Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Seven-Story Office/Medical Building For Rent Title is generated by Realmo AI

    1 Long Wharf Dr, New Haven, CT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    270,000 SF office/medical building with on-site amenities, ample parking.

    Type:OFFICE
    Property size:
    7,482 SF
    Lot size:
    2.11 Acres
    Added:
    Dec 6, 2023
    Days on Market:
    893
    Last Refresh:
    Apr 5 at 9:17 pm

    Property Features for 1 Long Wharf Dr

    General Information

    Standard status
    Active
    Size
    7,482 SF
    Lot size
    2.11 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1 Long Wharf Dr Contact us

    We can help!

    Listing Contact
    Maureen O'Boyle
    Maureen O'Boyle

    Listing agent Maureen O'Boyle

    Listing office Cushman & Wakefield | Stamford

    Listing date Dec 6, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Stamford

    HighLights

    • Seven‑story office/medical building offering 270,000 square feet.
    • Enjoy the convenience of an on‑site restaurant and hotel conference center.
    • Ample parking at no charge.
    • Major lobby renovation completed in 2009.
    • Located on the bus line and near hotels, banks, and shopping areas.
    • Close proximity (3‑5 minutes) to Union Station.

    Overview

    This seven-story office/medical building offers 270,000 square feet of space and features two full-height, five-story atriums. The building lobby was renovated in 2009. An on-site restaurant and ample parking are available at no charge. The property is currently occupied by several large not-for-profit, state, and medical tenants. Located on the bus line and within 3-5 minutes of Union Station, the building is conveniently close to several hotels, banks, and shopping areas. An on-site hotel conference center is available. Lease rates are gross plus cleaning and electricity, estimated at $2.05 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Haven's Towing Auto Repair Shop HairClub Hair Salon K J Lee ... Physician Southern New England ... Physician Dr. Gordon Strothers, ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9299
    Latitude
    41.2895

    Nearby Similar for Lease

    • $750/Mo
      210 SF

      New Haven Professional Office Sublease

      Professional office space for sublease in convenient New Haven location.
      700 State Street, New Haven, CT 06511
      View Details
    • $950/Mo
      146 SF

      Premium Office Space in New Haven

      Modern office space in the heart of New Haven.
      195 Church Street, New Haven, CT 06516
      View Details
    • $1,200/Mo
      550 SF

      Office Suite in New Haven

      First floor office suite with private offices and reception area.
      291 Whitney Avenue, New Haven, CT 06511
      View Details
    • $2,100/Mo
      1,379 SF

      New Haven Commercial Space Available

      Prime commercial space for lease in New Haven, Connecticut.
      530 Whalley Avenue, New Haven, CT 06511
      View Details
    • $1,500/Mo
      1,100 SF

      New Haven Office Space Available

      Office space with immediate highway access in New Haven.
      240 Sargent Drive, New Haven, CT 06511
      View Details
    • $2,440/Mo
      7,000 SF

      New Construction Multifamily in New Haven

      New construction multifamily building with multiple units available for rent.
      12 Ferry Street, New Haven, CT 06513
      View Details
    • $3,000/Mo
      2,200 SF

      Prime Retail Space in New Haven

      2200+ sq ft retail space in Wooster Square.
      900 Grand Avenue, New Haven, CT 06511
      View Details
    • $500/Mo
      500 SF

      Historic Office Space For Lease

      Individual office spaces available in historic New Haven location.
      389 Whitney Avenue, New Haven, CT 06511
      View Details
    • $9 SF/Yr
      10,050 SF

      Banquet Facility Leasing Opportunity

      10,050 SF banquet facility suitable for various uses.
      560 Woodward Ave, New Haven, CT 06512
      View Details
    • Sponsored
      Contact for pricing

      CT, New Haven - Church St

      123 Church St, Unit 300, New Haven, CT 06510
      View Details
    • $400/Mo
      9,062 SF

      Office Space Near Yale

      Small office space available for rent near Yale University.
      59 Amity Road, New Haven, CT 06515
      View Details
    • $1,500/Mo
      1,100 SF

      Office Space Near Transportation Hubs

      Self-contained office space with immediate highway and transit access.
      240 Sargent Dr 1A, New Haven, CT 06511
      View Details

    FAQs

    What type of property is this?
    Office building - 270,000 SF office/medical building with on-site amenities, ample parking.
    Where is this office building located?
    The property is located at 1 Long Wharf Dr New Haven, CT.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: Seven‑story office/medical building offering 270,000 square feet.; Enjoy the convenience of an on‑site restaurant and hotel conference center.; Ample parking at no charge.
    (203) 326-5800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Maureen O'Boyle
    Maureen O'Boyle
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1 Long Wharf Dr, New Haven, CT
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!