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Property profile

458 Wolcott Rd Wolcott, CT 06716

OFF-MARKET
Industrial properties
Property ID
US15-0955439
2.11 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 1,000 square foot, newly renovated office space is available for lease in Wolcott, Connecticut. Located on the second floor of a two-story, 1,908 square foot building constructed in 1961, this versatile space offers a variety of possibilities for businesses seeking a modern and functional workspace. The suite boasts brand new flooring, lighting, and paint, along with central air conditioning, private offices, ample storage, and a newly installed half bathroom. Its adaptable layout can accommodate a range of business types. The building is situated in a high-traffic retail area, benefiting from a large parking lot with over 100 spaces and prominent signage visible to thousands of vehicles daily. The location offers excellent visibility and accessibility. A ground floor salon and a nearby medical office building provide complementary businesses in the immediate vicinity. The property is zoned commercial and is suitable for creative, traditional, or executive office uses. This is a rare opportunity to secure a well-appointed, conveniently located office space in a thriving commercial area.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Lot 2.11 ac (91,912 SF)
Zoning code GC
APN WOLC M:108A B:5 L:308
UPID US15-0955439

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Location

458 Wolcott Rd Wolcott, CT 06716-2639
Wolcott metro Census 361200 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.84M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.73M

Owner & transaction history

since 2023
Last sale
$1.7M
3 recorded transactions
2023
$1.7M
1997
Price N/A
1988
$1.7M

Zoning & alternative use

GC · Wolcott, CT
Zoning description

General Commercial GC District GC Industrial District I Economic Development District #1 (Eff. 9-28-01) EDD-1 Economic Development District #2 (Eff. 9-28-01) EDD-2 Special Overlay Districts Route 69 Corridor District Lak…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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