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    182 Commerce St East Haven, CT 06512

    View on Map
    Sponsored
    For Lease
    $3,700 /Mo ($0.61 SF/Yr)

    COMMERCIAL - East Haven, CT

    Property size:
    3,200 SF
    Lot size:
    1.66 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 9 at 5:06 pm

    Property Features for 182 Commerce St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    LI-2
    Interior features
    Security System
    Size
    3,200 SF
    Lot size
    1.66 Acres

    Utilities

    Utilities
    Phone Available, Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Renee Stevens
    Renee Stevens

    Press/Cuozzo Realtors 203-288-1900x123

    Listing agent Stephen Press (203) 288-1900

    Listing date Mar 2, 2026

    MLS# 24143347

    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

    East Haven Office Space Available

    This 3,200 SF office space, built in 1987, features a functional layout that includes a large conference room and an open bullpen. It also offers two smaller flex rooms suitable for desks or a copy/print area, and a private office with its own restroom. Additional features include men's and women's bathrooms and a spacious kitchenette. The unit has a dedicated front entrance, providing a professional appearance and privacy, along with ample on-site parking. The property is located in East Haven, CT, within an established industrial park with strong visibility along Commerce Street. The lot size is 1.66 acres. The zoning is LI-2. City water/sewer and natural gas are available. The unit is front-facing and offers high visibility. It is situated one mile from Route 1 and two miles from I-95/I-91, and minutes from Tweed. The space has been freshly painted throughout. The property is offered at $3,700.00/month plus utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schneider Electric Production Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8789296
    Latitude
    41.2539943

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    FAQs

    What type of property is this?
    Office units - 3,200 SF office space with functional layout for rent.
    Where is this office units located?
    The property is located at 182 Commerce St East Haven, CT.
    What is the lease rate?
    The lease rate is $0.61 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location close to I-95/I-91 and Route 1; - Functional layout includes a **large conference room**, open bullpen, flex rooms, and a private office with restroom; - **Dedicated front entrance** provides a professional appearance
    (203) 288-1900
    Request Owner's contact information
    182 Commerce St East Haven, CT 06512
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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
    182 Commerce St East Haven, CT 06512
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    We can help!
    Listing Contact
    Renee Stevens
    Renee Stevens
    Real Estate License ID: 0812686
    (203) 288-1900 (860) 964-0205
    Learn more
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