilford, CT 06437
      View Details
    • $1,300 /Mo

      Professional Office Suite in Guilford

      Well-located office suite with excellent visibility and ample parking.
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      View Details
    • Contact for pricing
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      Guilford Office Space For Rent

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    • $20 SF/Yr
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      Guilford Medical Office Suite

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      View Details
    View Listing
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    Guilford, CT 06437
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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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