Turnkey Commercial Property with
For Sale
$1,500,000
811 Dixwell Ave, Hamden, CT 06511
Versatile 4,507 SF commercial property with multiple lounge areas.
Property Size4,057 SF
Lot Size0.16 Acres
Price / SF$332.82
Days on Market151
Property Features for 811 Dixwell Ave
General Information
Standard status
Active
Size
4,057 SF
Lot size
0.16 Acres
Property subtype
Commercial
Building Details
Building Size
4,057 SF
Year Built
1920
Listing Agency:
BHGRE Gaetano Marra Homes
(203) 690-7424
Listed By:
Reginald Scales
(203) 690-7424
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:23AM
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 BHGRE Gaetano Marra Homes
Investment Insights
Based on property information with market context.
This commercial property offers 4,507 square feet of space. The turnkey property features multiple lounge areas, including an outdoor lounge and an indoor lounge. There is also a prime lounge area with a built-in DJ booth and a commercial kitchen. The property includes two fully functional bars and four bathrooms. A new central air system has been installed. The property also features a spacious basement with ample storage and a bathroom, a security system, and two pool tables. Additionally, 406 Goodrich Street is part of the property and is currently being used for storage, offering potential for future development. This property has been under the same ownership for over 30 years and is described as a longstanding community landmark with possibilities for investment.
Key Highlights
- 4,507 sq ft turnkey commercial property with versatile space.
- Prime lounge area with built‑in DJ booth and commercial kitchen.
- Two fully functional bars and multiple lounge areas (indoor/outdoor).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,987
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,479,740
$1.5M
Cap Rate 7%
$1,056,957
$1.1M
Cap Rate 9%
$822,078
$822.1K
Market Conditions
NOI Build-Up for 4,507 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$102.8K $22.80/SF
− Vacancy
−$4.1K −$0.91/SF
EGI
$98.6K $21.89/SF
− OpEx
−$24.7K −$5.47/SF
NOI
$74.0K $16.42/SF
Area
New Haven, CT
Vacancy
4.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,479,740
Cap Rate 7%
$1,056,957
Cap Rate 9%
$822,078
Alternative Uses
Best Use
Specialty Retail
$1.06M
$924.8K – $1.23M
NOI $73,987 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,485 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
Burger King
Dining
9,071 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,710 visits/mo
0.2 miles
AutoZone
Shops & Services
3,901 visits/mo
0.3 miles
Gulf Oil
Shops & Services
3,728 visits/mo
0.4 miles
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- John Lyman Center for the Performing Arts — Lyman Center, 501 Crescent St, New Haven, CT 06515
- Taurus Cafe LLC — 520 Winchester Ave #1, New Haven, CT 06511
- J.A. Bar & Grill — new haven, ct 06511
- Chazmo Cafe & Lounge — 819 Dixwell Ave, Hamden, CT 06517
- Taurus B Cafe — 520 Winchester Ave, New Haven, CT 06511
Frequently Asked Questions
What type of property is this?
Bar & Pub - Versatile 4,507 SF commercial property with multiple lounge areas.
Where is this bar & pub located?
The property is located at 811 Dixwell Ave Hamden, CT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,507 sq ft turnkey commercial property with versatile space.; Prime lounge area with built‑in DJ booth and commercial kitchen.; Two fully functional bars and multiple lounge areas (indoor/outdoor).
