Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    157 Washington Ave North Haven, CT 06473

    Sponsored
    For Sale
    $550,000

    COMMERCIAL - North Haven, CT

    Property size:
    2,052 SF
    Lot size:
    0.43 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 11 at 10:06 pm

    Property Features for 157 Washington Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    IL30
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    Size
    2,052 SF
    Lot size
    0.43 Acres

    Utilities

    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Dean Lockery

    GRL and Realtors, LLC 203-781-0000 x 203

    Listing agent Dean Lockery (203) 781-0000

    Listing date Feb 11, 2026

    MLS# 24153402

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    North Haven Commercial Flex Space

    This 2052 square foot flex space building is located on a busy section of Washington Avenue in North Haven, Connecticut. The property, situated on a 0.43-acre lot, offers high visibility and a layout conducive to efficiency and vehicle storage. It features two overhead doors and ample exterior parking. The property provides convenient access to I-91. The zoning is IL30. The building is available for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lee Capozzo Auto ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.854814
    Latitude
    41.3982085

    Nearby Similar for Sale

    • $899,999
      9,774 SF

      Corner Lot Office Building

      Commercial office building with remodel, parking, and income potential.
      410 State St, North Haven, CT 06473
      View Details
    • Contact for pricing
      17,947 SF

      Versatile Retail Space in North Haven

      Former garden center suitable for retail, medical, or service businesses.
      66 State St, North Haven, CT 06473
      View Details
    • $2,199,000
      9,552 SF

      North Haven Retail and Motel

      Retail and motel on 1.38 acres near I-91.
      630 Washington Ave, North Haven, CT 06473
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space with Parking

      Retail property with high traffic and on-site parking.
      104 Washington Ave, North Haven, CT 06473
      View Details
    • Contact for pricing
      19,000 SF

      Industrial Facility on Route 17

      Two-story, 16,568 SF industrial facility on 3.42 acres.
      15 Middletown Ave, North Haven, CT 06473
      View Details
    • Contact for pricing
      12,645 SF

      Retail Property in North Haven

      Retail property available for sale in North Haven, Connecticut.
      356 Washington Ave, North Haven, CT 06473
      View Details
    • $600,000

      Mill Road Specialty Property

      Specialty property available for sale.
      155 Mill Rd, North Haven, CT 06473
      View Details
    • $599,900

      North Haven Specialty Property

      Specialty property available for sale in North Haven, CT.
      7 Carolyn Ct, North Haven, CT 06473
      View Details
    • $469,900

      North Haven Specialty Property

      Specialty property available for sale in North Haven.
      38 Pine River Rd, North Haven, CT 06473
      View Details
    • $1,274,900

      Specialty Property For Sale

      Specialty property available for purchase.
      33 Justine Dr, North Haven, CT 06473
      View Details
    • $1,050,000

      Ridge Road Specialty Property

      Specialty property available for sale on Ridge Road.
      2200 Ridge Rd, North Haven, CT 06473
      View Details
    • $519,900

      Specialty Property For Sale

      Specialty property available for purchase.
      24 Sherwood Dr, North Haven, CT 06473
      View Details

    FAQs

    What type of property is this?
    Flex space - 2052 sqft flex space with high visibility and easy access.
    Where is this flex space located?
    The property is located at 157 Washington Ave North Haven, CT.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - High visibility location on busy Washington Avenue; - 2052 sqft building suitable for business operations; - Ample exterior parking
    (203) 974-2773
    Request Owner's contact information
    157 Washington Ave North Haven, CT 06473
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    157 Washington Ave
    North Haven, CT 06473
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    157 Washington Ave North Haven, CT 06473
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dean Lockery
    (203) 974-2773
    Learn more
    Google sign-in failed. Please try again or use another login method.